NODE 7a63a9cdSide question on money laundering...
"Phil G. Fraering" <pgf@srl.cacs.usl.edu>Tue, 19 Apr 94 15:36:09 PDT
This may sound like a stupid question to most of y'all, but Tim
brought up the Internet Casinos concept in one of his statements
following-up to the money laundering thread, so I thought I'd
ask:
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?
PHil
NODE 4029881eRe: Side question on money laundering...
paul@poboy.b17c.ingr.com (Paul Robichaux)Wed, 20 Apr 94 05:48:13 PDT
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> 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?
Remember that Louisiana is one of the few states that allows casino
gambling, and that even there it's limited to gambling boats. There's
probably still a market for a net.casio, provided it offers the following
benefits:
a) ease of access from remote physical locations (so I can
play poker from Alabama or Utah),
b) easy conversion between casio digicash and a desired
government currency,
> 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?
Tim May & others seem to think that money laundering is a small part
of casino business and I tend to agree. Anonymous digicash will
definitely make money laundering easier for small-scale users.
- -Paul
- --
Paul Robichaux, KD4JZG | Out the 10Base-T port, through the router,
perobich@ingr.com | over the leased line, off the bridge, past
Intergraph Federal Systems | the firewall... nothing but net.
Of course I don't speak for Intergraph.
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