The Unlawful internet Gambling Enforcement Act prohibits the transfer of funds from a financial institution to an Internet Casino site. There are exceptions including fantasy sports, online lotteries and horse and harness racing. This bill was passed in 2006 and caused a dilemma for US gamblers. They had a hard time using online casinos. How were they going to use Internet Casinos if they couldn’t transfer money from their bank?
Internet sites have been working on this and one of the best Credit Card Casinos, Slots Oasis has found a way. They are working with VISA and MasterCard removing the need for money to go through a bank or other financial institution. Slot Oasis will take any major credit card except Discover. They offer a 400% match bonus to anyone using a credit card to deposit.
Bodog is another Internet Casino site that received permission to use both VISA and MasterCard. Players have an account with Bodog and they can load the account using their credit card. Bodog has been in business for about 15 years and has been involved with American gamblers for that amount of time.
Cherry Red Casino is a newer online casino and it accepts credit cards on a regular basis. Patrons can use VISA, MasterCard and American Express to fund their accounts. They offer a 400% match to $2,400 dollars to new players. This gives them a way to use the deposit they made through the credit card.
Credit Cards are the way to use Internet Casinos and it is becoming increasingly easier to participate with that method. Many countries allow Internet gambling and more are joining in the fray. Estonia just decided to legalize online casinos and this will take effect on January 1, 2010. Estonians will be able to play all kinds of casino games online including blackjack, roulette, craps, keno and online slots. Estonia will recognize licensees of online casinos in the European Union. If a foreign online casino wants to accept players from Estonia they will have to apply for a license, be incorporated and funded, and must submit to a background check.
Legalization of Online Casinos in Estonia is a good thing for the casino industry and online gaming could soon become one of the most lucrative enterprises around.
The United States is currently promoting legislation to regulate and legalize online casino games. Senator Menendez from New Jersey submitted the Internet Poker and Games of Skill Regulation, Customer Protection and Enforcement Act. House Representative Barney Frank is trying to pass another bill to legalize and regulate other online casino games. It is hoped that the Estonia passing of legislation will give a surge to the US legislation. Please note that even though these have not been passed in the US there are online casinos that do operate for American citizens.
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