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Last Updated: Monday, 2 October 2006, 18:10 GMT 19:10 UK
US bill 'could hit net gambling'
Dollar bills and keyboard
Internet gambling industry netted �700,000 for Alderney in 2005
Alderney's internet gambling business could be under threat if countries follow the US in trying to stop credit cards being used, industry bosses say.

The US Congress has passed a bill to make it illegal for banks and credit card firms to process gaming payments.

Alderney's Gambling Control Commission said the move would have little effect on the island - unless other countries decided on similar legislation.

Alderney's eGambling industry netted �700,000 for the island in 2005.

Veto 'unlikely'

The American bill, which Congress hopes President George W Bush will sign into law, is part of a sustained clampdown on online gaming in the US.

If passed, it would make it illegal for banks and credit card firms to process online gaming payments from the US.

It is thought unlikely President George W Bush will veto the bill.

The Chief Executive of the Alderney Gambling Control Commission, Andre Wilsenach, said while the move in the US would have little effect on the island, it would be a different story if other countries did the same.

He said: "Although it's very hard to say what effect it will have on the rest of the world, it is highly likely to encourage other jurisdictions and other governments to follow suit."

The Alderney commission is an independent and non-political body which regulates eGambling on behalf of the States of Alderney.

Shares of online gaming firms plunged after the US Congress passed the bill.


SEE ALSO
Gambling firms see shares plunge
02 Oct 06 |  Business
Island gambling brings �700,000
23 Apr 06 |  Guernsey

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