FRIDAY THE 13TH - BUSH SET TO SIGN INTERNET GAMBLING BILL INTO LAW
06 October 2006
EYE ON GAMBLING (EOG)
written October 6, 2006
This is sad news but it was expected.
EOG has just learned President George W. Bush will sign the Security and Accountability For Every (SAFE) Port Act into law next Friday, delivering a blow to U.K.-listed online gaming companies, whose shares tumbled after an Internet gambling ban was attached to the legislation.
The port security bill was one of Congress’ final actions before breaking for the November mid-term elections. The legislation, part of an election-year focus on national security issues, is designed to keep nuclear, chemical or biological weapons out of shipping containers on their way to the U.S.
The addition of a provision making it a criminal offense to receive funds related to any online gambling activity that is illegal under state or federal law punished a number of gaming companies listed in the U.K., including PartyGaming (PRTY.LN), 888 Holdings (888.LN), and Sportingbet (SBT.LN). PartyGaming and 888 Holdings said they would shut down their U.S.-facing operations as a result of the legislation.
What will be banned next?
READ THE COMPLETE ARTICLE AT EYE ON GAMBLING – (EOG)
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16 November 2006CASINO EXECUTIVES SPEAK OUT ON INTERNET GAMBLING BAN
YAHOO NEWS By RYAN NAKASHIMA, Associated Press Writer Thu Nov 16, 12:37 AM ET LAS VEGAS – Casino executives and a poker lobby group said that they hope a change in power brought by the midterm elections will help them overturn an Internet gambling ban rushed through Congress while Republicans were still in control. MGM Mirage Inc. chief executive Terry Lanni said Wednesday that the measure is “ridiculous” because it was signed into law Oct.Read full article
02 May 2007New Mexico Governor Favors Repeal of UIGEA
While on a campaign stop in Nevada this week Bill Richardson, Democratic presidential hopeful, said he favors repealing last year’s congressional ban on internet gambling. According to Yahoo! a reporter talked to Mr Richardson regarding his stance and relayed the following information: “I’m against shutting it down,” Richardson said in an interview with The Associated Press.Read full article