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UIGEA Block Cause Problems
3/27/10 - On June 1st, the postponed regulations supporting the Unlawful Internet Gambling Enforcement Act come into effect, obliging financial institutions to block financial transactions with ill-defined "illegal" offshore gambling sites. Yet already the industry is seeing examples of the much-warned about 'overblocking' caused by the act's lack of precise definition, coupled with the low experience levels among financial bodies expected to enforce the legislation.
There have been several reports of payments to state lotteries being inaccurately blocked, but the latest issue comes from an even more unlikely source - a musical society in Florida!
Members of the South Florida Blues Society were warned by the society this week that Internet transactions had been 'inadvertently' delayed due to a block by e-cash processor PayPal, which appeared to have mistakenly classified the society as an illegal online gambling entity.
The Society, which has been legally raising funds for the past decade through prize-based raffle tickets on its website, was understandably upset, because all sales from the site, including music and promotional clothing and merchandise and even membership subscriptions are impacted by the PayPal block as well.
SFBS President Blues Bobby told his members that only cheques mailed to the club can be processed, because Visa and Mastercard bans also ban card transactions with anything even suspected of having Internet gambling connections.
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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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