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DEFINITION OF ILLEGAL ONLINE GAMBLING ON HOLD
US financial crisis and election has distracted lawmakers. Barney Frank's HR6870 Payment Service Protection Act will probably not be voted on this congressional session despite its successful 30 -19 vote in the House Financial Services Committee on September 16 .
Congressional sources this week said that politicians and the legislative system were preoccupied with electoral issues and the financial crisis currently facing both America and the international community which makes a debate and vote on the contentious 6870 unlikely.
Frank's proposal is key to establishing an official government definition of what constitutes 'illegal online gambling', something which federal drafters have been struggling to accomplish in the face of growing criticism from the financial industry in the United States, which is charged with enforcing the controversial Unlawful Internet Gambling Enforcement Act 2006. This Act was designed to disrupt US financial transactions with online gambling companies and its inequities, lack of precision and the burden it places on financial institutions has been widely criticised.
It was hoped that 6870 would be voted on this week in the House of Representatives, but this now seems unlikely, and with the calendar for this session of Congress rapidly drawing in, it appears that the bill will now have to wait for a new session next year, with a new Administration in place.
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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,
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.
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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