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Bring Back the Online Casinos!

Barney Frank is currently developing and supporting a bill for Congress that would usurp the Unlawful Internet Gambling Awareness Act. He is pushing for Congress to agree to licensing and regulation of online casinos rather than the current ban in place. And he isn’t the only one who thinks that the United States needs to seriously rethink the UIGEA, the Safe and Secure Internet Gambling Initiative is powered by the UC Group (a London based company) which has an interest in seeing online casino gambling legalized in the U.S. once again.

The UC Group is an online casino payment services provider, so naturally the group will benefit from large-scale U.S. gambling once again. But the support for Frank’s bill goes one step further, CEO of the UC Group, Kobus Paulson, says, “We are proud to be backing this Bill which will bring safety and security to this line of business, an objective which we have been committed to achieving for quite some time.”

Because the online casino gambling industry has no current regulations and safe guards against misuse, even international companies like the UC Group see the benefit in a set of specific regulations and controls, rather than a ban which just encourages gamblers to play at online casinos below the government’s radar. A spokesperson for the group, Jeffrey Sandman, elaborates, “Millions of Americans are currently gambling online in an unregulated environment without any consumer protection. Internet gambling is a matter of personal choice and many Americans see the current prohibition as an unnecessary intrusion into their private life.”

Central to Frank’s bill is the notion that with the changes to current U.S. legislation, the U.S. will be providing more protection to the online casino players than the UIGEA provides through set controls and constant monitoring. U.S. players have not stopped gambling at the online casinos, and there isn’t any way for the U.S. to stop them from playing, since it is not illegal. So it seems that the government is in a check situation, with the only move being to take a step back and re-evaluate the situation.

Paulson also says, “It is clear that prohibition in the US isn’t working for anyone. Instead of leaving internet gambling unregulated, uncontrolled and underground, this legislation will create meaningful protection and safeguards for consumers throughout the USA. It will also ensure the integrity of internet gambling transactions.”

Baker Tilly, a British accounting group is also working with the UC Group to support the Safe and Secure Internet Gambling Initiative.