iPhones Become Mobile Casinos By Adding Real-Money Bets(bloomberg.com)
bloomberg.com
iPhones Become Mobile Casinos By Adding Real-Money Bets
http://www.bloomberg.com/news/2012-08-16/iphones-become-mobile-casinos-by-adding-real-money-bets.html
3 comments
This is regarding apps for the UK. AFAIK, it's still illegal for financial institutions in the US to process transactions coded as gambling.
Yes. But it's interesting because the US is considering legalizing it: "Restrictions on Internet gambling in the U.S. may also ease, as several states, including California, Nevada and New Jersey, are considering legislation to legalize the practice."
That is especially interesting since the federal law preventing banks and such from honoring such transactions is... federal.
The article says "Restrictions on Internet gambling in the U.S. may also ease." Both Bloomberg citing the "U.S." as a whole and these states bucking the anti-gambling trend (historically states have been pioneers for trends in federal legislation) might (I said "considering") mean the US (= federal) will some day let those transactions be ... honored.
Well now you never have to leave the casino
No longer is a terminal where all the logic is they are just dumb terminals that display the outcome that was generated on a server.
Even the old terminals were just a computer that displayed the results on "fake" reels and video results i.e. the result was generated in a microsecond and then you saw the game played on a screen or reel. Unlike the really old days where physical reel gears/stepper motors if damaged would result in something different.
But seeing the average casino patron is around age 60, non-technical and seemingly paranoid as hell I can't see this working for that age range. Plus you can't smack it or whack it to make sure it pays. Add to that having 100 of the same game but of course people fixate on one of those and fight over it because it's the lucky one.
I wonder if Bitcoin could work, get paid in Bitcoins and then deposit that in amounts less than $1200 US tax law trigger? W2G I think it is? (it's an options setting on slot machines too)
I work in a small casino.