- PPA Requests for Online Poker Exemption from UIGEA Regulations| 1 Comment
The deadline for the implementation of the Unlawful Internet Gambling Enforcement Act is getting nearer, and due to this the Treasury Department and Federal Reserve Board has received a petition from the PPA or Poker Players Alliance. The PPA has asked the board to make clarifications on the regulation on Unlawful Internet Gambling Enforcement Act [...]
- 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 [...]
- 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 [...]
- UIGEA Won’t Go into Affect for At Least 6 More Months| Leave a Comment
Professional Poker players, casual card players, and especially those who run online gambling sites that cater to a US clientele have been shaking in their boots with the December 1st deadline for enforcement nearing, but it looks like those fears can be put aside, because the date will be pushed back another 6 months. The [...]
- UIGEA is going to be delayed six months| Leave a Comment
iMEGA Chairman Says UIGEA Will Be Delayed There is no official word from the powers that be in Washington D.C. at this time, but Interactive Media and Gaming Association (iMEGA) Joe Brennan says an announcement that full enacting of the Unlawful Internet Gambling Enforcement Act (UIGEA) is going to be delayed six months. Sources say [...]
- 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 [...]
- PartyPoker Prepares to Take Over Again| Leave a Comment
The acquisition of the World Poker Tour was just announced this week, and PartyGaming, the group behind Party Poker is taking this opportunity to move in and attempt to take over the world of Poker once again! PartyPoker is a big name online that most have heard of, but unfortunately for Americans, it’s also been [...]
- Is Online Poker in the US About to Grind to a Halt?| Leave a Comment
Online Poker in the US just might be put on the backburner, as of December 1st the Unlawful Internet Gambling Act will be enforced. Although it’s a bill that was initially passed in 2006, it’s taken some time to figure out how this is a bill that will be enforced. Officially, as of December 1st [...]
- 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 [...]
- Online gaming company Party Gaming for sale| Leave a Comment
The co-founder of PartyGaming, who faces sentencing next year for violating US gambling laws, is to sell his stake in the online gaming company. Anurag Dikshit’s holding company said yesterday it had sold two-thirds of his 27.6 per cent stake to institutional shareholders, taking his holding down to 9.4 per cent. A spokesman for 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 [...]
- Party Poker Sponsoring the World Series of Poker| Leave a Comment
Everyone had just assumed that when the UIGEA was passed, that there would be no poker room advertising at all at the 2007 World Series of Poker. The fact that Party Poker just re-upped and renewed their deal with Harrah’s for the 2007 World Series of Poker just shows you that the online poker industry [...]
- The New Anti-Internet Gaming Law| Leave a Comment
Senator Bill Frist (R.- TN), focuses on other things than trying to become president. Frist, the majority leader of the U.S. Senate, used his position of power to ram through the Unlawful Internet Gambling Enforcement Act of 2006. He didn’t even give the members of Congress a chance to read the bill. They were told [...]