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Four new co-sponsors sign up for HR2267
Congressman Barney Frank's proposal to regulate and licence non-sportsbetting Internet gambling in the United States, his HR 2267 Internet Gambling Regulation, Consumer Protection, and Enforcement Act introduced on May 6, signed another four co-sponsors Friday, bringing to 30 the number of politicians indicating their support so far.
Congressional Representatives Steve Driehaus (Ohio), Jared Polis (Colorado), Raul M. Grijalva (Arizona) and Steve Israel (New York) are the latest to sign up for the bill, for which Frank, who is chairman of the House Financial Services Committee, has high hopes in a more enlightened and Democrat-dominated Congress.
We reported earlier this week that a companion Bill launched by Franks to delay by a year the implementation of the controversial regulations underpinning the UIGEA has so far attracted 13 co-sponsors. HR2266 - the Reasonable Prudence in Regulation Act - was launched May 6 2009 and seeks a hold on the UIGEA until December 2010 when there is more clarity and the outcome of HR 2267 proposing to regulate and licence online gambling in the USA is known.
Industry observers hope that the current HR 2267, which supports the autonomy of individual states, excludes sportsbetting but seeks to legalise and regulate online gambling in the United States, thus rendering the contentious UIGEA largely redundant, will have a better chance of success, given the need for more tax revenues by recession-hit states within the Union. Recent world trade events such as the European Union condemnation of American discriminatory anti-online gambling enforcement may also influence the debate.
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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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