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UIGEA Now Inpacting Canada
Canadian delegates to the International Masters of Gaming Law Spring Conference in Windsor, Canada have revealed that the US anti-online gambling law the Unlawful Internet Gambling Enforcement Act is disrupting not only American online horserace wagering and state lottery operations, but those in Canada as well.
The controversial legislation, which has been widely criticised for a lack of both practicality and precision, attempts to prohibit financial transactions with online gambling companies, placing the burden of deciding which transactions are 'illegal' and the enforcement of the law on the overworked financial services industry.
Constance Ladell of the British Columbia Lottery was among the many who criticised the US law, its impact on Canadian companies and the lack of positive action by the governments concerned to rectify the situation.
“Our biggest challenge comes from south of the border and the UIGEA,” said Ladell. “We’ve got caught up in that and have suffered as a result of the UIGEA as well as the risk-averse nature of the payments industry.”
The news that Congressman Barney Frank's next attempt to overturn the UIGEA was apparently welcomed by many delegates, who seek a more precise and clear solution to the complicated legal situation surrounding Internet gambling.
“If Congressman Frank gets his way then that will help us, too,” Ladell opined, saying that she was frustrated that North American governments have thus far failed to take positive steps to properly licence and regulate online gaming.
“Ignoring the internet is like holding on to the notion that the world is flat,” she said.
One executive, Maggie McGee of the Nova Scotia Gaming Corporation which is seeking to embark on Internet operations, said: “The business imperative to do so is clear, yet no jurisdiction in North America regulates.”
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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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