- America will Regulated Online Gambling Soon| Leave a Comment
A new bill has been introduced in the United States Legislators in the US have proposed a bill which could make online gambling a regulated activity charging the operators a 2% licensing fee on the monthly receipts. Republican Senator Judd Gregg and Democratic Senator Ron Wyden put forth the tax proposal together in the US [...]
- Legalize online gambling in U.S.| Leave a Comment
Backed by the online poker industry, U.S. legislators are gearing up for a big push to legalize Internet gambling before the end of a six-month reprieve, according to a report in the Washington Post. After Sen. Barney Frank (D-Mass.) successfully fought for the six-month period to prepare a proposal to regulate the booming industry, which [...]
- Poker Hearing: Lots of Talk, Little Accomplishment| Leave a Comment
Yesterday’s hearing to discuss the future of Poker turned into one major debate regarding the potential legalization of the Poker industry. Various experts took the stand to testify, some were for the regulation of Poker which others were against it. During the course of the hearing, no real progress was made with regards to dissecting [...]
- Poker Hearing Could Determine the Future of US Poker| Leave a Comment
December 3rd marks a big day in Poker, because it’s the day that a major hearing begins that could potentially shape the future of Poker and further delay the enforcement of the Unlawful Internet Gambling Act. Although initially the UIGEA was set to go into enforcement on December 1st, stopping banks from processing internet gambling [...]
- Great news for Online Casinos| Leave a Comment
On Friday the US Treasury Department made a decision to delay the implementation of the Unlawful Internet Gambling Enforcement Act that was due to go in to effect on December 1, 2009. This new delay that has pushed the implementation of UIGEA Regulations back to June 1 2010 is a great relief for online casino [...]
- Online Gambling ban Delay being considered by the US Treasury| Leave a Comment
A number of letters sent to the US Department of the Treasury has triggered action to be taken about the impending enforcement of the UIGE A set to take hold on December 1st. Nineteen congressmen – the Poker Players Alliance, the American Greyhound Track Operators Association and the National Thoroughbred Racing Association are behind the [...]
- Online Gambling Could Bring in $42 Billion| Leave a Comment
Last week, a new Congressional report estimated that the regulation of Internet gambling could bring in up to $41.8 billion in revenue in the next 10 years. Rep. Jim McDermott (D-WA), one of the co-sponsors of Rep. Barney Frank’s (D-MA) legislation to explicitly legalize and regulate online gaming, announced the findings, which were conducted by [...]
- Regulated Online Gambling and Gambling Problems| Leave a Comment
Barney Frank has already introduced legislation that, if passed, would regulate online gambling in the US. That development has some gaming experts wondering what effect regulated Internet gambling will have in the workplace. “Already there is a significant number of gambling options available that have created slow downs in production at offices all across the [...]
- Barney Frank Asks Government to Delay UIGEA| Leave a Comment
The online poker industry is inching ever closer to what could be an earth-shattering day. On December 1st, the Unlawful Internet Gambling Enforcement Act officially comes into effect. The law will force banks to vet their financial transactions to ensure that they are not moving money to and from proprietors of “illegal online gambling”. This [...]
- PayPal will still not process payments from US customers| Leave a Comment
PayPal, like many other companies, was scared away from the online gambling industry in the US. The popular payment processor was stopped by its parent company, eBay, from accepting payments for online casinos in the US. Now, however, the company is back in the online gambling market. The company signed a deal to become a [...]
- Betonsports Executive David Carruthers Withdraws Guilty Plea| Leave a Comment
The chief of Betonsports, David Carruthers, has been detained for three years under house arrest. After three years of being under house arrest, British online gambling executive David Carruthers has changed his guilty plea, a few days before he was to be sentenced by a court in the US on racketeering charges. Carruthers was charged [...]
- Safe and Secure Internet Gambling Initiative| Leave a Comment
The Safe and Secure Internet Gambling Initiative launched a new online advertising campaign today in support of the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), legislation that would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S. The ads advocate regulating Internet gambling [...]