Online Casinos: Hey Congress, Thanks!

Excellent post over at TechDirt.

With the House of Representatives moving yesterday to try to ban online casinos in the US, you’d think that would be bad news for those casinos — many of whom admit the majority of their customers are from the US. Not so, apparently. The stock market has driven the stock of many of these online casinos up following the news of the bill being passed. It seems that investors realize that, not only does this have no chance of actually going anywhere, the discussion about online casinos has only acted as a ton of free publicity for the sites, perhaps encouraging some people to sign up and play now, just in case the sites are forced to go away.