US Gambling Takes Two Small Steps Forward
12 April 2010
The last couple of weeks has seen the online gambling community take several setbacks on the chin. But the latest news is looking rosy for the online gamers.
The first is that Rep. Barney Frank’s two bills, HR2266 and HR2267, are going to be heard in legislative hearings before the House Committee on Financial Services on April 16th. HR2266 is seeking to postpone implementation of the provisions of UIGEA for one year. HR2267 is aimed at establishing a regulatory and licensing framework on online gambling.
The hearings are supposed to be dealing with governmental perspectives of the regulatory and licensing process and the problems the banks will have attempting to implement UIGEA’s provisions. On the down side, these bills had similar hearings in December 2009. Plus the fact that there is no mark up scheduled. Are we making any progress? Or are we just treading water? Only time will tell.
Secondly, the expected move by the National Indian Gaming Association to block Barney Frank’s bills from being passed has been put on the shelf for the moment. The resolution to block the bills was initiated by the Morongo Indians of California in an attempt to be the exclusive provider of internet poker in California. But the debate in the National Indian Gaming Association conference was very divisive. So much so that the decision was made to delay the action. The tribes of Southern and Eastern U.S. view the legalization of internet gambling as an opportunity to grow their markets. But the California tribes see it as a threat to their livelihood. The tribes of the Midwest and the Southwest have taken no stand as of yet.
Update: Just came in.
Postponed: Committee Hearing on Internet Gambling Regulation
Washington, DC – Due to a conflict in the Chairman’s schedule, the hearing entitled “H.R. 2266, Reasonable Prudence in Regulation Act and H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act-Governmental Perspectives” scheduled at 10 a.m. on Friday, April 16, will be postponed to a date and time to be announced later.
17 June 2010Virgin Group Setting Up New Game Site
Feel like a little online wagering? Feel like doing it all in the United States? Relax… the chance is here. Virgin Gaming, is announcing on Tuesday, at the E3 video game industry show, that it will be offering video gamers online, a chance to go head to head against others players online and win large cash prizes. To get around the US laws against gambling, they have to make sure that they label their games and games of skill and not chance. That way, it is not gambling.Read full article
16 June 2010Atlantic City Casinos Reject Intrastate Online Gambling
Everything was looking rosy for online gambling in New Jersey after the June 3 3-1 vote by the Senate State Government, Wagering, Tourism & Historic Preservation Committee to pass Senate bill S490 with very few amendments.Now, the very casinos that would most benefit from that very law, have announced through the Casino Association of New Jersey (CANJ), their trade organization, that they do not want the bill to pass. CANJ represents all eleven Atlantic City casinos.Read full article
13 June 2010New Danish Gambling Law Goes Back To European Commission
Due to complaints from land based gambling companies, the new Danish gambling law is headed back to the European Commission for further review.The complaint from the land based gambling companies is that the tax provisions of the new law are unfair.This comes following reports that Danske Spil, the former state online gambling monopoly, would have to abandon it’s online poker b2b deal with the world’s leading listed online gaming company, Party gaming.Read full article