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HR5767 MAY BE HEARD WEDNESDAY
The Payment Systems Protection Act (HR5767) introduced by Congressmen Barney Frank and Ron Paul to halt the implementation of regulations for the Unlawful Internet Gambling Enforcement Act (UIGEA) may be delayed to Wednesday this week due to its low positioning on the "to do" list for today's House Financial Services Committee deliberations.
HR5767 is being closely watched as it goes to the mark up stage, and if nothing else it has again focused the mainstream press on the inequities and impracticalities of regulations that seek to use the banking system for the enforcement of anti-online gambling regulations that have been criticised for a lack of precision (see previous InfoPowa reports). The UIGEA seeks to halt financial transactions between US players and online gambling companies.
Predictably, the major national sports leagues and some religious organisations, long opposed to Internet gambling, have been quick to urge support for the widely criticised regulations.
The Family Research Council spokesman, Thomas E. McClusky, has lodged his views with the committee in a letter this month in which he claims: "Though we think the proposed regulations could be improved, we believe they are on the right track and strongly disagree with insinuations that they are unworkable because of a theoretical possibility of blocking some legal transactions with Internet gambling operators."
Opposition has also been expressed by the National Football League, which generally takes the lead among the Amercian sports leagues in lobbying on issues. The NFL has criticised the Frank/Paul proposal, writing in a letter last week: "By passing UIGEA, Congress sent a strong signal that it was unwilling to tolerate sports betting and other gambling on the Internet."
The NFL's Gene A. Washington sent the letter to members of the House Financial Services Committee who will be considering the bill, concluding that his organisation was "gravely concerned" that the Committee may act on legislation that would "interdict prompt implementation of UIGEA regulations."
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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