Any word on UIGEA Implementation at Banks??

[Mousey]

Anyone have a source who works in a bank who has seen anything official from the feds about 'if you (the bank) process a transaction to/from an online gaming casino you're going to get fined/arrested/jailed/drawn and quartered' (UIGEA)?

Who's in charge of seeing that everything is in place in US banks to police transactions? The Treasury Dept? Shouldn't we, whose bank accounts and transactions are to be monitored, be notified of the full implementation of this new law?

 

[LaurieJim]

Anyone have a source who works in a bank who has seen anything official from the feds about 'if you (the bank) process a transaction to/from an online gaming casino you're going to get fined/arrested/jailed/drawn and quartered' (UIGEA)?

Who's in charge of seeing that everything is in place in US banks to police transactions? The Treasury Dept? Shouldn't we, whose bank accounts and transactions are to be monitored, be notified of the full implementation of this new law?

i got a call awhile back from my bank.it showed the transc. comming from a casino and they were not pleased at all. my branch manager said anymore and i would lose my banking account thats why i look for casinos that take western unions or moneygrams.ive since changed to a smaller banks. beware of the larger banks they look for stuff like that.

 

[dominique]

Tomorrow

Tomorrow it will be 270 days since the Unlawful Internet Gambling Enforcement Act was signed into law by the President of the United States, and the deadline by which the Secretary of the Federal Reserve System, in consultation with the Attorney General, must set down regulations to identify and block restricted online gambling transactions.

We have until the end of tomorrow to see whether the Federal Reserve and the Attorney General will stick to this deadline, but we are not far from learning exactly how the US Government intends to restrict its citizens online gaming activities.

For the management of online gaming companies that continue to provide services into the United States, these must be nervous times. We have already witnessed several cases which demonstrate that the US government will not shy away from pursuing the executives of such companies, or their financial transaction providers, and the regulations of the UIGEA will give them yet another weapon in their war on online gaming.

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[dominique]

According to sources that G&C has (can't name) UIGEA is either going to come out with some guidelines this month or will be stranded for a long, long time, like so many other unenforcable or capriciously enforced laws.

There is no consensus at the time, and the current political climate in Washington makes it very likely that UIGEA will remain stranded.

Both Frist and Frank are pushing their agendas, and Frank continues to gather new support while Frist has stagnated.

Add in the general "rebellion" by the democrats and a disenchanted departmant of treasury and you have the makings of an unenforcable law.

UIGEA being rendered unenforceable will give the Frank bill a huge push.

 

[SlotsWizard]

UIGEA is either going to come out with some guidelines this month or will be stranded for a long, long time

Does anyone know if there any sportsbooks that are offering bets on which way it goes?