• After One Month, What Are The Effects OF UIGEA?

    07 July 2010

    Newspaper

    Well folks, it’s a done deal. After several delays and a final campaign to reverse it, UIGEA (the Unlawful Internet Gambling Enforcement Act) went into full effect on June 1st, 2010. What, if any, are the effects it’s had on the Internet gambling scene in the United States?

    John Pappas, executive director for the Poker Players Alliance (PPA), stated: “I think we’ve seen very little impact on the ability of Americans to play poker on the Internet…For many Internet poker sites and players, the ill effects of the UIGEA were felt several months ago if not several years. Most sites migrated to other responsible payment systems and the players migrated to that as well”.

    Many companies pulled out of the American market before UIGEA went into effect to avoid any possible legal problems. And several prosecutions of company executives, such as PartyGaming and Sportingbet, had already taken place before UIGEA went into effect.

    Also, some prepaid and reloadable gift cards are now being rejected, where before they weren’t. Some credit cards are also now declined for the first times.

    Glen Farmer, of USAPlayers.com, states that many online sites have raised their minimum deposit requirements. He says that this tactic affects the low stakes players, those who play for mostly entertainment, and not for the sake of gambling.

    Online casino and internet poker sites are reporting very few problems, and none since June 10th.

    There are some rather unexpected problems arising from the enactment of UIGEA.
    While online horse racing betting was exempted from the effects of UIGEA, some banks and payment processing centers, are rejecting some of the horse race betting.

    So while the major problems feared by many have not materialized, there are problems surfacing with UIGEA. Most of them are caused by the ambiguity of the way the law is written, while others point to the problems of having banks and other financial firms forced to enforce the law.

    Related News

    • Softswiss received serbian gambling license

      Gambling News

      SoftSwiss Receives Serbian Gambling LicenseIvan Stefanovic17 September 2021

      SoftSwiss recently marked another milestone in its international expansion strategy after gaining a license from the Gambling Authority of Serbia. With this accreditation, the supplier has become the first locally licensed company to operate exclusively across online platforms. The brand announced that as a condition for obtaining a Serbian license, its software platform has been evaluated and certified by a competent government authority.

      Read full article
    • What are the online gambling trends for

      Gambling News

      The Future of iGaming- Top Trends Shaping Online Gambling IndustryAleksandra Zolotic06 September 2021

      As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously. Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.

      Read full article
    • Seven millionaires in seven months on microgamings progressive jackpot network

      Gambling News

      In Just 7 MONTHS Microgaming's Progressive Jackpot Network Produced 7 MILLIONAIRES!Kristina Vujadinovic18 August 2020

      Microgaming's progressive jackpot network is one of the most rewarding ones in the industry, which a recent announcement by the provider confirms. The brand has revealed details of the latest millionaire who has scored seven figures win, as total payouts from all highest wins for the year to date surpass €30 million (from January 1st to August 1st). To recall... ... each win on the network is paid to the player in one lump sum by the operator following standard verification checks.

      Read full article