Suitably Flip

Kyl Ups the Ante

Andrew Mellon used the IRS to take down Capone.  Mitch McDeere used the Postal Service to take down the Moroltos.

Now, Senator Jon Kyl (R-AZ) plans to use the banking system to stem the tide of overseas internet gaming sites.

A bill being drafted by Jon Kyl, a Senator for Arizona and long-time opponent of internet gambling, seeks to ban credit card companies from dealing with online gaming groups in a bid to crack down on the rapidly growing industry.

As the US has no jurisdiction to challenge directly offshore internet gambling companies such as PartyGaming, which is based in Gibraltar, senators are trying to shut down the industry by stopping banks from handling all online betting transactions.

The bill is supported by the American Gaming Association (AGA).  It should also allay the WTO's beef.

Adding a little zest to the story, PartyGaming has been preparing for a 5.5 billion pound IPO on the London Stock Exchange.  If the bill passes, it would cut the firm off from the majority of its existing customers.

Comments

Kyl Ups the Ante

Andrew Mellon used the IRS to take down Capone.  Mitch McDeere used the Postal Service to take down the Moroltos.

Now, Senator Jon Kyl (R-AZ) plans to use the banking system to stem the tide of overseas internet gaming sites.

A bill being drafted by Jon Kyl, a Senator for Arizona and long-time opponent of internet gambling, seeks to ban credit card companies from dealing with online gaming groups in a bid to crack down on the rapidly growing industry.

As the US has no jurisdiction to challenge directly offshore internet gambling companies such as PartyGaming, which is based in Gibraltar, senators are trying to shut down the industry by stopping banks from handling all online betting transactions.

The bill is supported by the American Gaming Association (AGA).  It should also allay the WTO's beef.

Adding a little zest to the story, PartyGaming has been preparing for a 5.5 billion pound IPO on the London Stock Exchange.  If the bill passes, it would cut the firm off from the majority of its existing customers.