Saturday, April 19, 2008
Can US Online Casino Players stop the UIGEA
2:57 AM | 
Posted by
coolvision
The big question that is circulating these days about USA online casinos is: Can the UIGEA Be Stopped? As another money processing service stops serving U.S. casino players, two membvers of Congress release a bill that prevents the implementation of the UIGEA.
The bill to ban US online casino gambling, the UIGEA, shook the online casino industry when it was introduced towards the end of 2006. Although many American casino players felt that the bill would not be able to create a complete ban on Internet casinos, it did do some major damage to the online gambling industry. The prior to the implementation of the UIGEA, there were 2,500 online casino sites that generated in the vicinity of about $15. After President Bush signed the UIGEA Bill, the online casinos revenues went dopwn by about 50%.
Barney Frank, a democrat Congressman from Massachusetts and Ron Paul, a republican from Texas, are doing their best to stop the UIGEA. They recently introduced a new bill in an attempt to stop the US government from inforcing the Unlawful Internet Gambling Enforcement Act.
The two congressmen declared that their push behind the bill is the idea that the federal government should not be able to legislate or control morality. They also believe that the government does not have the ability to identify and stop all the transactions between what the illegal Internet gambling companies and U.S. casino players due to the fact that most of these companies are based abroad.
During a congress hearing on the proposed rules of the UIGEA on April 2, one of the congressmen submitted a written statement that said in part:
“The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own.”
Rather than ban internet gambling completely, the congressmen suggest that the online gambling sites will be regulated by ing fees and and taxation.
Thus far, many online casino players from the U.S. are beating the ban using various deposit methods. Despite the UIGEA there are approximately 100,000 people playing casino games online at any given moment. Until the ban is fully implemented or someone comes up with a compromise the US government can accept, the online casino gambling industry will try to come up with ways to serve its avid casino players.
The bill to ban US online casino gambling, the UIGEA, shook the online casino industry when it was introduced towards the end of 2006. Although many American casino players felt that the bill would not be able to create a complete ban on Internet casinos, it did do some major damage to the online gambling industry. The prior to the implementation of the UIGEA, there were 2,500 online casino sites that generated in the vicinity of about $15. After President Bush signed the UIGEA Bill, the online casinos revenues went dopwn by about 50%.
Barney Frank, a democrat Congressman from Massachusetts and Ron Paul, a republican from Texas, are doing their best to stop the UIGEA. They recently introduced a new bill in an attempt to stop the US government from inforcing the Unlawful Internet Gambling Enforcement Act.
The two congressmen declared that their push behind the bill is the idea that the federal government should not be able to legislate or control morality. They also believe that the government does not have the ability to identify and stop all the transactions between what the illegal Internet gambling companies and U.S. casino players due to the fact that most of these companies are based abroad.
During a congress hearing on the proposed rules of the UIGEA on April 2, one of the congressmen submitted a written statement that said in part:
“The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own.”
Rather than ban internet gambling completely, the congressmen suggest that the online gambling sites will be regulated by ing fees and and taxation.
Thus far, many online casino players from the U.S. are beating the ban using various deposit methods. Despite the UIGEA there are approximately 100,000 people playing casino games online at any given moment. Until the ban is fully implemented or someone comes up with a compromise the US government can accept, the online casino gambling industry will try to come up with ways to serve its avid casino players.
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