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Anti Uigea Bill Delayed

Industry observers will be disappointed if a columnist in the respected Poker News publication is correct this week - he has advised that Barney Frank's latest challenge to the Unlawful INternet Gambling Enforcement Act, along with other proposals, has been delayed by "logistics" and will possibly not be introduced before the end of April as anticipated.
 
In a "not for attribution" discussion Friday with House Financial Services Committee staffers, the well informed Poker News columnist Denis Campbell writes that the Frank bill sits, as does all legislation, in a queue waiting for review and committee member amendments.
 
Campbell explains that as is often the case in Washington DC, two other issues jumped ahead of it by

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making headlines this week. Bankers were roundly chastised by President Obama in a face-to-face meeting for their predatory credit-card pricing increase practices. Headlines showed banks receiving TARP bailout funds were punitively (and without notice) doubling or more than doubling the rate charged to consumers. That prompted lawmakers to immediately jump on the publicity-fueled bandwagon to pass legislation to change the start date of new Federal Reserve rules regarding credit cards scheduled to take effect in 2010.
 
There is a bill coming through on Monday that will have even more draconian regulation of banks and bankers, and the toxic mortgage bailout bill was already in committee ahead of this bill and nearing its final mark-up. The congestion is acute and there is just one grossly overworked legislative legal counsel currently handling the drafting of all three bills.
 
Speaking on background, committee staff told Campbell that the credit-card and mortgage bills are taking natural precedence. They expect action this coming week and hope to be in a position to reintroduce the online gaming bill in the coming fortnight.
 
Campbell was told that there had not been too many changes to the last Frank bill attempting to regulate, licence and tax online gambling and that it was therefore expected that there would not be much opposition in the bill to states “going their own way” on the issue.
 
"So online gaming will be subject to both federal and state taxation and we can rest assured that it will also have a strong regulatory structure. That is a trend garnering momentum, as seen with the Netherlands, who made recent headlines on their plans to regulate online gaming," Campbell writes, but he warns that opposition to the bill from the usual suspects like the NFL and fundamentalist Christian groups can be expected.
 
"The NFL is against all gambling on games in which they don’t get a slice of the action, under the pretense of shielding their young, impressionable players, while the Christian far right holds that gambling is a sin and leads one down the path to destruction," he writes.
 
"One thing for certain: It will not likely be fast-tracked enough to make it through the bill-signing and regulatory process in time for the World Series Of Poker, but it would be a nice Christmas present for gamers everywhere, to have those American fish back in the online pond in a formally regulated way."

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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