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Odds are online casinos here to stay 10/5/2006 (Andrew Shain and Rick Rothacker, Charlotte Observer) It's a good bet that online gamblers will still be able to play Texas Hold 'Em or wager on the Carolina Panthers even if Congress succeeds in curtailing how players pay foreign Web casinos, gaming experts said Monday. "They will figure out new ways to send money back and forth," said Kenneth Weitzner, who runs the online gambling news Web site eog.com. "They have always been one step ahead of the law. ... This is unenforceable. It's mostly a feel-good bill." The House and Senate passed bills over the weekend banning payments to online gambling sites using credit card and bank accounts. The president is expected to sign the measure aimed at ending all online gambling from U.S. players. Online gambling breaks federal and state law, but an estimated 20 million people play the game anyway. Some banks -- including Charlotte's Wachovia Corp. -- have barred using credit cards to pay gambling sites, but players use bank drafts, checks and electronic transfers for wagers. The bills OK'd this weekend are meant to close those loopholes. A trio of publicly traded British gaming sites, including the parent of the popular PartyPoker.net, announced Monday they would stop taking wagers from U.S. players if the ban becomes law. Because a bulk of their players came from America, their shares plummeted as much as 65 percent Monday, reportedly wiping out $7 billion of market value.  Full Story
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