The Hill – With the recent introduction of the Restoration of America’s Wire Act in the U.S. House and Senate, the internet gambling issue has again returned to the forefront of policy discussion on Capitol Hill. The renewed focus has prompted well-funded legalization advocates to promote the demonstrably false idea that the many problems associated with internet gambling will disappear with a government stamp of approval. Now that internet gambling is legal in Nevada, Delaware, and New Jersey, we needn’t rely on speculation to see the moral hazards associated with legal internet gambling. Convincing evidence is found in the response…

The advent of Internet gambling in New Jersey has left a British online gambling firm placing a bet on Atlantic City with plans to build or buy a resort casino. London-based 2UP Gaming PLC is in negotiations to purchase an Atlantic City casino. If that’s not possible, the company is prepared to build anew, said Vincent Crandon, who will oversee 2UP Gaming’s American expansion. The company announced its intentions Friday, saying an Asian investment firm is prepared to contribute $330 million to the project. “I don’t count New Jersey out by any means,” Crandon said, speaking about the decision to…