Barney Frank's UIGEA Ammendment Delayed Until the Fall

The hearing which was widely hoped in the Poker and online gaming community would pave the way for legalized and regulated Internet gambling in the US, has now been put back until September at the earliest. The PPA, who are working with Frank in paving the way for legalised Poker, had previously announced a rally in Washington for July and to coincide with the hearing of Barney Frank’s legislation.
The hearing on online gambling bills was due to take place before the US House Financial Services Committee, which Frank heads, but now the commitee has had to delay things and turn theit attentions to more pressing concerns over the US and world economy. Frank had anticipated possible delays and reassured the millions of people who support online gambling sites not to be overly concerned about the timing and that he was confident the bills would eventually get passed.
In 2006, the Internet Gambling Prohibition and Enforcement Act, and H.R. 4411, the Goodlatte-Leach Internet Gambling Prohibition Act were passed in the House of Representatives. Part of these acts include the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA) and ‘prohibits the transfer of funds from a financial institutions to an Internet gambling site’. As a result all London Stock Exchange listed online gambling sites have stopped taking US customers although some non listed stock exchange companies have continued to do so.
Throughout his career Congressman Barney Frank has championed people’s civil rights and liberties and in 2007 introduced a bill to overturn elements of the legislation which he said ” is an inappropriate interference on the personal freedom of Americans”.
Barney Frank’s efforts are seen to be gaining support in Congress with many politicians on both sides of the House coming out in support for his bill. It has also been widely observed how other countries around the world have successfully managed to legalise and regulate online gambling sites and been able to benefit from the millions of tax revenues received. Previous attempts to change the UIGEA were opposed, particularly by old style Republicans but with old stalwarts from that camp now coming out in support of Frank’s bill, notably Young, one of the longest serving Representatives in Washington, the momentum looks to be finally changing.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to