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MORE SUPPORT FOR ANTI-UIGEA MEASURE

HR 5767, the bi-partisan bill introduced by Congressmen Barney Franks and Ron Paul to halt the implemention of supporting regulations for the Unlawful Internet Gambling Enforcement Act, has attracted the sponsorship of two more Washington politicians.
 
The measure has moved to "mark-up" stage scheduled for June 24 in the House Financial Services Committee, where amendments may be suggested.
 
Representative Neil Abercrombie (D-Hawaii) and Representative Stephen Lynch (D-Mass.) are the latest politicians to sign up for the bill, which was introduced on April 11 and in its current form would prohibit the Treasury Department and Federal Reserve from "proposing, prescribing or implementing" any regulations under the Unlawful Internet Gambling Enforcement Act.
 
The draft regulations have been the subject of widespread criticism for a lack of precision and practicality, and the burden the UIGEA places on the US banking industry. The new sign-ups bring political support to 20 Representatives across both political parties.
 
Representative Abercrombie is a liberal Democrat who voted against passing the UIGEA when it was proposed, attached to an unrelated security bill in a late night session of Congress just before an election recess in late 2006. He has also signed on as a supporter of Frank's HR 2046 bill, the Internet Gambling Regulation and Enforcement Act, which seeks to legalise and regulate online gambling in the United States, effectively overturning the UIGEA.
 
Representative Lynch is also a Democrat and a member of the influential House Finances Committee. Although he voted for the UIGEA, he is apparently concerned about the possible consequences of the controversial draft regulations that have been widely condemned for a lack of precision, and the enforcement burden these place on an already overstretched financial industry in the United States.
 
Washington hearings on the issue have indicated serious reservations about the UIGEA in a wide cross-section of interested and involved parties. Lynch has not signed up for HR 2046 and the regulation and licensing of online gambling.
 
The full list of HR 5767 cupporters is currently:
 
Barney Frank (D - Mass.)
Ron Paul (R-Texas)
Gary Ackerman (D-N.Y.)
Joe Baca (D-Calif.)
Shelley Berkley (D-Nev.)
Michael Capuano (D-Mass.)
Russ Carnahan (D-Mo.)
William Lacy Clay (D-Mo.)
Steve Cohen (D-Tenn.)
Bob Filner (D-Calif.)
Charles Gonzalez (D-Texas)
Luis Gutierrez (D-Ill.)
Michael Honda (D-Calif.)
Peter King (R-N.Y.)
James McGovern (D-Mass.)
Ed Perlmutter (D-Colo.)
Steven Rothman (D-N.J.)
Robert Wexler (D-Fla.)
Neil Abercrombie (D-Hawaii)
Stephen Lynch (D-Mass.)

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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