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Bill Looking To reinstate the Wire Act
Thursday March 27, 2014 : RETROGRESSIVE ONLINE GAMBLING BILL LAUNCHED IN CONGRESS
Graham and Chaffetz bill seeks to strengthen and reinstate the Wire Act, this time specifically banning most internet gambling.
After a week of hype, the Republican Party's Sen. Lindsey Graham of South Carolina and Rep. Jason Chaffetz from Utah, introduced the Restoration of America's Wire Act to the federal House and Senate on Wednesday, seeking to formalise the interpretation of the Wire Act as embracing all forms of internet gambling, and attempting to reverse a 2011 US Department of Justice policy decision that the Wire Act applies only to online sports betting.
The legislative proposal effectively bans all online gambling, with carve outs for horse racing.
It effectively overrides states' rights to decide on their own gambling laws, and contains no grandfather clauses in respect of online gambling regulatory regimes already operating in Nevada, New Jersey and Delaware, which could have massive financial and business implications if the bills pass.
At least ten other states are considering or have already implemented various forms of online wagering to raise tax revenues, and these could also be prejudiced.
The Associated Press news agency reports that each bill has co-sponsors from both parties, including Democrats Sen. Dianne Feinstein, and Rep. Emanuel Cleaver. Other known supporters of the bill, said to have been drafted by lobbyists working for land casino baron Sheldon Adelson, include Utah's Sen. Mike Lee and Rep. Jim Matheson, and New Hampshire Republican Sen. Kelly Ayotte, who said at a Capitol Hill press conference:
"What has been the result of this [Justice Department ruling]: basically, it’s been the Wild West out there on the internet, which has been of deep concern for law enforcement."
The position of Senate Majority Leader and Nevada Democrat Harry Reid, who controls the Senate agenda, is unclear at present; in common with Nevada Republican Senator Dean Heller, and supported by the American Gaming Association, Reid has in the past sponsored a federal ban that exempts online poker - something which the Chaffetz and Graham bill does not support.
Chaffetz, said in a joint statement with Graham: “These fundamental [Department of Justice] changes [to its interpretation of the Wire Act] need to go through Congress. By restoring the original interpretation of the Wire Act, we are putting the genie back in the bottle and allowing for an open debate to take place."
Opposing the legislation is the Coalition for Consumer and Online Protection, largely funded by MGM Resorts, which contends that the proposed bill will make American consumers less safe by pushing online gaming into the shadows.
"There isn’t any question whether Americans are gaming online. They are," said the coalition’s chairwoman, former Rep. Mary Bono. "Congress should be focused on keeping them safe, not shutting down existing consumer protections.
"If Congress passes this bill, we’ll see more Americans gaming on black market websites with absolutely no protections against fraud, identity theft and other criminal activity," she added.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
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.
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