Controversy with Harry Reid Could Change Online Gambling in the US
18 January 2010
If the GOP has their way and force the resignation of Senator Harry Reid of Nevada, regulated online gambling may be one step closer to reality. Senator Reid has fought hard to keep online gambling illegal, in order to protect the gaming interests of his home state of Nevada. If he were no longer in Washington, many believe Rep. Barney Frank’s proposal for regulated internet gambling would have a much better chance of passage. His support in Washington has grown since he first introduced his legislation to overturn the Unlawful Internet Gambling Enforcement Act of 2006, during the Bush Administration.
Gaming Analyst Steve Schwartz said “There is no doubt that Senator Reid has been forthcoming in his plan to protect the Nevada casino industry, and one way to do that is to oppose online gambling”. He further stated “If Reid were to step down, that may open the door a little wider for regulated online gambling.”
Reid has been under criticism for remarks he made during the 2008 presidential race, claiming Obama was “light skinned” and that he had “no Negro dialect”. He has since apologized for the remarks and the President has said that the matter is closed.
The call for resignation appears to be along party lines and the chances of his stepping down are slim.
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article