Prime Games Advocates Regulation

April 9, 2008

Timing their statement on advocating regulation with the House subcommittee hearings on the Unlawful Internet Gambling Enforcement Act that are currently taking place in Washington, D.C. was not only smart, but many think it will be effective as well. Prime Table Games has chosen to run a full page ad in the Wall Street Journal today, taking a strong and positive stance on regulation of the online gambling industry.

The ad was titled, “Who Will Face the Issues,” and talks about all of the current problems that there are within the online gambling industry. They talk about how gaming fraud, consumer protection and protection of intellectual property rights are all major issues that need to be contended with immediately. They say that with the state that the industry is in right now, it is only going to get worse as time continues on.

The company advocates taking a strong stance for regulation of the online casino industry, and says that Congress must act soon in order to protect its citizens. They say that there has to be limits on the incentives that are given to gamble, there cannot be any affiliate relationships, players must be verified, and the site operators should be responsible for that verification. They also want players to have the ability to put themselves on a self-exclusion list – which many land based casinos already utilize.

They also say that there have to be checks and balances in the sense that players must have to prove that they can gamble at the level they are choosing to lose money at. Those that do not pay their gambling debts are automatically excluded from playing, and online gambling debts should not be legally recoverable.

They say that the online casinos should also have to give money to support a fund that assists those that have online gambling addictions. Without these standards in place, regulation of the online gambling industry cannot be considered.



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