Good News for Gambling Domain Owners

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According to an article appearing in Reuters today, it looks like Democratic lawmakers may be pushing for an end to the ban on Internet gambling to quell anger from the European Union. If this happens, owners of gambling domain names may be more free to monetize them and have higher payouts.

From the article:

“A senior Democratic lawmaker will push legislation this year to repeal a U.S. ban on Internet gambling that has hurt trade ties with the European Union, a congressional aide said.

“The bill introduction should happen in the next month,” a spokesman for House of Representatives Financial Services Committee Chairman Barney Frank said.”

About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

7 COMMENTS

  1. it will probably happen someday but a lot more money will change hands first…wink wink

    They will probably trade this for a vote on something else

    Hope I’m around when it does happen though…cha ching

  2. i think internet gaming regulation is the way to go – just not sure politicians can get this done in the foreseeable future – however, they will be motivated by adding tax revenues to their state coffers, especially given the current economic environment – i guess we’ll have to wait and see.

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