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Gambling: Is Jon Kyl Punishing the US Treasury
1/12/10 - Incredible as it may seem in these challenging financial times, the United States Treasury still lacks an Under Secretary of the Treasury...and critics are blaming it on Internet gambling's arch-foe, Arizona Senator Jon Kyl.
While the accusation remains unconfirmed, the publication National Journal claims that Kyl is holding up appointments for officials in key international finance and tax offices....and incredible as it may seem, this may be due to his disappointment that the ban on Internet financial transactions with online gambling companies has not been implemented.
Kyl was a major driver of the UIGEA legislation rammed through Congress in 2006 on the coat tails of an unrelated security law, and he has since fiercely opposed successful attempts to delay the regulations supporting the controversial law until mid-2010.
The political manouevreing of the Senator from Arizona around the confirmation of nominees to work at the Treasury Department has drawn major criticism from both liberals and conservatives, the National Journal reports.
Confirmation of the disquiet the appointment delays are causing comes in the comments of ex-head of the Federal Reserve, Paul Volcker, who is quoted as saying on a talk-show: “Here we are on December 29, almost a year after the [Obama presidential] Inauguration, and there is no Under Secretary of the Treasury.
"How can we run a government in the middle of a financial crisis without doing the ordinary, garden-variety administrative work of filling the relevant agencies?”
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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