Last ditch attempts to postpone the mandatory implementation of UIGEA regs

Exclusive Bonus - Limited Time - Claim our exclusive 125% bonus to Slotsplus Casino. Its easy to do. Visit Slotsplus and before making your first deposit use our exclusive bonus code OFFSUIT in the cashier before your first deposit. Visit Slotsplus Now.

11/24/09 - Last ditch attempts to persuade federal officials to postpone the UIGEA regulations continued this week.

December 1st 2009 is U-day; the implementation date of the regulations supporting the Unlawful Internet Gambling Enforcement Act compelling US financial institutions to block financial transactions with imprecisely defined 'illegal' online gambling operators.

Among others, including Congressman Barney Frank, the Poker Players Alliance has been active in petitioning for the postponement of the regulations for a year in order to create an environment for debate and to avoid over-blocking by confused and busy financial institutions burdened with enforcing the federal law.

The PPA has some unlikely allies in its initiative in the form of National Thoroughbred Racing Association and the American Greyhound Track Operators Association, and on Monday six influential Kentucky Congressmen added their weight to the request.

Republicans Geoff Davis, Harold Rogers, Edward Whitfield and Brett Guthrie, and Democrats Ben Chandler and John Yarmuth submitted a letter to U.S. Treasury Secretary Timothy Geithner to support pushing the December 1 deadline back a year.

The letter cites a specific example of the law being misapplied - a case where MasterCard had stopped processing transactions with the code used by the U.S. horse racing industry in preparation for UIGEA's enforcement, despite horse racing receiving an exemption in the legislation.

"This letter cites a specific incident where overblocking occurred, so I think that could be particularly powerful with the Treasury and Federal Reserve Board," said PPA executive director John Pappas. "But I think the letters from others will carry just as much weight."

Fighting the requests for postponement are arch online gambling detractors Representative Spencer Bachus and Senator Jon Kyl, both of whom have written to the federal officials protesting at any attempt to postpone the implementation of the regulations.

News Flash. Exclusive Bonus - Get a 150% exclusive bonus At ClubUsa Casino. Use code CHERRY in cashier before making first deposit. Visit ClubUsa Casino.

B3W's white label poker growing - 02/03/2012 : Online poker software developer B3W's venture into the white label poker market with an all-inclusive product has paid dividends, according to the company, which this week reported that in six months four fully integrated poker rooms had been signed up for its Poker Pack Network.

Betfair public affairs manager speaks out for regulated online gambling - 02/03/2012 : Tom Tuxworth, public affairs manager for the listed British online betting group Betfair, told a South African parliamentary portfolio committee studying the possible legalisation of online gambling that prohibition only drives would-be internet punters to offshore and unregulated websites.

Suzan Smith, problem gambler blows 400k of bosses money - 02/03/2012 : A compulsive online gambler who stole almost GBP 400 000 from her employer was sent to jail in Norfolk, UK this week after a judge criticised her for stealing not only the money but a part of a decent man's life.

NEW IPAD APP FROM BETFAIR - 02/03/2012 : Betfair plc launched its next generation iPad App into the Apple store Friday, announcing that the bespoke native application is a marked enhancement from previous products and is the first to come out of Betfair’s development office in San Francisco

Boxing behind Betfair's latest sponsorship - 02/03/2012 : Betfair is the newest title sponsor of the Matchroom Sport Prizefighter series in a partnership deal that will deliver the online betting exchange branding rights across the ring and provide its customers with expert analysis and in-depth fighter interviews.