Online Gambling Regulation Bill Passed

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Last post made 15 years ago by josie46
givennsz
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  • givennsz
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  • givennsz
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    • givennsz
    • at Jul 30, 10, 08:03:06 PM
    • United States Super Hero 1021
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    Thanks from:

    Online Gambling Regulation Bill Passed by House Committee

    By Gaby on Jul 30, 2010

    On some terrific news it was reported that the House of Financial Services Committee approved a bill that will legalize and regulate online gambling in the United States. The bill was passed last Wednesday after a few ammendments were made.

    The bill was passed in a 41-22-1 vote and it was bill HR 2267, the one that Committee Chairman Barney Frank had been fighting for since 2008 as it aimed to repel the Unlawful Internet Gambling Enforcement Act. His first attempt with the bill failed on a 32-32 vote but this time things worked out well for him, and everyone in the industry.

    Barney Frank, John Campbell and Brad Sherman took care of making ammendments to the bill such as punishing all sites that have broken the law before by not granting them a license and prohibiting all types of advertisements directed to minors. Another ammendment is that from now on all online gaming sites will require a license to be able to operate in the United States.

    The fact is, online poker is not going away, said former Sen. Alfonse DAmato, chairman of the Poker Players Alliance, in a statement. Congress has a choice - it can license and regulate it to provide government oversight and consumer protections, or our lawmakers can stick their heads in the sand, ignore it, and leave consumers to play on non-U.S. regulated websites in all 50 states. Im glad the Financial Services Committee today overwhelmingly chose to act and protect Americans as well as preserve the fundamental freedoms of adults and the Internet.

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    ishin
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    • ishin
    • at Jul 30, 10, 08:15:36 PM
    • Serbia Super Hero 1240
    • last active 8 years ago

    zactly...gambling is here to stay...theres just too much money involved here for lawmakers to turn their backs without getting a cut.

  • Feelin froggy
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    • Feelin froggy
    • at Jul 30, 10, 08:25:00 PM
    • United States Superstar Member 6049
    • last active 2 years ago

    I'm with ishin

  • genenco
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    • genenco
    • at Jul 30, 10, 09:03:38 PM
    • United States Mighty Member 3032
    • last active 7 years ago

    Getting to play at any MG of my choice may be getting closer! grin

  • Lipstick
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    • Lipstick
    • at Jul 30, 10, 09:05:04 PM
    • United States Almighty Member 13901
    • last active 1 year ago

    Thanks from:

    Great post given!! I had no clue. Now all it has to do is pass through the House and then the Senate. Last stop .........President O'bama! Then we will all be Microgaming and Playtech bound!!!

    Lips
  • givennsz
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    • givennsz
    • at Jul 30, 10, 10:22:02 PM
    • United States Super Hero 1021
    • last active 5 months ago

    Yipeeee we will have tons of fun lol

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    ishin
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    • ishin
    • at Jul 30, 10, 10:25:08 PM
    • Serbia Super Hero 1240
    • last active 8 years ago

    Then we will all be Microgaming and Playtech bound!!!

    Lips


    I miss Playtech !
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    MommyMachine
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    • MommyMachine
    • at Jul 30, 10, 11:41:01 PM
    • United States Mighty Member 3746
    • last active 4 years ago

    This is awesome, a step in the right direction for sure...



    :-*

  • Tinmanfan
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    • Tinmanfan
    • at Jul 31, 10, 03:46:07 AM
    • United States Hero Member 766
    • last active 5 years ago

    This is GR8 NEWS :0)  I've been getting sick & tired of jumping thru hoops just 2 enjoy my one & only vice :0)

  • dazzlingdebra
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    • dazzlingdebra
    • at Aug 01, 10, 05:13:40 AM
    • United States Sr. Member 267
    • last active 8 years ago

    testimony and various industry experts.

    Gambling bill details
    Under Frank's bill:

    •The Department of the Treasury would have exclusive authority to license Internet gambling operators and establish regulations for the operation of such businesses.
    •Applicants would be subject to review of their financial condition and corporate structure, business experience, and suitability. They also would be subject to criminal background checks, and would have to agree to be subject to federal laws.
    •Licensed online gambling operations would be prohibited from accepting any bet that is initiated or terminated in a state or tribal land that bans that type of Internet gambling.
    •Any Internet gambling operator receiving a license would be required to ensure that everyone placing a bet is of legal age as defined by the law of the state or tribal area in which the individual is located. The operator also must protect the privacy and security of anyone who places an online bet.
    •The Department of the Treasury could revoke or terminate the license of any operator who fails to comply with the bill's provisions. Violators could be fined or imprisoned for up to five years -- or both.

  • josie46
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    • josie46
    • at Aug 01, 10, 04:40:08 PM
    • United States Hero Member 887
    • last active 9 years ago

    hi gang , this also means the land casinos will have a chance for online as well, hello playteck . i hope Netteller comes back, ty josie46

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