Bill 4411 Carruthers "Regulate Don't Ban"
Published: Wednesday, July 12, 2006 Online-Casinos.com
Bill 4411 CARRUTHERS "REGULATE DON'T BAN"
BetOnSports CEO committed to online casino regulation in the USA
One of the first industry reactions to this week's successful passage of Bill 4411 through the House of Representatives came from Bet On Sports CEO David Carruthers, who renewed his companys commitment to regulate the online gambling industry in the United States and reiterated its opposition to any efforts to prohibit Internet gambling.
"We are determined to establish provisions for online gambling businesses to be taxed in the United States and to create measures to effectively control underage and problem gambling," said Carruthers. "BETonSPORTS and other industry leaders share these same concerns as Representatives Leach and Goodlatte.
Efforts to prohibit online gambling in the United States have failed repeatedly, proving that prohibition cannot effectively or expeditiously address these concerns. Instead, Congress should focus its energy and resources on viable solutions through regulation to protect consumers and to control underage and problem gambling to ensure the United States receives the billions of dollars in tax revenues it deserves from Americans who wager online each year."
BETonSPORTS is committed to establishing effective measures to protect consumers and the vulnerable in society. The company argues that regulation - not prohibition - will control underage and problem gambling, and wants to license and tax online gambling operators in the United States.
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