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13 CONGRESSMAN SUPPORT HOLD ON UIGEA REGS
Political interest in HR 2266 - the Reasonable Prudence in Regulation Act proposed by House Financial Services Committee chairman Barney Frank - is reportedly growing, with 13 Congressmen and women already signed on a co-sponsors.
Launched on May 6th, the proposed legislation seeks to suspend the much delayed and controversial operational regulations supporting the Unlawful Internet Gambling Enforcement Act to December 2010 until more clarity is achieved and the outcome of a further bill proposing to regulate and licence online gambling in the USA is known.
Sponsors for HR2266 so far include:
Shelley Berkley (D-NV)
Tim Bishop (D-NY)
Joseph Crowley (D-NY)
Bob Filner (D-CA)
Michael McMahon (D-NY)
George Miller (D-CA)
Steven Rothman (D-NJ)
Bobby Scott (D-VA).
Ron Paul (R-TX)
Carolyn McCarthy (D-NY)
James Moran (D-VA)
Charles Rangel (D-NY)
Congressman Frank's main attack on the UIGEA, his HR 2267 Internet Gambling Regulation, Consumer Protection, and Enforcement Act introduced on May 6, has currently signed 26 co-sponsors - early days, but well short of the 43 co-sponsors Frank signed up for his previous and unsuccessful attempt to overthrow the UIGEA.
Industry observers hope that the current HR 2267, which supports the autonomy of individual states, excludes sportsbetting but seeks to legalise and regulate online gambling in the United States, thus rendering the contentious UIGEA largely redundant, will have a better chance of success. This is due to a more enlightened Democrat-controlled Congress and individual states keen to find new sources of tax revenue to combat the recession.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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