Good News for Gambling Domain Owners

According to an article appearing in Reuters today, it looks like Democratic lawmakers may be pushing for an end to the ban on Internet gambling to quell anger from the European Union. If this happens, owners of gambling domain names may be more free to monetize them and have higher payouts.

From the article:

“A senior Democratic lawmaker will push legislation this year to repeal a U.S. ban on Internet gambling that has hurt trade ties with the European Union, a congressional aide said.
“The bill introduction should happen in the next month,” a spokesman for House of Representatives Financial Services Committee Chairman Barney Frank said.”

Comments (7)

Kevin M.

February 20th, 2009 at 6:20 pm

So is this the ‘business’ you were thinking about as you drove to NH?

Elliot Silver

February 20th, 2009 at 6:28 pm

LOL… nah… just saw this.

Tim Davids

February 20th, 2009 at 9:20 pm

it will probably happen someday but a lot more money will change hands first…wink wink

They will probably trade this for a vote on something else

Hope I’m around when it does happen though…cha ching

Cedrick Reese

February 21st, 2009 at 10:09 am

This is great news if it happens. I have a poker forum domain that I have been wanting to develop. Or should I just go ahead and develop it?

Michael Carter

February 21st, 2009 at 1:22 pm

i think internet gaming regulation is the way to go – just not sure politicians can get this done in the foreseeable future – however, they will be motivated by adding tax revenues to their state coffers, especially given the current economic environment – i guess we’ll have to wait and see.

February 21st, 2009 at 11:35 pm