Posts Tagged ‘UIGEA’

Amendments Added To Casino Bill

Friday, August 13th, 2010

Just a few short days ago, Rep. Barney Frank finally had his day to be heard in Congress when the house and finances services committee passed Frank’s measure. The proposal that Frank brought to the table involved the regulation and licensing for online casinos in the United States. Although Frank has come up against much intense criticism and obstacles throughout his fight for getting this legislation passed for online casino gambling, now it seems that progress is being made and the momentum is finally on his side.

Many different politicians stepped into introduced several amendments to the original proposal and those were debated by several members of the committee. In the end, several of these amendments that have been proposed to supplement the gambling legislation were added into the mix.

One of the claims by one of the congressmen indicated that there should be a clause specifying that all sports betting including sports betting that takes place at online casinos is still illegal. It’ll be interesting to see how much this particular addition to the proposed piece of legislation will be taken into account when gamblers and sports betting fans go to their favorite online sites and try to play their hearts out and go for the glory.

This bill would effectively repeal all of the efforts set in place by the UIGEA. This comes as a major boost for the future of online casinos and gambling in America. It will be interesting to see how far Frank can progress from this point in time. The action is definitely heating up at this point in time.

UIGEA Goes Into Effect In America

Sunday, June 27th, 2010

While the idea of the implementation of the UIGEA has filled everyone’s hearts with dread within the United States industry of online casinos for a number of months or even years, it is now finally gone into effect. Its aim is to prohibit all financial institutions such as banks and credit card companies from being able to transfer funds to online casino and poker sites. Will the limitation of this law may come as a major blow to Internet casino gamblers in all corners of America, there are still many efforts being made right now within Congress to push for the repeal of the UIGEA and the implementation of laws that would regulate, tax and legalize activity at Internet casino sites.

Percent its creation, the UIGEA. has been a super controversial piece of legislation. It was past all the way back in 2006 but came across a number of bumps in the road that hindered its implementation for quite some time. The law states that no person engaged in the business of betting or wagering may knowingly accept unlawful gambling credit.

Unlawful gambling is defined as the process of placing, receiving or transmitting a bet or wager by means that involve the use of the Internet where such that or wager is unlawful. Although it may seem like a dark day for fans of online casinos in America, it is important to remain optimistic about what the future holds for online gambling in our country. There’s still time and opportunities for us to work hard to lobby and repeal this terribly ineffective and unfair law.

UIGEA Finally Gets Implemented

Thursday, June 10th, 2010

First long as it has existed in the minds of legislators in the United States government, the UIGEA has been a bane to the existence of online casinos and operators and players alike. Now this terrible and highly ineffective and unenforceable law has finally gone into effect. Its main aim is to prohibit financial institutions like banks and credit card companies from transferring funds to online casino and poker operations. This legislation has had a hot highly controversial history so far. It was past all the way back in 2006 and it has been the topic of much debate in chat rooms and Congressional hearings for quite some time.

One of the most controversial aspects about this particular piece of legislation that aims to curb activity at online casinos is that it places all of the responsibility and accountability on banks. Banks are supposed to be the ones in charge of recognizing where the payments are going and they will be sanctioned if they are found to be out of compliance with how the legislation is set up.

No person engaged in the business of betting or wagering should knowingly except unlawful Internet gambling credit in any form as set forth in federal regulation. For Internet casino gamblers and America, this definitely comes as quite a downer, but there is hope for the future. Several different Congressional representatives have come forward with alternative solutions in the form of promising legislation that aims to legalize and regulate and license and tax Internet casinos in the United States.

Poker Time Says No To U.S. Players

Thursday, June 10th, 2010

While it may seem like a rather random development too many insiders within the industry of online casinos, many people were not shocked when Poker Time decided to close down their doors when it comes to accepting the players who happen to reside within the United States. The online casino, licensed through Malta, indicated that they came to this difficult decision after the recent implementation of the Unlawful Internet Gambling Enforcement Act otherwise known as the UIGEA.

This is a development that American casino gamblers are very familiar with since it has happened many, many times. Since the poker time is powered by Microgaming’s high-quality and incredibly respected software, this really shouldn’t be too big of a shock for many people who’ve been following the ups and downs and the highs and lows for American players.

But for players who happen to live within the United States, all hope is not lost. There are still many online casinos that are happy to accept and welcome with open arms of American players no matter what the legal ramifications may be.

As the United States government moves closer and closer to coming to a solution in terms of possibly repealing of the UIGEA and a docking legislation that will serve to regulate and license and legalize Internet casino operations, there are many reasons to be opt cautiously optimistic at this point in time. Things are coming along at an even more rapid pace when it comes to individual state by state levels. Many countries and states such as New Jersey are making big strides in terms of getting legislation through Congress.

Frank’s Bill Finally Heard

Sunday, April 25th, 2010

Rep. Barney Frank has finally been able to have his bill heard by the House financial services committee. This hearing took place on April 16 and from this day forward, there could be major shifts in store for the future of the industry of online casinos in America. Although Barney Frank has been working toward making progress in this particular realm for quite some time, he the focus on his bill has been pushed to the back burner a number of times.

It is easy to understand why this has happened considering the fact that the United States has been battling with its healthcare programs, its ongoing wars in the nations of Afghanistan and Iraq and the horribly dreary economic recession that seems to have no end in sight. But now the time for Frank’s bill to be heard has come about at last.

This could mean some major shifts in the future from line casinos and many politicians and gambling operators throughout the world are taking note of what takes place once this event comes to pass. One of the main things that the bill aims to do is to tear down everything that the UIGEA has been trying to accomplish since it first was brought into effect.

Everyone who has a vested interest in this new bill has been fighting against the UIGEA for quite sometime since it is proven to be highly ineffective and all but impossible to fully execute. Casino gambling fanatics within America are super eager and excited about having their market opened up to them. For so long now it seems that so many doors have been shut to them in terms of Internet gambling and that could change very soon.

Frank Signs Two More Sponsors

Wednesday, July 15th, 2009

There is no doubt in anyone’s mind that at some point in time, Representative Barney Frank will indeed be successful in making sure that the online casinos of America are properly regulated and licensed. Now, the real question at hand is simply when he will be able to pull this off. Now is a tricky time for Congress to take any firm action in this regard. They are too busy arguing over whether or not they should issue some sort of commemorative official statement after the death of Michael Jackson. Granted, they are also engaged in trying to figure out how to manage the wars, the economy and global warming among other things. President Obama has a lot on his plate beyond just addressing the issues related to online casino gambling laws in the United States.

But Frank has moved forward another couple of steps in the process recently as he succeeded in adding two more sponsors to his bill, HR 2267. The bill he has proposed is meant to license and regulate online casinos in America. Now the two politicians who have signed on to give their support include Representative Edolphus Towns from New York and Representative Paul Hodes of New Hampshire. Two simple additions may not seem like much, but every little bit of support counts as Frank tries to advance his cause for casino operators and players across the nation.

Right now the bill is in a bit of a holding pattern in the House Financial Services Committee and it will most likely remain there until sometime in the month of September. But there are a great number of people who are eager and hopeful as they await a positive outcome to this long-awaited decision. This could be the next big step in bringing in a whole new industry for casino gaming in America, especially if they succeed in repealing the Unlawful Internet Gambling Enforcement Act. That is the real key toward moving on from this jumble of ridiculousness.

Exec Summit Ponders US Casino Future

Wednesday, July 15th, 2009

A lot of interesting ideas were explored in regard to the future of online casinos at the Gaming Executive Summit held in Madrid this past week. Everyone was eager to discuss what will happen with the pending online casino regulation in the United States. Everyone is curious to see how the whole debacle players out. Will Representative Barney Frank succeed in getting the Unlawful Internet Gambling Enforcement Act repealed once and for all?

Will he be able to get all online casinos properly licensed within America? These are all at the forefront of everyone’s mind heading towards the fall season of gaming. One executive from 888 indicated that the he would wager money on the fact that the United States will maintain some level of the protectionist agenda they have in place right now and that they will end up restricting the internet casino licensed to only companies that have their base in the United States.

Others, however, are more hopefully that casinos within America will be exposed to a more liberal and logical set of guidelines and that there will be a great and substantial departure from the impossible and horrific UIGEA. Of course, all of this was just mere speculation, but the issues are looking to be resolved sometime early this fall so everyone is on the edge of their seats waiting and wondering what the final outcome will be. The U.S. has received quite a lot of criticism from individual countries and also from the European Commission in regard to their horrible policies that allegedly go against the trade agreements that have been set in place.

EU Seeks Repeal Of UIGEA

Sunday, June 28th, 2009

Since the European Union has come out with its stance on what should happen for the future of online casinos within the United States, it seems that Representative Barney Frank is jumping to call attention to the increasingly international movement to get the Unlawful Internet Gambling Enforcement Act repealed once and for all. There are many forces at work in this battle. The anti-casino gambling activists are extremely vocal and well-connected politically, but the support for the effort to get online casino sites regulated, legalized and taxed within the United States is growing momentum on a daily basis.

Of course, many people were given a great deal of hope when President Obama came into office since everyone is under the impression that his stance toward online casinos will be much more positive and transparent than the dodgy and constitution-bending style that the Bush Administration addressed this issue with. The European Union has stated that they are against the current policies that America has in place because they discriminate against casino sites that are owned by businesses outside of the United States.

This essentially serves to violate the global trade compacts that everyone relies on to keep the international business exchange fair and upright. The Bush Administration stepped all over the global trade rules with the UIGEA and the EU is calling on Obama to make it right. Of course, he has a lot of important issues on his plate right now so it will be interesting to see how long it takes for the current administration to address the casino gambling situation in America.

Court Date Set For IMEGA Case

Saturday, June 27th, 2009

It seems that the fate is closer to being sealed as far as the iMEGA legal battle against the Unlawful Internet Gambling Enforcement Act. The court date has officially been set with the United States Third Court of Appeals for the 7th of July. It will take place in Philadelphia.

The case will see Interactive Media Entertainment and Gaming Association and their legion of attorneys going head to head with lawyers who will be representing the United States Department of Justice. Many people in the industry of online casinos were incredibly shocked with the outcome of the battle between the United States Department of Justice and PartyGaming so it will be very interesting to see how this ends up turning out.

The United States Department of Justice will be working hard to defend the merits of the UIGEA and the laws currently in place to protect American society against the evils of online casinos. The online casino gambling ban has been under fire from a wide variety of different activist groups and individuals as well as powerful bodies like the European Union. Everyone is pushing for the repeal of the UIGEA and some brand new comprehensive internet casino legislation and regulation.

In this particular trial, iMEGA will be arguing that the UIGEA should be disregarded because the language within the law as written is too vague to be a decisive and determining end-all be-all law that wields such a vast level of power over casino operators in America. There have been several hiccups and outright hassles associated with the UIGEA that will serve to aid iMEGA in building their case. Nonetheless, this case will bring about an interesting point of reference for the reform movement of casinos in America.

EU Demands Casino Reform From U.S.

Saturday, June 27th, 2009

The ban of online casinos within the United States has been receiving a great deal of criticism for the ineffective and illogical policies that are in place. Many of the naysayers are politicians and gaming activists within the United States but there are other international operators and organizations that have come out to speak against the horrible policies also. One such body is the European Union. The EU has started to try to throw its weight behind the online casino reform efforts in America that have been led extensively by Representative Barney Frank.

Since the United States has a considerable amount of interest in maintaining strong relations with the European Union in terms of keeping up a consistent feeling of goodwill and also in regard to maintaining strong trade relationships, it is in America’s best interest to heed the suggestions thrown out by the EU as far as online casinos are concerned.

The EU has come out with some urgent suggestions that the United States needs to end its efforts to place some sort of lockdown prohibition on the online casino gambling market in America because keeping it going is in direct violation of international trade agreements that every country invested in the relationship between America and the EU are intensely concerned about.

The United States Justice Department and the Bush Administration have seemingly done everything they can to block internet casino gambling within the United States. For the most part those efforts have been largely terrible and ineffective. Still just their mere existence is not good for EU-American relations and that needs to be addressed.

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