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UIGEA news!
http://www.egrmagazine.com/item/1669
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dominique Casino Games Online Casinos for US players New Online Slots Video Clips on the US Gambling Prohibition "Gambling itself will only end when human nature has changed completely and there are no more bets to win." -Harold S. Smith Sr., I Want to Quit Winners |
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Finally - a step in the right direction!
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Affiliate Guard Dog |
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It is quite encouraging though, our side will likely be heard a lot more because of it, and action is indicated in the future. Also allows the lobbies to watch for support...
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dominique Casino Games Online Casinos for US players New Online Slots Video Clips on the US Gambling Prohibition "Gambling itself will only end when human nature has changed completely and there are no more bets to win." -Harold S. Smith Sr., I Want to Quit Winners |
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Pity
Pity about all those casinos that exited the market, screwing over the newly "unwanted" players in the process, in the belief they didn't really matter as they would not be playing again!
It will just take the repeal of the amendment to the "Safe Ports" act to place the industry back where it was early last year, US banks are not going to waste money continuing to enforce measures that appear to be losing support, and could well be completely reversed in a year or two. Hopefully, even this might be enough to unlock the stalled funds of US players that have become entangled in the current mess. Barney Frank has poked his head above the parapet, politically speaking, and is probably waiting to see if any of his opponents try to shoot it off, before making more concrete moves on this. Non-US players should also be pleased, as it means the possibility of a secure future for the better run operations, and the reign of the rogue jumping into the US fray could be short lived.
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http://www.vinylweatherman.net The unbelievably out of date guide to Fruit Machines on the UK Motorway network. |
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Barney Frank?
I'm glad to see the casinos are obviously lobbying now. I wish this were someone else than Barney Frank. I think he's a good legislator, but having Barney Frank be the public face of repeal efforts could do a lot more harm than good in conservative ole USA.
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AP is now confirming this.
http://biz.yahoo.com/ap/070314/inter....v=4&printer=1 Rep. Frank Eyes Web Gambling Ban Repeal Wednesday March 14, 6:49 pm ET By Matthew Perrone, AP Business Writer House Finance Chair Frank Considering Proposal to Repeal Online Gambling Ban in U.S. WASHINGTON (AP) -- The chair of the House Financial Services Committee is considering legislation that would overturn the ban on online gambling passed last fall. A spokesman for Rep. Barney Frank, D-Mass. said Wednesday the congressman may introduce a bill to reverse the Internet gambling law, but he stressed there is nothing concrete yet. "There's no draft, no text -- this is very much still in the thinking stage," said spokesman Steve Adamske. The Financial Times quoted Frank Wednesday saying that the law, formally known as the Unlawful Internet Gambling Enforcement Act, is "preposterous" and one of the "stupidest" ever passed. Attached to a larger security bill last October, the act makes it illegal for U.S. banks and credit-card companies to process payments to online gambling businesses outside the United States. The legislation caught many British-based companies off guard, causing companies like Sportingbet PLC and Leisure & Gaming PLC to sell their U.S. operations. Poker Players Alliance, a lobbying group pushing for a repeal of the ban, earlier this month hired former Republican Senator Alfonso D'Amato to chair its board. The group, primarily funded by online gaming businesses, was formed in 2005 to oppose regulation of Internet gambling in the U.S. However, Frank likely would need more than a strong push from industry to overturn current law, says Anthony Cabot, a lawyer who specializes in gaming issues. "It's very difficult to get legislators to support something that could be perceived as pro-gambling, particularly at the federal level," Cabot said. "I think the congressman has a difficult battle ahead of him." A spokesman for Partygaming PLC, the largest online poker business in the world, declined comment on Frank's remarks. The Gibraltar-based company released 2006 earnings earlier this month of $128.4 million, down $293.2 million from the prior year. Shares of British gambling firms jumped Wednesday on speculation that they could eventually re-enter the U.S. online gambling market, which had revenues of $5.8 billion in 2005. Shares of Sportingbet rose 3 pounds, or 5.4 percent, to 58.75 pounds ($113.70) on the London Stock Exchange while Partygaming rose 4.75 pounds, 12.5 percent, to 42.75 pounds ($82.76). Leisure & Gaming shares fell 25 pence, or 2.5 percent, to 10.25 pounds ($19.83). |
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dominique (15th March 2007) | ||
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i hear what you're saying, but Frank has already had his 15 minutes of sex-scandal fame and survived so he's actually less vulnerable to attack now as there is no Fox News shock value.
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Sorry to burst you people's bubble but this story is nothing but that, a story.
According to Barney Frank's office this morning they have no idea where this story came from and that none to reiterate NONE of it is true. It sure would be nice to have people start fact checking these stories for accuracy. Sheesh! Have a good one. |
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![]() Hey dude, you need to answer my PM.
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