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http://www.techweb.com/showPressRelease.jhtml?articleID=X602019
What the poker alliance has to say…
do you guys thisnk this Bill will stop the UIGEA enforcement for a while (as it should be enforced by mid July) ?
How long does it normally take to pass or reject a bill like this or is that an unanswerable question.
Im just trying to figure out if its bought us some extra months before UIGEA is enforced (assuming the bill doesnt get pa$$ed)
One of our jounalists just finished an exclusive interview with Barney for the next issue of iGaming Business – If you don’t subscribe to the magazine I can email you a copy of the article once it’s designed. Just pm me – A sample of the interview can be found on http://www.igamingbusiness.com/article-detail.php?articleID=13446
One of our jounalists just finished an exclusive interview with Barney for the next issue of iGaming Business – If you don’t subscribe to the magazine I can email you a copy of the article once it’s designed. Just pm me – A sample of the interview can be found on http://www.igamingbusiness.com/artic…rticleID=13446
Hey that looks alot like Gambling911’s article
Do you consider the current state of affairs preferable?
HELL YES!
you open up the market in the terms as have been explained on this forum and we as affs are dead in the water!
so are most our sponsors.
perhaps the SEOers are going to be okay to some extent. only the very biggest and best.
I see no light at the end of such a tunnel….. whether the Prof made more money in retail or not.
all due respect Lou.. i fully disagree with you on this.
Hey that looks alot like Gambling911’s article
It’s neither gambling911’s nor igamingbusiness’ but a cut-and-paste from the press release: http://www.house.gov/apps/list/press/financialsvcs_dem/questionandanswer.pdf
This bill would provide the Director of the Financial Crimes Enforcement Network (FinCEN) with the exclusive authority to establish regulations and license Internet gambling operators.
So the FinCEN will issue licenses. I am sure all the various gambling boards / commissions are going to oppose this? It encroaches their territory or am I missing something? Surely this is opening a political hornets nest?
Stupid wrote:It’s neither gambling911’s nor igamingbusiness’ but a cut-and-paste from the press release: http://www.house.gov/apps/list/press/financialsvcs_dem/questionandanswer.pdfJust spoken with my editor – The questions used in the press release were provided by iGaming Business and wern’t supposed to be made public until they were printed in iGaming Business. They only used a few of the questions in the PR and Michael (editor) spoke with Barney again last night and did another interview with extra questions so no worries the article is exclusive and apparently it makes very interesting reading.
If you do want a copy then just PM me.
“The United States deregulated Internet gambling last year when they passed the UIGE Act, now they are proposing to regulate the industry with the same regulations that were in place before they intervened in the first place. “
That’s from an article just written on CGW. Thought it was an interesting take on Frank’s new bill.
“The United States deregulated Internet gambling last year when they passed the UIGE Act, now they are proposing to regulate the industry with the same regulations that were in place before they intervened in the first place. “
Actually thats not true. The online Gambling industry was never regulated here in the States. It was more of a ignore the industry attitude. The Fed’s didnt really like it, but they ingnored it just the same.
I think the point is that just because the US wasn’t regulating the industry, doesn’t mean the industry wasn’t regulated. Why does the United States government have to regulate it in order for it to be ‘properly’ regulated? I think that’s quite arrogant.
I have to agree, the industry is regulated (although not by USA), and it is regulated much better than the dog food is…:Nod:
Hi again all,
I keep reading more and more trying to find the upside to this new legislation and I don’t see it.
I fear what will happen is there will be a large amount of areas that will “opt out” of allowing online gaming to protect the land based casinos and as such …. its merely going to create more .. not less amounts of areas that can reach and actually play online.
what am I missing?
BBWebs,
I dont think it will go that far. You think about it this Law is a farce and only there to get the banks out of hot water when it comes to the UIGEA. Let say it does pass and it idemnifies the Banks from Gambling Transactions. It’s still a felony for Affiliates to promote the books according to the UIGEA, within the next 3 months the ISP’s supposed to still put a IP Ban on all offshore casinos. There is nothing about this law that negates those two aspects of the UIGEA legislation. Read it this pending legislation (at this point) Does Not repeal the UIGEA. It just says its ok to do financial transations, nothing about lifting the IP ban or promoting SB’s
Hi again,
http://www.house.gov/apps/list/press/financialsvcs_dem/questionandanswer.pdf
the above link (i couldn’t figure out how to copy and paste the part i worry about) but read the section titled “inian tribe casinos”
one other thing.
are there two separate issues going on? I read the above article and it basically is doing a lot more than just repealing the IUGEA law.
is there a movement to repeal the new law …… and then another separate issue to implement the stuff in the article (at the link provided above).
If so …… then I’m with the Prof . that would be a good thing. but if all this other stuff takes its place … I worry very much especially about the “opt out” deal in the section about Indian tribe casinos in their geographic region. That can amount to one heck a lot of area.
