Barney Frank’s Bill Gains More Support
03 May 2010
Barney Frank and his bill to legalize and regulate online gambling have gained two big names as co-sponsors. Joining Frank’s fight for online gambling are Dina Titus (D-NV) and William Owens (D-NY). They joined the fight as co-sponsors on April 15.
Dina Titus joining the fight is seen as a good omen by some. Titus comes from the Nevada, the land of land based casinos, and if she is giving her endorsement to the bills, it is thought that she must believe that at least some of the casinos are OK with the internet gambling bill.
Frank’s bill has been postponed from its recent hearing date due to a scheduling conflict. A companion bill, designed to postpone implementation of UIGEA for another year, is looming as very important. UIGEA is scheduled to go into effect June 1, less than a month away.
Also of note is that congress has several measures that area dependant on income from the taxation of online gambling. If Frank’s bill is delayed, it could leave congress hastily scratching their heads wondering how to recover billions of dollars in lost revenue.
25 March 2010Gaming Lobby Open To Legalized Internet Gambling
The American Gaming Association (AGA) has released in a new policy statement that it is open to the idea of legalized internet gambling as long as the proper regulatory structure was enacted to protect consumers and the integrity of the game. However, while changing its stance on legalized internet gambling, it has still not endorsed any of the bills now before Congress.Internet gambling is estimated to be a $26 billion a year industry.AGA Chief Executive Officer Frqank fahrenkopf Jr.Read full article
27 March 2010The Time To Repeal UIGEA IS Now
With the signing into law of the health care reform legislation, the United States Congress will be free to finally start working on other legislation which has been forced onto back burners for much of the last year. The biggest bill of this group is Barney Frank’s (D-MA) HR 2267, the InternetGambling Regulation, Consumer Protection, and Enforcement Act. As the name implies, this bill would regulate and tax internet gaming, and would protect consumers from racketeering and money laundering.Read full article
10 April 2010Online Gambling Bills To Be Heard Next Week
Rep. Barney Frank’s hard work is about to pay off. His online gambling bills, the Reasonable Prudence in Regulation Act (HR2266) and Internet Gambling Regulation, Consumer Protection and Enforcement Act (HR 2267), are to be heard by the House Committee on Financial Services on April 16. With the provisions of UIGEA set to be enforced starting June 1st, and no more extensions expected, it is a bit of good news for online gambling.Read full article