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Showing posts from February, 2010

TWO SENATORS INTRODUCE ONLINE GAMBLING LEGISLATION

23 February 2010 WASHINGTON, D.C. -- (PRESS RELEASE) -- The Safe and Secure Internet Gambling Initiative applauds the introduction of legislation today by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), the Bipartisan Tax Fairness and Simplification Act of 2010, which includes provisions to legalize, regulate Internet gambling. "With so much media focus on the differences between Democrats and Republicans in Congress, this bipartisan initiative highlights the growing support on both ends of Capitol Hill for replacing the failed prohibition on Internet gambling with a system to regulate the industry, protect consumers and generate billions in new revenue," said Michael Waxman, spokesperson for the Safe and Secure Internet Gambling Initiative. "We applaud Senators Wyden and Gregg for taking the initiative to address and drive this issue." Provisions in the Bipartisan Tax Fairness and Simplification Act of 2010 to regulate Internet gambling are similar to those inclu...

Legal/Regulatory Updates

Source: http://www.casinoaffiliateprograms.com/news/International-Online-Gambling-Update.php International Online Gambling Update Feb. 10, 2010 Online Gambling Regulation Gets Debated in China, India, Canada, France and Finland February 10, 2010 (CAP Newswire)  – Has online gambling ever attracted this much attention? Given the non-stop political battles in the U.S. that have increasingly spread from the federal to the state-by-state levels, and considering how nations all around the world have found themselves forced into political situations where online gambling has to be either regulated or outlawed, it seems like a new online gambling legal battles is in the news every day. The biggest such story currently, besides the unending American debate, is China. Online gambling, and even non-gambling related Internet gaming itself for the most part, is strictly off-limits in the country, but it's thought that many Chinese citizens gamble online, anyway. That’s why the governm...

Confirmed: Visa declining US egaming payments too UPDATED

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Jon Parker THE CRACKDOWN on US online gambling credit card payments that began on Wednesday is being operated by Visa as well as rival US credit card giant Mastercard, EGRmagazine.com  has now confirmed, with tens of thousands of US online gamblers likely to have been affected. As reported yesterday,  US-facing operators were hit by an overnight tightening of restrictions on the use of credit cards for egaming transaction ahead of the implementation of America’s Unlawful Internet Gambling Enforcement Act (UIGEA) law  on 1 June, which bans the facilitation of online gambling by banks and other payment companies.  The action was at the time of writing confirmed as applying to US-registered cards issued by Mastercard, but rumours that a crackdown had also been launched by Visa had not been substantiated. However  eGaming Review  has now confirmed that these too are subject to the ban.  Repeated attempts to use a US-registered Visa card by an  eGami...

US subsidiary opened by pro online gambling Financial Group

LatestCasinoBonuses: 10th of February 2010 UC Group has played an active role in lobbying for legalised  online gambling  in the United States Three former senior executives from  MasterCard  are betting that lawmakers will soon regulate legalised  Internet gambling  in the United States, and have set up shop to facilitate wagers as a U.S.-subsidiary for a United Kingdom payments processor. A staunch advocate of legalised online gambling in the USA, UC Group Ltd launched its US subsidiary SecureTrading, and released a statement assuring interested parties that it is poised to provide “safe financial transactions and required consumer protections” in the United States in anticipation of federal legislation. The UC move comes in the wake of recent developments that have seen MasterCard and more recently  Visa  blocking the placement of financial transactions with online gambling sites despite delays in the implementation date for the  ...

Mastercard crackdown leaves US players unable to pay 04/02/2010

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Jon Parker US-FACING operators have been hit by an overnight crackdown on online gambling payments by credit card giant Mastercard.  The US company is believed to have toughened its stance on the widespread practice of operators coding egaming transaction as other kinds of online commerce, which will all its US customers from using their cards to gamble online.  Rival US card giant Visa is rumoured to have taken a similar measure, although this could not be confirmed at the time of writing.  The action is a sign that banks and payment companies are preparing for implementation of America’s Unlawful Internet Gambling Enforcement Act (UIGEA), which bans the facilitation of online gambling by payment companies.  This was originally supposed to have been enforced from 1 December 2009, although Congress approved a delay allowing companies until 1 June 2009 to comply.  The development will increase reliance on alternatives to credit card deposits such as those offere...
SC JUDGE SAYS POKER A SKILL GAME 5 October 2009 WASHINGTON, D.C -- (PRESS RELEASE) -- The Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide (nearly 10,000 in South Carolina), today lauded the ruling of a South Carolina court that confirmed that poker is a game of skill, and thus should not be considered gambling under the law. "Poker is not a crime in South Carolina or anywhere else, and we are grateful to the court for compiling the overwhelming evidence that proves this case and protects the rights of players," said John Pappas, executive director of the PPA. "This ruling is fully consistent with the declarations of other judges and juries across the country that Texas Hold'em is clearly a game of predominant skill and adults who play should not be criminalized." Five individuals had been convicted of illegal gambling. The trial court found that poker is a game of skill, but left it to a h...

OBAMA ADMINISTRATION DELAYS UIGEA IMPLEMENTATION

30 November 2009 WASHINGTON, D.C. -- (PRESS RELEASE) -- Department of the Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke today announced agreement to delay for six months, until June 1, 2010, required compliance with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The move blocks regulations to implement the legislation which requires the financial services sector to comply with ambiguous and burdensome rules in an attempt to prevent unlawful Internet gambling transactions. House Financial Services Committee Chairman Barney Frank (D-MA) has scheduled a House Financial Services Committee hearing for December 3 to discuss Internet gambling legislation and the opportunity to effectively regulate the industry. "We see this move by the Obama Administration as a decision to halt implementation of UIGEA in order to give Congress time to enact an alternative approach of regulating Internet gambling instead of prohibiting it," said...

Iowa wants sportsbetting

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In America, the midwestern state of Iowa could become the next to allow sportsbetting at its racetracks and casinos after two individual measures were put before local legislators late last week. Owing to a brief experiment with parlay sportsbetting in 1976, only Delaware, Montana, Nevada and Oregon are allowed to offer sportsbetting in any form in the US but this position is currently being challenged at a Federal level by New Jersey as discriminatory towards the remaining 46 states. The first measure, SF2129, was introduced by Iowa State Senate President Jack Kibbie and would, if passed, give the state’s Racing And Gaming Commission the authority to license sportsbetting on professional and amateur events. “I think we ought to have sportsbetting in Iowa,” said Kibbie. “They’re probably betting on them anyway but we’re not getting any tax. I think it would raise a lot of money.” A second proposal, SF2130, was put forward at the same time by fellow Democrat Steve Sodders ...

The restricted states are:

Michigan Illinois Louisiana Oregon Washington Wisconsin Indiana Nevada South Dakota New Jersey New York Kentucky