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

Online Casino Gambling --- Casino News

A Long Road to Online Casinos
 

The internet casino gambling industry in the United States is on the long road to legalization, licensing, and regulation of internet gambling. The Unlawful Internet Gambling Enforcement Act (UIGEA) effectively blocks internet gambling from offshore online casinos, and while the highly controversial act has strained U.S. foreign relations with the EU and the small island nation of Antigua and Barbuda, the USTR and many members of Congress are still reluctant to neutralize the UIGEA or at least put a stop to the continued drafting of support regulations for the Act.

Congressman Barney Frank is one of the leading politicians truly concerned about implementing change in the U.S.’s current stance toward foreign online casino gambling companies. With the support of Ron Paul, Frank and Paul have launched HR 5767, a bill that would effectively put a full stop to support regulations for the UGIEA. The UIGEA requires that the Treasury Department and the U.S. Federal Reserve finalize the enforcement regulations that would actually give the UIGEA teeth. Right now, the UIGEA is largely ambiguous about what qualifies as online casino gambling and which types of transactions should be blocked by the U.S. financial institutions.

Although HR 5767 is slowly gaining the support of other politicians and members of Congress, many analysts fear that no matter how much support Frank and Paul are able to drum up for the site, there is no way that it will actually pass through the current House and Senate in the near future.

The bill specifically would stop the government authorities from “proposing, prescribing or implementing” regulations for the UIGEA online casino gambling ban. Because of the current political climate though surrounding internet gambling, stopping the regulations is only the first step. Actually licensing and regulating the industry could be several years down the road.