US Lawmakers Ask to Postpone the UIGEA

December 1 might mean the start of the Yuletide season, but for some, this means the start of the implementation of the financial rules to put in force the prohibition on online gambling.

This implementation is fast approaching, and US Lawmakers are asking the regulators to delay this by about a year.

Reasons Set Forth

The reasons set forth by the US lawmakers are very valid.  For one, pushing for the implementation of the UIGEA on December 1, 2009 will put an undue burden on an already-strained financial situation, especially during the recession which is already creating such havoc in the economy. [Read][more...]

A Recap on the Ruling of the US 3rd Circuit Court of Appeals

Many people are really questioning the benefits that we would get from the ruling of the US 3rd Circuit Court of Appeals when they decided to support the UIGEA or the Unlawful Internet Gambling Enforcement Act, especially since there seems to be a lot of gray areas on what it really encompasses.

DOJ and IMEGA

The online gambling industry knows exactly what will happen on the 1st of December 2009.  This is the date set for the UIGEA to be completely and fully enacted, and it seems that there is no stopping it.  But still, there are a lot of gray areas left on the legality of online poker. [Read][more...]

Lifting of the Online Gambling Ban Imminent?

Many online casino operators now have bigger hopes when it comes to lifting the ban placed on online gambling, especially since the current president of the country is an avid poker player and most especially since States are now looking into other sources of income, online gambling included, because of the recession.

Preparing for the Impending Legalization

Impending or not, but many major online casino operators are now preparing to make their coffers bigger. [Read][more...]

Internet Gambling Law, Here to Stay

Despite the efforts made by the Interactive Media Entertainment and Gaming Association (IMEGA) to get the Court of Appeals to overturn the Unlawful Internet Gambling Enforcement Act, the court still ruled in favor of keeping the act.

What is the UIGEA?

The UIGEA, which was passed by the congress of America during the year 2006, states that there should not be any transactions made to transfer funds from a financial institution to a gambling site.  This, however, excludes horse racing, online lottery, and the like.  The Act greatly inhibited the movements of American members of online casinos, much to the dismay of both the players and the online gambling companies. [Read][more...]

UK Firms Support Online Gambling in the USA

The battle of legalizing online gambling in the United States has been happening since 2006 when the Unlawful Internet Gambling Enforcement Act or the UIGEA was passed.  The bill states that transferring money through a financial institution to fund an online gambling account is prohibited and against the law.  But it cannot be denied that many problems arose from this bill because what it encompassed was not clear-cut.

Effects of the UIGEA

This bill has not only affected US-owned online casinos, but it has also affected online casinos owned by other nationalities as well, wherein some casinos were even forced to prohibit players from the United States from playing at their games.  Of course, this has infuriated many online gamblers, saying that the bill is stepping on their rights to choose how to spend their money.  On the other hand, online gambling sites owned by other countries are experiencing decreased profit because of the problems arising from American players playing at their sites. [Read][more...]

Gambling Act or Not, the Popularity of Online Casinos Grows

Despite the Gambling Act, it is a known fact that the popularity of online casinos continues to grow as more and more people are looking at the winnings taken from these online casinos as a way to augment their incomes, especially now that there is a recession.  In fact, the new players that are signing up at these online casinos are getting younger and younger, as stated in a study that was done on the prevalence of online gambling within the younger generation.  Right now, there are so many college students gambling online to support their studies and pay for their daily living.

Why Online Casinos Continue to Thrive

There are a lot of factors that contribute to the growth of the online casinos' popularity.  One, online casinos are easily accessible compared to brick-and-mortar casinos.  With just a click of the mouse, the player can start gambling.  [Read][more...]

Could the US Government use $52 Billion

The big accounting firm PriceWaterhouseCoopers did a study of the result of taxing and regulating Internet gambling.  Their study indicates that over a ten-year period the income from taxing and regulating Internet gambling could be $51.9 Billion.  This study echoes a similar study done one year before.

This new study has added ammunition to Barney Frank's bill that he introduced, in HR2046, The Internet Gambling and Enforcement Act.  This bill would handle licensing and regulation of the Internet gambling industry in the United States.  The licensing and regulations would be scrupulously enforced and would make online gaming toe the line like they do in Europe.  Congressman Franks plans to reintroduce the bill in March of this year.

The UIGEA law has severely crippled this industry in the US and forced all online casinos to operate outside the country and in many cases the operations have very lax oversight.  [Read][more...]