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Early May Introduction For Anti Uigea Bill
Making headlines across the USA and online media this morning is a story from the Reuters news agency confirming that Congressman Barney Frank's next attempt to overturn the Unlawful Internet Gambling Enforcement Act will take place early May.
Speaking at the Reuters Global Financial Regulation Summit in Washington yesterday, Frank, who is chairman of the House Financial Services Committee, said that he planned to introduce a bill next week to overturn a three-year-old US ban on Internet gambling. Frank said final drafting on the bill was being completed this week.
The legislation faces strong opposition from national sports leagues spearheaded by the NFL, rightist Christian and conservative groups and some Republican politicians.
"We'll be introducing it next week and I plan to move on it," said Frank, a senior Democrat.
The bill had been expected earlier, but Frank said his committee has been busy with other measures addressing the credit crisis and proposals to reform financial regulation.
The European Commission, said late last month in a draft report that a US Justice Department crackdown on European online gambling companies violated US commitments under the World Trade Organisation.
But the commission, which oversees trade policy for the 27-nation EU bloc, said it would seek a negotiated solution with the United States rather than file a WTO complaint.
EU online gambling firms lost billions of Euros in value after the US Congress in 2006 made it illegal for banks and credit card companies to make payments to online gambling sites.
Republicans controlled the White House and Congress when the law was approved. Now, Democrats are in control in both branches of the government, but it is unclear how the Obama administration will handle the issue.
Speculation on whether the bill will gain sufficient traction to be effective has been intense over the past two weeks, with mainstream media taking an interest in the issue, and debate on whether cash strapped individual states are likely to view Internet gaming in a more favourable light as a source of tax revenues.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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