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Barney Frank to launch another legislative attack on Uigea

Barney Frank, the Democratic Party's chairman of the House Financial Services Committee and a strong supporter of legalising online gambling in the United States, is preparing to launch another legislative attack on the controversial Unlawful Internet Gambling Enforcement Act, according to a Reuters report as the week ended.
 
Frank has been a consistent opponent of the Act, which disrupts financial transactions with online gambling companies and has caused billions of dollars in losses in European companies, major foreign trade hassles for the USA and extra work for a confused and already over-extended financial services industry charged with enforcing the act.
 
Passed in a late night session of a Congress about to go into recess, and attached to a completely unrelated "must pass" security bill, the UIGEA has been controversial and widely criticised from its inception in late 2006, when it was signed into law by former US president George Bush, precipitating an exodus from the US market of major publicly listed and reputable gambling groups.
 
Government agencies trying to draft regulations supporting the politically ill-considered law subsequently admitted difficulty in framing sufficiently precise provisions, causing the drafting process to go way over deadlines, and a last-minute rush by an outgoing administration to bring the regulations into force.
 
Although the regulations have been in place for only a few weeks, the adverse impact of a confusing law (the lack of a  definition of "illegal gambling" is a major fault) is already being felt as a financial services industry that is already under pressure errs on the side of caution in blocking "illegal" transactions.
 
This week a member of Congressman Frank's staff confirmed that the respected political leader plans to introduce legislation to repeal the UIGEA.
 
"The bill introduction should happen in the next month," the aide told Reuters. "Mr. Frank will bring back legislation to repeal the UIGEA ."
 
Congressman Frank's attempt to overturn the UIGEA comes against a background of continued pressure from the government of Antigua and Barbuda, which has conducted a fierce and so far successful fight in the World Trade Organisation against the UIGEA and the inequities of US anti-online gambling laws.
 
In addition, the European Union has taken up the cudgels for major online gambling companies in Europe prejudiced by the law.  Whilst EU officials have said a negotiated resolution is preferred, a complaint to the WTO is on the cards should this prove impossible to achieve.
 
Reuters recaps the case of Anurag Dikshit, a founder of PartyGaming who pleaded guilty in December to Internet gambling charges and agreed to pay $300 million in fines after negotiating with the US Department of Justice.
 
EU industry officials said the pressure on Dikshit to make a deal showed the Justice Department had crossed a major line in its prosecution of cases. The European Commission, acting on an industry petition through the Remote Gaming Association, began a formal investigation in March into whether Washington was singling out EU companies for enforcement actions while allowing U.S. online firms to operate freely.
 
Sources familiar with that investigation told Reuters in Brussels last week that they expect the Commission investigators' report, initially due last year, to recommend action at the WTO when it is released next month.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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