• Looks Like Legalizing Online Gambling Could Change

    08 February 2009

    Newspaper

    According to the financial times there could be a new move to legalize online gambling in the near future. Barney Frank is not giving up!! Way to go Mr. Frank.

    A top US Democrat is launching an offensive to roll back legislation against online gambling passed under the Bush administration, saying the climate is ripe for Congress to unlock restraints that are “impinging” on the freedom of Americans.

    Barney Frank, chairman of the House financial services committee, told the Financial Times he would reintroduce a bill in the next few weeks to establish a licensing and regulatory framework for online gambling operators.

    Mr Frank said he also expected anti-gambling regulations, rushed through in the dying weeks of the Bush administration, to be included among the measures Congress will look to rescind.

    A Democrat-led Congress and a more liberal political climate is persuading the Massachusetts congressman to make his twin-pronged assault on an issue that he said bore similarities to prohibition in the 1920s and 30s.

    Congress passed the Unlawful Internet Gambling Enforcement Act in 2006, which tightened the laws against online gambling, forcing the exodus of listed companies operating in the US. At the same time, the Department of Justice began to arrest executives of some of these companies at airports and put them in court.

    Mr Frank said: “I expect an Obama DoJ to be less zealous about locking people up. These outrageous arrests in transit – they should be stopping that stuff.”

    The UIGEA regulations, which make it illegal for financial institutions to process online gambling transactions, became final on January 19, but do not need to be implemented until December.

    Mr Frank said the prospects for his bill, which was discussed in the last session of Congress but never voted on, were greater because public opinion was demanding the right to gamble online.


    Related News

    • 04 June 2020

      Slots.ag The New Upcoming Casino in the iGaming Market

      The gambling market is becoming richer with the launch of the new online gaming hub - Slots.ag. It will open its doors soon, to the luck of all players eager for some high-quality playing experience. With a modern, yet simple presentation, it enables smooth and fast browsing. It has a great starting point and features to stand out as the favorite hub for players, but we will see its whole potential once it opens its doors. Unique Offer Hard to Pass

      Read full article
    • 23 May 2020

      Shine A Light At Tsars Casino – A Brand New Online Gaming Venue

      With so many online gaming venues, players must have a hard time deciding which one to pick. Now that task is even harder because the new Tsars Casino is on the market and it looks quite dashing. Besides its stunning presentation... …lays the big portfolio full of various entertainment options. Its promotion section is also the talk of the town since it is quite impressive with its numerous incentives. A wide assortment of banking methods...

      Read full article
    • 26 April 2020

      Go Down Under with New Play Croco Casino Powered By RTG

      Another online casino powered by the renowned Real Time Gaming (RTG) platform is ready to be introduced to players – Play Croco. The Australian players will be particularly excited by this venue since it boasts great graphics synonymous with the land Down Under. A cartoonish crocodile is there to greet punters and follow them on the tour around the site. With a unique theme and stylish design, it is very appealing to the eye. Equally appealing... ...

      Read full article