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PR: IGC's STatement on Internet Gaming Regulation Legislation in the U.S.

Discussion in 'Casino Industry Discussion' started by Casinomeister, May 7, 2009.

    May 7, 2009
  1. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Statement by John K. FitzGerald, Chief Executive of the Interactive Gaming Council (IGC) On Introduction of Internet Gaming Regulation Legislation in the U.S.

    The IGC and its members enthusiastically endorse the legislation introduced by House Financial Services Committee Chairman Barney Frank and Rep. Jim McDermott to license, regulate and tax non-sports Internet gaming in the United States. We believe that licensing and regulation is the best way to protect minors and problem gamblers, while respecting the rights of adults to select their own entertainment choices. Today, dozens of countries employ such regulatory systems, and it is time for the U.S. to do so as well.

    We also thank Chairman Frank for taking an important step to address the flawed regulations that were finalized pursuant to the Unlawful Internet Gambling Enforcement Act. We believe that there is a better way for the U.S. to stop prohibited gambling, such as sports betting, without the burdens this regulation will impose on financial institutions and legal gaming operations.

    Rep. McDermotts legislation recognizes that, against the backdrop of massive federal deficits, IGC represents an industry that is asking to pay U.S. taxes; his legislation would provide a stream of revenue that can fund important programs or reduce the federal deficit.

    We congratulate Chairman Frank and Rep. McDermott on their leadership on these issues, and we look forward to working with them as they move the United States toward a rational policy of licensing and regulating Internet gaming.

    About the IGC (You must register/login in order to see the link.)

    Formed in 1996, the IGC is the leading trade association for the international interactive gaming industry with its membership operating or supplying services to the most reputable interactive sites on the World Wide Web. Based in Canada, the IGC champions initiatives that address the multi-various challenges and opportunities facing the internet gaming industry in order to ensure an environment of fair and responsible gaming.

    Interactive Gaming Council (IGC)
    Suite 175, 2906 West Broadway
    Vancouver, BC V6K 2G8 Canada
    Tel 1.604.732.3833 Fax 1.604.677.5785

    Toll free 1.866.936.7445

    You must register/login in order to see the link.

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