Three years ago congress passed a law to curb illegal use of trademarked name businesses on Internet sites, yet cybersquatting still seems to smell trouble for Casinos.
The coined word "cybersquatting" came about as illegal use of brand name businesses where used on internet-field names. "Cybersquatters" are known to work on gambling related sites, mainly under well-known casino brand names otherwise using the trademarked names in order to lure consumers. Customers are then automatically moved to other e-gaming arenas. Forecasters believe that, while a number of offshore Internet gaming sites are keeping pace, 35% of e-gaming sites may in fact be tampered with or snub shelling out money to their winners.
Many established gambling venues such as Brick-and-Mortar Casino, are worried that their first rate name will be tarnished if inappropriate use of their trademarked name is second handedly used. However Businesses who are browbeaten by their trademarked names being unsuitably used, may in fact request municipal compensation of up to $100,000 under The Anticybersquatting Consumer Protection Act of 1999.
Nevertheless, the House board approved a new all encompassing Internet gaming ban bill. Though Mark Tratos, founder of Quirk & Tratos, a Las Vegas firm and who also stands for MGM Mirage, Mandalay Bay and Boyd Gaming, believes that even if the new bill is implemented it would still be hard to put a stop to cybersquatting.
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