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Still in the Works

While the defeat of Congressman Barney Frank’s latest piece of internet gambling legislation was a blow to many in the online casino gambling industry there is still hope. Frank has not ceased efforts on his previously proposed gambling act – the Internet Gambling Regulation and Enforcement Act (IGREA) and as support for the proposal grows, there is a light at the end of the tunnel. IGREA is designed to neutralize the controversial ban on foreign online casinos, the UIGEA, and if implemented gives power to the individual U.S. state governments to regulate internet gambling.

The defeated legislation, HR 5767, was a close call and almost passed through the House Financial Services Committee, but unfortunately the vote tied and therefore failed to pass. HR 5767 was a piece of legislation that would not have solved the U.S. online casino gambling situation but would have instead put a halt on the controversial drafted enforcement regulations for the UIGEA while Congress continues to debate the internet gambling issue.

Fortunately for the online casino gambling industry, there are several other bills in the works. Frank’s IGREA is at the tops of the list with 48 cross-party co-sponsors for the bill – IGREA would proposes licensing and regulating the internet gambling industry. Also in the works is a bill from Representative Robert Wexler that seeks to legalize internet poker specifically – this bill has also gained support although it’s limited scope doesn’t provide much hope for the offshore online casinos ousted from the U.S. market. Last on the list of promising bills is Shelley Berkley’s proposal for a study of the internet gambling industry.