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FRANK HOPES FOR BETTER U.S. INTERNET GAMBLING LEGISLATION

Online gambling's leading US legislative supporter, Congressman Barney Frank, is ready to again throw his hat into the ring in trying to bring some consistency and fairness to US political positions on Internet gambling. Frank, a Democrat who chairs the House Financial Services Committee, has confirmed that he will re-introduce legislation favourable to online gambling to a political scene that has radically changed following the inauguration of President Barak Obama.
 
In an interview with the UK Financial Times this week, Frank confirmed his intention to re-energise his legislative

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proposals in the near future, and commented on the the possibly different political tone now that the draconian Bush administration has passed on.
 
Frank told the FT: “I expect an Obama Department of Justice to be less zealous about locking people up. These outrageous arrests in transit – they should be stopping that stuff.”  The comment was clearly a reference to the long incarceration of ex-BetonSports exec David Carruthers, apprehended whilst passing through an Amercian airport well over two years ago and still under hourse arrest and untried, and to Peter Dick, non-executive chairman of Sportingbet who was lucky to escape a similar fate.
 
The Financial Times noted that "public opinion was demanding the right to gamble online,” spurring Frank’s decision to reintroduce legislation. The proposed bill may take on a similar form to HR 2046, which proposed a licensing, strict regulation and taxation regime in United States.
 
Frank also hinted that the controversial UIGEA regulations, rammed through in the dying days of the Bush administration, may also come under review in terms of the Midnight Rule Act introduced recently by Representative Jerrold Nadler . The regulations, widely criticised for a lack of precision and resisted by the financial institutions required to enforce them, support the UIGEA, which seeks to disrupt US finanacial transactions with online gambling entities.

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Gambling News :

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.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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