Online Gambling Bills To Be Heard Next Week
10 April 2010
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. The hearings will focus on, among other things, the problems banks will be facing trying to implement the provisions of UIGEA.
Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative, stated: “This hearing will provide further evidence that UIGEA is a poorly-crafted law that simply does not work”. He goes on to say that a more common sense method of protecting the American people is needed.
Among the many provisions of the bills, are ones to further delay the implementation of UIGEA, and to create a regulatory framework for online gambling to work within, subject to government oversight. The Consumer Protection and Enforcement Act also allows the individual states to decide for themselves whether to allow online gambling within their borders or not.
Coincidentally, next week is the Washington DC Ante Up For Africa charity tournament, being held in the capitol on April 14th. Joining the many professional poker players will be Senator Robert Menendez (D-NJ) and Rep. Jim McDermott (D-WA).
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