• BUSH EXPECTED TO SIGN SAFE PORT ACT WITH BAN ON ONLINE GAMBLING RIDER THIS WEEK

    02 October 2006

    Newspaper

    Yahoo News

    Mon Oct 2, 10:21 AM ET

    WASHINGTON (AFP) – US President George W. Bush this week is expected to sign a bill making it harder to place bets on the Internet, a practice which already is illegal in the United States.

    Bush was expected to act quickly after Congress approved the Unlawful Internet Gambling Enforcement Act making it illegal for financial institutions and credit card companies to process payments to settle Internet bets. It also created stiff penalties for online wagers.

    Billions of dollars are wagered online each year and the United States is considered the biggest market.

    “It is extraordinary how many American families have been touched by large losses from Internet gambling,” said US Representative Jim Leach (news, bio, voting record), the bill’s main sponsor in the House, in a statement after its passage early Saturday.

    The bill’s chief Senate sponsor was conservative Republican Jon Kyl, who, like Leach, has said he believed Internet gambling was a moral threat. He has called online betting as the Internet version of crack cocaine.

    “Gambling can be highly addictive, especially when its done over an unregulated environment such as the Internet” he said this year.

    “If Congress had not acted, gamblers would soon be able to place bets not just from home computers, but from their cell phones while they drive home from work or their Blackberries as they wait in line at the movies,” Leach said.

    The US Treasury Department and the Federal Reserve Board will jointly develop implementing rules for the new law, while financial institutions have nine months to incorporate its provision.

    Related News

    • Design works gaming lands kindred group content deal gc %281%29

      Gambling News

      Design Works Gaming Agrees Deal with Kindred GroupIvan Stefanovic26 July 2021

      Design Works Gaming (DWG), the Arizona-based casino provider, has increased its European market through collaboration with Malta-based casino provider, Kindred Group. According to the deal, Design Works Gaming agreed to supply Kindred with its premium games that are created to boost excitement and bring the atmosphere of Las Vegas nightlife. More than 80% of DWG’s titles have unique game attributes and very good math models.

      Read full article
    • Softswiss integrates gamzix slots

      Gambling News

      SoftSwiss Integrates Gamzix SlotsIvan Stefanovic30 June 2021

      SoftSwiss has expanded its partner network as this brand forges a business alliance with innovative game development studio, Gamzix. This will allow the mainstream game aggregation platform to integrate a wave of content from Gamzix that offers several of its popular slot machines such as Make Money, 40 Chilli Fruits, Banana Bar, Hot Life and other games. Under the deal, Gamzix's library of 17 online casino games will be available to White Label SoftSwiss licensed by Curacao regulatory body.

      Read full article
    • Pragmatic play to distribute its bingo games to betvictor

      Gambling News

      Pragmatic Play to Distribute Bingo Games to BetVictorIvan Stefanovic24 June 2021

      Pragmatic Play has started a partnership with online casino operator BetVictor. The supplier will deliver its suite of bingo games. After a short period of integration, the operator’s players will have access to a suite of games including Bingo Blast and Reels Room. Through the integration, BetVictor will strengthen its professional relationship with the software provider.

      Read full article