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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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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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