The Time To Repeal UIGEA IS Now
27 March 2010
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 Internet
Gambling 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. Internet sports betting is not included in this legislation. HR 2267 has 66 cosponsors.
There is another bill on the horizon, the Bipartisan Tax fairness and Simplification Act of 2010, cosponsored by Ron Wyden (D-OR) and Judd Gregg (R-NH). The bill is really written as a way to simplify the tax code, but it has thing quite interesting about it. Similar to the way UIGEA was snuck through and passed through the Safe Port Act, this bill has a provision pushing for the legalization of internet gaming.
Time is running out for congress to act. The enforcement of the provisions of UIGEA was postponed until June 1st of this year. If nothing changes before that date, the provisions of that legislation will be enforced.
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