Side question on money laundering...

[BETH TRESTRAIL]

Phil Fraering writes:

>Given that even I, in my isolated little backwater of South
>Louisiana, find myself withing 20 miles of a casino, is it
>possible that the market is saturating to the point where
>an internet casino would not neccesarily be a good idea?
>
>If there is real anonymous untraceable digital cash for money
>laundering with, will "real" casinos see their profits decline
>as digital money sucks away that part of their business?
>
The most likely use of the Internet for gambling is for bookmaking,
not casino games. Encryption and untraceable digital cash will allow
even those "in [an] isolated little backwater of South Louisiana"
to compete for biz with the books in Lost Wages, NV and the larger
cities. The only real barrier to entry will be capital sufficient to
render the risk of ruin insignificant; thats not a _small_ barrier,
though.

          Jeff
          trestrab at gvsu.edu