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Last ditch attempts to postpone the mandatory implementation of UIGEA regs

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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.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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