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Tomorrow it will be 270 days since the Unlawful Internet Gambling Enforcement Act was signed into law by the President of the United States, and the deadline by which the Secretary of the Federal Reserve System, in consultation with the Attorney General, must set down regulations to identify and block restricted online gambling transactions.
We have until the end of tomorrow to see whether the Federal Reserve and the Attorney General will stick to this deadline, but we are not far from learning exactly how the US Government intends to restrict its citizens online gaming activities.
For the management of online gaming companies that continue to provide services into the United States, these must be nervous times. We have already witnessed several cases which demonstrate that the US government will not shy away from pursuing the executives of such companies, or their financial transaction providers, and the regulations of the UIGEA will give them yet another weapon in their war on online gaming.
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Oh dear – make or break time for some of us! I might sell up everything, but SEDO domain appraisal have taken my money and claimed they never received it, grrr.
Well, it will be an interesting day for sure….
