Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Still Shafting the Online Casinos

The U.S. online casino gambling industry has one more shaft coming at it now that the New York Racing Association (NYRA) is launching a more extensive web presence for the state’s horseracing industry. The U.S. government passed the UIGEA in late 2006 and the repercussions of that piece of legislation continue to have far-reaching implications for the offshore online casinos that are banned from accessing U.S. gamblers. As the U.S. racing industry continues to expand and offer state horserace betting through the Internet, other nations are crying foul.

The European Commission has specifically begun an investigation into the UIGEA and U.S. internet gambling policies because the EU online casinos are claiming unfair discrimination against foreign companies. Because the U.S. has carve-outs in place for U.S. companies and does not allow foreign companies the ability to compete in the horserace betting industry, EU companies are pushing for additional compensation from the U.S. – compensation that will directly benefit the online casino gambling companies that suffered severe losses to gambling profits.

The newest deal for the U.S. horseracing industry involves the NYRA and a new Express Funding project that will give the NYRA an increased Web presence and an ability to fully process online bets for the state’s horse races. The Express Funding phase for the NYRA was initiated by Sona Mobile, a software solutions provider that specifically provides internet technologies and systems to help companies manage online transactions and accounts. The Express Funding phase is just one part of Sona Mobile’s efforts to launch a fully integrated wagering platform for the NYRA.