Legal iGaming responds to online gambling act
LAS VEGAS, Nevada – (PRESS RELEASE) -- Legal iGaming (LIG), a premier provider of remote access gaming technologies designed specifically for the regulated gaming industry, announced that the new Unlawful Internet Gambling Enforcement Act of 2006 validates LIG's corporate mandate that gaming should always be provided, controlled and regulated by the long-established gaming industry.
Michael Saunders, CEO and President of LIG, stated, "We founded LIG on the basis that the 'World Wide Web' was not the appropriate arena to serve the gambling demand of society. Expanding the casino to provide remote access to gambling facilities was a great idea, but it must be provided by the existing regulated gaming infrastructure. The regulated gaming industry has many years invested in legitimizing a once-frowned-upon industry. Such manufacturers as International Gaming Technologies (IGT), Aristocrat, Bally Technologies, Williams Gaming and other gaming operators have worked diligently and spent billions of dollars to assure the integrity of the gaming industry. Internet gambling is not a technical issue. Now that our position has been proven correct, we are mounting an offensive to showcase our Remote Access Gaming technology, which extends the casino floor through secure networks within regulated areas, preserving the current regulatory and licensed gaming environments."
On Friday, September 29, the US Congress passed the Unlawful Internet Gambling Enforcement Act of 2006, which prohibits financial institutions from processing payments for certain types of Internet gaming. Horse racing, state lotteries and intratribal transactions are exempt. The Act also clarifies ambiguities in previous laws governing Internet gaming in the US.
LIG's patented technology allows for the remote play of slot machines located within the physical walls of casinos. The casinos are located in regulated gaming environments in the US and are only accessible remotely through secure, closed-looped networks from hotel rooms or other remote locations. By extending the casino floor outward, players will continue to receive fair odds on any game they play since they will be playing machines on the gaming floor. Internet gaming, however, does not use regulated slot machines or gaming devices, and instead operates from servers located in foreign countries that are not regulated by U.S. standards. The methods of generating random outcomes in Internet gaming may not favor the players and leave them susceptible to unfair odds.
Legal iGaming is a leader in remote gaming technology. The company holds several patents that handle secure networks in gaming environments and distribution of random events across gaming networks. LIG distributes gaming equipment and supplies across the US and provides software quality assurance testing, pre-compliance testing, technology advisement, and electronics design.
Press Release - 2006-10-13 09:02:23
