UIGEA Delay Rumored
November 26, 2009 (CAP Newswire) — Although it hasn’t yet been officially confirmed by any U.S. government official — an important factor to keep in mind — many sites are nonetheless reporting that the U.S. Treasury Department has agreed to delay the implement of the Unlawful Internet Gambling Enforcement Act (UIGEA), the law that essentially outlaws online gaming in the U.S., just days before it as to be implemented. (And just in time for the American holiday of Thanksgiving, as well.)
The source is cited as iMEGA, although that organization hasn’t posted official word on its website. (That may be because of the holidays, however.) At any rate, plans are proceeding for a December 3 hearing in which Barney Frank will present the case for his bill, which seeks to overturn the UIGEA and create a new framework for regulated online gaming in the United States. Still, if the rumors are true, this will buy Frank and his colleagues a bit more time to finish their efforts in Congress.