Online Gambling In The US

UIGEA Regulations

When George W. Bush put his pen to paper on September 30, 2006 there was little doubt that it brought a major impact to Internet gambling. This was the act of signing into law what is known as the Unlawful Internet Gambling Enforcement Act. (UIGEA). The Uigea regulations were about to cause a stir that perhaps no one anticipated. As far as impact goes, was it really that devastating to the online gaming world? In many ways yes. Has it brought about the results that the United States Parliament expected? The answer to that is no. Cut off The Cash FlowThe havoc that this new law on gambling inflicted was in respect to the financing of gaming activities. It must be understood that online gaming is not illegal in respect to USA law. Therefore, what it comes down to is the USA Government’s concept that if you dry up the flow of money going to gaming sites, then you are going to dry up the flow of gambling. In many respects they underestimated the will of avid online gamblers. The new internet gambling regulation enforces the restriction of being able to transfer money for the purposes of “unlawful Internet Gambling. ” Now that really doesn’t make a lot of sense does it? Especially when technically there is no law that says internet gambling is illegal. UIGEA regulations were one of those laws that crept in through the “back door” without debate because it was attached to the SAFE Port Act. The whole concept of UIGEA is to enforce regulations between Banking Institutions and USA citizens. Like mostly laws though, it is vague and difficult to interpret which is part of the reason it has caused such a stir. How UIGEA Impacted US GamblersAs far as impact to the online gambling world, it drastically affected the USA players. Means of funding their gambling accounts became virtually non-existent and therefore many of the gaming sites imposed restrictions on US players. The outcome was that many USA players no longer had any significant online gaming venues. In respect to the online casino owners themselves, they lost a huge amount of money with the decrease in their USA membership. Another repercussion of this internet gambling regulation is the tension it created with the WTO, which declared that it violated a trade treaty with Antigua and the Bahamas. This lead to a $3. 4 billion trade sanction imposed against the USA by Antigua, which they won but was settled out of court. Where the UIGEA stands nowThe compliance deadline for UIGEA is drawing close as it’s slated for December 1, 2009. The one hope left to win a delay lies with a petition held in the hands of Secretary of the Treasury Timothy Geithner. Unfortunately, it seems Representative Barney Frank, an opponent of the UIGEA, has no hope of getting his petition addressed within the next few weeks with so many other pressing issues facing the country. The hope is to get the UIGEA delayed a year. So the question posed is whether Geithner is going to have the time or ability to address the petition prior to the deadline date for UIGEA? If so, is the petition going to get the point across about the negative impact that UIGEA regulation could have on a flailing economy? The Poker Player Association filed the 19 congressman backed petition with Representative Barney Frank as the lead. The gist of the petition is the concerns that the Banking Institutions have regarding the deadline date.

UIGEA Delayed – What Happens Now?

Just days before compliance of UIGEA was to become official the big question was whether there would be a delay in its enactment. Now just days after the answer to that question, which was yes, there has been a reprieve and the big question is now what does this all mean for internet gambling regulation? Where does this leave the American people in respect to the online gambling industry?Since the UIGEA was delayed there is a least a six month period to allow pro gamers the opportunity to put forth a stronger voice concerning their opinions of online gambling and the options for legalizing it formally. Does internet gambling regulation now prevent US players?All this legal talk about online gambling law is all well and good but to the average avid online casino player it just leaves one question. Will they or will they not be able to play a game of great enjoyment on the internet from the comfort of their own home? The answer? It still remains to be seen, however in the view of many authorities it does look more promising. With UIGEA delayed there will be a hearing on two bills pertaining to internet gambling by the House Financial Services committee. Congressman Barney Frank who was a strong supporter of the postponement of UGIEA feels that this has allowed more time to work on his proposed legislation to undo the actions that were taken during the Bush administration regarding online gambling. Those advocates for internet gambling such as Michael Waxman, Barney Frank, and the multitude of American online gamers all promote the fact that if the American Government were to banish UIGIA, the Government itself would have much to gain through what would be new found revenue. By imposing internet gambling regulation and taxation it would seem like a win-win situation for all. The country would gain much needed funds for public programs and the people would have their rights to choose responsible gaming protected. What Happens Next Ultimately the decision for the postponement of UIGEA rested in the hands of the Treasury and Federal Reserve. It meant they would have to produce valid grounds to do so. Ultimately they came to their conclusion for an extension apparently after conferring with the USA Justice Department. The grounds for delay were based on the Administrative Procedure Act determining that UIGEA in its present form is “impracticable, unnecessary, or contrary to the public interest. ” This is in combination with other references to law allowed for a delay of six months although most gambling advocates were hoping for a year. Although with UIGEA delayed it’s a great step forward for the online gaming community by no means is the battle over. No doubt many of the financial institutions that have been sitting on the fence in respect to online gambling law are anxiously awaiting a final decision as well. There has been a great deal of revenue lost by them as a result of withdrawing the funding opportunities for USA gamers. With the UIGEA delayed, the gaming world now waits until June 1st, 2010 which is the next slated date for the enactment of UIGEA. It also has to be remembered that not only does the US Government have to consider the wants of the people, and the legalities that go with the enactment but there is also what stance the World Trade Organization take should the enactment of UIGEA take place?

Related Posts

  • 88
    Scantiness to Fit a Smart Gambler? Have a stab These Tips! If you destitution to behove a percipient gambler, then you need to outfit yourself forward of you take on noteworthy opponents at casino USA. You unusually distress to study yourself if you plan on betting online. Gamblers from all on the other side of the men de-emphasize delay at online casinos conventional and divers of them secure more taste than you.With that being said, you can’t ever get up yourself too much when it comes to both online and offline gambling. While it’s not doable to win every game,…
    Tags: casino, online, money, gambling, sites, legal
  • 78
    Good Online Casinos – Your Gambling Net Top Experiences Good online casinos are where you will find the top bonuses, best games, and exceptional services. These casinos do not cut corners when it comes to providing quality gambling net entertainment. You can depend on premium casino brands to impress you and exceed your expectations every time.Internet gambling destinations that are top notch have great reputations. They provide safe and secure gaming environments where players can feel comfortable and at ease. Reputable on line casino operators are fully licensed and are a reliable source when it comes to providing outstanding casino…
    Tags: gambling, online, casino, gaming, sites, money
  • 77
    If you are looking for some great places to get all the information you need on online casinos, there are many places that you can go to in order to get the information you need so that you can use the right affiliate marketing program that is going to work for you. Without all of the information, you can spend more money and not get anything back. If you are looking to go into business for yourself through affiliate marketing programs, you need to know all the information that you can so that you will know the best program that…
    Tags: online, money, casino, gambling, sites, usa
  • 76
    There aren’t any uncertainties that online casino gambling is certainly an appealing form of making money. By placing a minor bet, things can change right away, enabling one to win the jackpot. Online casino gambling forum is a great way of spending your spare time. One gambler can chat to other gamblers and may post suggestions online about nearly anything concerning gambling. Additionally a gambler could enter online discussions on various different topics and ways of gambling. This permits them to share their particular encounters and guidelines from different online casinos. Online gambling forums allow players to uncover great gambling…
    Tags: gambling, online, casino, usa, sites
  • 76
    When you go online you’ll find that every bookmaker or casino out there is going to be offering you a special bonus offer when you sign up with them. Sometimes, finding the best gambling offers for you can be extremely difficult to do as each one will have something to tempt you.In fact there are many websites whose whole purpose is dedicated to giving you the best deals online and information about the offers available to you at each casino. Unfortunately, a lot of these sites suffer from poor design, useless navigation systems and worst of all … poor content.Many…
    Tags: online, gambling, casino, sites, money
  • 75
    Demystifying Myths Around Gambling Myths continue to rule the gambling industry. Strangely enough as it appears casino owners are not doing enough to tackles these myths with hard and cold facts because in most cases, these myths help them capture more attention and drive more footfalls. But since you are probably a newbie gambler and want to look beyond these myths that continue to shroud the gambling industry, here we are going to bust some common myths that making it impossible for us to understand what is meant to be a part of gambling industry –Poker or Table Game MythsOne…
    Tags: online, gaming, casino, gambling, legal, usa
  • 74
    You probably see a lot of advertisements for free online casino games. How exciting to win big in the comfort of your own home. Before you even join on these web sites that provide no deposit casino games, you need to be sure you read the fine print. You’ll never be able to actually win anything on a few of these sites. When searching for free casino games online, avoid places with these limitations. Probably the most common problems with cashing out your winning from a web-based casino is that they won’t allow you to unless you have spent a…
    Tags: casino, money, sites, online, gambling
  • 74
    Gambling games are the most prominent kinds of having fun and getting rich. Nowadays, with the development of Internet technologies one is able to play games Wherever he or she is, not taking into account the time of the day and daily routine. Everyone can easily play casino games on any of Internet sites forgetting about personal expenses. Due to the fact that now people can involve themselves into gambling and play casino games online for free, there are more and more of them registered on different sites, who help to embody the idea of free gaming into the life…
    Tags: gambling, casino, online, money, sites, internet
  • 74
    One can find hundreds of online that are willing to offer their services to different players and gamblers, and you can choose to go with any one of them. However before joining any of the online casinos, it is really important that you should first check online casino ratings and this is because without knowing the casino ratings you might fall in a mess and this is because a whole lot of casinos present themselves as they have higher ratings and are known to be the best, however the reality is totally different. There are a hundred of online casinos…
    Tags: casino, online, gambling, sites
  • 73
    Online casino gambling is very easy and simple to play. People of every generation can play online casino gambling whether player is a male or female. This game is linked with lots of fun and excitement. Players can browse for many online casino websites on internet as variety of options are available. In only one click players will find out more than 160 sites which are offering online casino gambling option. Two types of websites are available on internet one is online casino gambling website and another one is free online casino gambling website. If player is new to the…
    Tags: gambling, casino, online, money, usa, sites
  • 72
    If you are looking to start a new hobby, perhaps online casinos can provide you with hours and hours of entertainment. However, if you are just starting out, remember to tread with caution and do your research first. There are a few areas you should look into before betting with real cash.Online casino reviews.Reading online reviews allow you to achieve two things. First, you get exposed to the negative and positive aspects of the casino. You immediately form an impression of the organization. If you see something you don’t like, be sure to conduct more research or simply check out…
    Tags: online, casino, gambling, sites, money, usa
  • 72
    Online USA Gambling Online gambling has improved a vast distribute over and beyond the years. With new technology and software being created daily, the individuality is pretty incredible. Fail in the epoch it occupied to be that gambling was limited to saloons and secret games with friends. Then the casino was born which brought gambling to a new level. Some religions literally station aside special days specifically recompense gambling.Conditions with the storming of the Give birth to Major Net, online gambling has grown to epic proportions. There are vast numbers of people and websites across the world that participates in…
    Tags: online, gambling, casino, money, usa
  • 72
    When Gambling Becomes Trading To build the relationship between gambling and trading, gambling is now defined, and its special characteristics. Gambling is the act of endangering the money wants more control of the fund’s profits in a short time. It governs the responsibilities and opportunities. Attractiveness of the supernatural nature of dependency through again. The selection gambling is based on rather favorable position, often based on instinct, astrology, numerology or other similar methods. If you play in an uncontrolled environment, gambling can be destructive and can ruin the lives of the players or their associates.With regard to trading on an…
    Tags: online, gambling, casino, money, sites
  • 71
    Virtual Casino Gambling What are online casino games and what’s the metamorphosis between online casino games and the veritable thing? A normal delusion is that gambling online is different from gambling within a casino. All the rules recompense its games still commit and you will noiselessness be playing on the side of real riches with legitimate money.Online casino games receive developed to the years into graphic exhaustive scintillation games that can be played from your USAnet browser. Some sites arrange the way out to download its games and also authorize after players to download unsparing demos of their games as…
    Tags: gambling, online, casino, gaming, sites, usa
  • 70
    Tips For Determination the Most talented Casinos to Gamble Online Don’t jeopardy any money on online gambling until you identify which games to play. You paucity to learn on every side the most suitable places to gamble previous to making any bets. There are countless casino USA websites that advance casino games, sports betting opportunities, horse betting odds, and so forth. You extremity to do research on which sites are the safest and the best ahead jumping decent into things.Online gambling should be a least gaiety experience. You should be proficient to go through turmoil, fun, and thrills without worrying…
    Tags: online, casino, gambling, sites, money
  • 70
    If we put some light on the statistics of gambling industry of last few years then it is proved that gambling industry is growing with rapid motion. There is a sudden increase in the gambling industry in last few years and it is only because of the online casino gaming facility. In past years people used to visit real casinos for playing different poker games, balling games and casino games also. But now they make it easy for common man to take the pleasure of casino games at their place. The gambling industry is spreading day by day because of…
    Tags: casino, gambling, online, usa, sites
  • 70
    Staying Safe While Gambling For Real Money Online – What To Watch Out For? Not unlike everything experiencing a boom, online gambling comes with not yet completely dealt with risks. In addition to the clear danger of addiction, Mobile bingo apps face the new problems of possible identity theft and the incompetence of underage gambling access.In contrast to the real-life gambling, its online adversary offers the seemingly safe option of indulging in it from the confines of one’s home. Once the barrier of gambling solely for fun is crossed, the online gambling for real money ensues. This is where the…
    Tags: online, gambling, casino, money, sites
  • 69
    When it comes to online gambling, choosing the right casino to play at can determine whether or not your play times are enjoyable. There are literally hundreds of online casino establishments available, and you need to know what to look for from an online casino in order to choose the right one for you. Before jumping to bonuses and promotional offers, let us take a look at some important aspects a good online casino should have. Reputation and good track record is something you should really look into. Even the slightest case of mishaps can cause the online casino to…
    Tags: casino, money, online, gambling, usa
  • 69
    Mathematical game systems is something that has taken place since the person said he could predict the future better than the other person, and since then has come a long way indeed. People can bet on horse races, card games, dog racing, spinning balls, and in one notorious case, the speed at which two drops of water falling from the cup!If you are in a position where you are looking to move forward with your best game system and ensure that you get the right kind of enjoy your game, you must be ambitious, and you should be ready to…
    Tags: gambling, gaming, casino, online, internet, sites, usa
  • 69
    Some on-line casino web sites are created with the greatest simplicity. The normal website setup is perfect for a game board to stay at the centre with the chat screen on the left as well as the lotto jackpot details on the appropriate side. A Casino Cafe more complicated setup. It’s more of a 3d room, in order to resemble the real life bingo corridor. While nothing will substitute face-to-face communication, The Casino Cafe arrives near. Players may join chat rooms, where they can create a rapport using their fellow game gamers. There’re several rooms available depending on the players…
    Tags: casino, gambling, online, sites, usa