Academics Say Online Gambling Regulation A Positive Thing

ACADEMICS SAY ONLINE GAMBLING REGULATION A POSITIVE THING

02nd June, 2015 at 09:21:50
Source: http://www.azonlinecasinos.com

Both US society and the industry itself would benefit from legalisation, say Michigan State University business scholars.

The publication MSU Today carried an article this week describing the US government's attempts to control Internet gambling as "a convoluted mess" that would benefit from properly defined licensing and regulation designed to protect the consumer.

The piece references a new study by Michigan State University business scholars, who claim they are the first to estimate the costs and benefits of the Unlawful Internet Gambling Enforcement Act of 2006, and note that despite ongoing uncertainty and confusion stemming from the law, the industry has reacted positively, with the value of publicly traded online gambling firms increasing nearly 3 percent.

"The online gambling industry is at the point where it wants controlled regulation," Mark Johnson, MSU finance professor and study co-author says.

"We conclude that both the industry and individuals

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