• Frank Promises Details On Repeal Of Online Gambling Ban

    17 March 2007

    Newspaper

    REUTERS
    WASHINGTON (Reuters) – Rep. Barney Frank said on Thursday he will give details in the coming weeks on possible legislation to repeal a ban imposed last year on online gambling.

    In an interview, the chairman of the House of Representatives Financial Services Committee said he is in no hurry and plans to consult with others on the matter.

    “I’m not ready to give you more details, but I will be by next week or so. We’ll talk more about it later. There’s no urgency on it,” he said.

    Internet gambling in the United States was effectively banned last October when President George W. Bush signed legislation outlawing gaming financial transactions.

    A spokesman for the Massachusetts Democrat said on Wednesday Frank was considering legislation to repeal the ban but had not drafted a bill and had no timetable for action.

    The ban has hammered the stocks of online gambling companies such as Britain’s PartyGaming Plc.

    PartyGaming shares jumped sharply on Frank’s remark on Wednesday but gave back gains on Thursday to close down almost 5 percent at 40-3/4 pence on the London Stock Exchange.

    U.S. prosecutors have launched a probe into Internet gambling. The U.S. Department of Justice has demanded information from some of the world’s biggest investment banks as part of the investigation, according to banking sources.

    Related News

    • 06 August 2018

      New Frank & Fred Casino Sees Official Launch

      Back in May, we covered the upcoming casino release for Frank & Fred, and it's finally here. Players are able to finally sign up and check out a great set of promotions and deals. This is the sister site to brands like SlotV Casino and others, and it's going to be interesting to see how players adapt to their loyalty program and other perks that are available. Software Platform

      Read full article
    • 26 May 2018

      New Frank & Fred Casino Launch Coming Soon

      Every time a new online casino is about to be launched, players always want to know what the site is all about and what they have to offer. In the case of Frank & Fred Casino, they have a lot more to offer players than a somewhat odd name. Everything for this casino is looking like players will have plenty to look forward to. Software and Games On the software front, there are a ton of games coming from dozens of providers.

      Read full article
    • 28 July 2017

      Big Bang Coming For Dutch Online Gaming Authority

      The online gambling industry in the Netherlands could be getting a big boost. Their regulatory body has recently went into their plans for a push they're calling a "big bang" than would fast-track several companies into getting Dutch online gambling licenses as long as they put in their documentation quickly.

      Read full article