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Uiega Regs Get First Victim
The controversial regulations supporting the U.S. Unlawful Internet Gambling Enforcement Act, rammed through in the dying days of the Bush administration and only recently effective, are already causing waves where they were not intended, it appears.
The regulations place the burden of enforcement on an already stretched US financial services industry, requiring it to dislocate payments to and from online gambling firms without specifying in sufficient detail what is defined as "illegal". The predictions were that this lack of precision would cause confusion and result in financial companies erring on the side of caution to stop "non-illegal" transactions, and this week it became apparent that this has already started happening.
New Hampshire authorities, desperate to generate more revenue without further hammering hard-pressed tax payers, said this week that the impact of UIGEA regulations was being felt on the state's lottery activities. Credit card companies have stopped processing subscription packages to the Powerball lottery, which has caused millions of dollars to be lost in the state.
Consequently, the state is looking at new ways to raise funds - and one of them includes increasing land gambling by legalising slot machines!
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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.
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.
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.
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