Home

The waiting continues, but if his own word is any sign of a light at the end of a tunnel, Barney Frank is closer than ever to finally introducing legislature that will overturn the Unlawful Internet Gambling Enforcement Act and regulating online casinos.  Last week, Barney Frank gave us nothing more than a tease by mentioning online casinos in passing when discussing rights that he feels all Americans should have.

This time around the Chairman of the House of Representatives House Financial Services Committee was asked point blank about his intentions to introduce legislation that will repeal the Unlawful Internet Gambling Enforcement Act and his response was very exciting.

“We'll be introducing it next week and I plan to move on it,” answered Frank when he was asked about online casinos at the Reuters Global Financial Regulation Summit.  Things may be changing very soon for the online gambling industry in the United States.

Now is the time if there ever was one to repeal the Unlawful Internet Gambling Enforcement Act, a law that has saddled the American financial institution with the added burden of enforcing a law that has proven, time and again, to be virtually unenforceable.  At the moment the financial system is on the edge of ruin and needs to focus on more important issues as they go forward.

Another reason to strike the Unlawful Internet Gambling Enforcement Act from the book is to please our trade allies, especially in Europe.  A major portion of the western world has embraced online casinos and regulated the market.  The European Union and the World Trade Organization has expressed repeated disappointment with America’s protectionist policy toward online casinos.

 

Casino News