Newsworthy News on US Online Gambling Bill

Feel free to talk about anything and everything in this board.
Headline back 2
    1,732
    views
    3
    replies
    Last post ago about 7 years by Lipstick
    No avatar a78
    • Started by
    • guest
    • offline

    Readers of this topic also read:

    Please or register to post or comment.
      • No avatar a78
        • Started by
        • guest
        • offline
        Obama Delays Online Casino Ban Six Months
        By Lee Rockwell on November 27, 2009 Close Window
        WASHINGTON, D.C. -- The Obama Administration approved a 6-month delay of UIGEA enforcement rules, a move that gives lawmakers time to approve an online casino legalization bill.  Enforcement of the UIGEA was set to begin in December, but the Obama Administration decided the burden placed on financial institutions would be too large during these difficult economic times.

        "The 6-month delay paves way for Congress to approve a bill to legalize and regulate online casinos", says Mike Waxman, spokesman for Safe and Secure Internet Gambling dot org.

        Most bankers in the financial services committee agree, the UIGEA places unnecessary and burdensome rules on credit card and banking companies.  Some have estimated it would cost an additional $500 million dollars per bank to enact the policies.

        Many lawmakers are in favor of a new bill introduced by Barney Frank.  His bill would create a framework to legalize and regulate online casino games such as slot machines, blackjack, roulette, and poker.  Sports betting has been under scrutiny the past few years, especially since the arrest and conviction of NBA referee Donaghy who was fixing games for mafia business partners.

        More information will be available next week, after members of Congress return from Thanksgiving Day vacations.
      • No avatar a78
        • Replied by
        • guest
        • offline
        Wow, it wont be long now!
      • Putting on lipstick emoticon 1

        Lipstick

          admin
        • female
        • offline
        • 6795
          thanks given
        • 10274
          thanks received
        • Replied by
          admin
          12,317
        • last active 8 hrs ago
        Hmmm i'm confused about the cost to the credit card companies. Does this mean that the 500 million will be if it passes or as a result of it being illegal?


        Lips

      lcb activities in the last 24 hours

      • 29
        new members
      • 585
        members online
      • 15081
        guests online
      • 55
        new posts
      • 1062
        free games played
      Join the club

      Most viewed forum posts

      • Putting on lipstick emoticon 1
        Hi LCB'ers,Here is a list of freebies that are not on the weekly code list. This list includes casinos to check your acct, call/email for free chip and casinos not listed here at our forum.  I will update this list on...
        More Free Chips
      • 200 zpsnwkvewod
        Hello dear LCBers,LimoPlay Casino has something special in stored for you!!Each week Vitali, the lovely casino representative from LimoPlay will be posting a new contest. Please subscribe to this thread by clicking on...
        Win free spins and more every week with LimoPlay
      • Putting on lipstick emoticon 1
        LCB $250 August Contest – Lets Play Roulette     Hi LCB'ers because of the launch of the new site design i had to temporarily close this contest. Lets start fresh - for any member that may have already enterted a...
        CLOSED - LCB $250 August Contest – Lets Play Roulette

      Join today and start earning rewards

      You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
      S logo
      Select Language
      Search
      Search Results

      Report to moderator

      Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

      Please note that your email address will be revealed to the moderators if you use this

      Submit
      39012170