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Likelihood of Repeal

The online casino gambling industry views the upcoming US presidential election as one of the largest chances that the industry has of ensuring the repeal of the highly controversial Unlawful Internet Gambling Enforcement Act (UIGEA). The UIGEA was passed two years ago and has brought a huge amount of problems to the US in terms of international relationships with countries such as Antigua and the 27 nations that make up the European Union.

The Bush Administration stands firmly behind the UIGEA and has yet to allow any sort of revisions to the flawed legislations despite requests from the US financial services sector. The only bright side is the fact that the US is coming upon an administration change and those in the industry predict that, if elected, Barack Obama is the most likely to implement changes to existing online casino gambling legislation.

As the election is less than a week away at this point, those in the online casino gambling industry have thoroughly analyzed both candidates policies. That means an analysis of both the Republican and Democratic platforms, statements from both candidates, and other indicators.

According to the results of the analysis, Anthony Cabot, a lawyer in Las Vegas, concludes that Obama is the better vote – at least in terms of supporting the online casinos. The UIGEA criminalizes internet gambling for the internet casinos and while not punishing the US players, the current drafting of the legislation puts the onus of implementation squarely on the shoulders of the US banking industry.