Online Gambling Still A Risky Bet For Casinos, Banks

Law360, Chicago (September 18, 2015, 9:38 PM EDT) -- A confusing patchwork of state laws and unclear guidance from the federal government continues to make online gaming a dicey prospect for traditional casino operators, and often leaves credit card companies unwilling to process payments even in states where the practice is legal, gaming experts said Friday.

A U.S. Department of Justice memo in 2011 clarifying that online gaming, with the exception of sports-betting, is not prohibited by the Federal Wire Act opened the floodgates to states considering whether to legalize the activity.

At an ABA...
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