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Nitty-Gritty of Offshore Ban on Online Casinos: 7

Now we have examined most of the policy and foreign controversy that surrounds the UGIEA offshore online casino gambling ban. The next step will look at controversy within the United States and attempts by members of Congress and politicians hoping to repeal or neutralize the UGIEA. The first politician associated with the US online casino gambling issues is Congressman Barney Frank. Frank is regarded as a friend to the industry and is responsible for the majority of the efforts to repeal or neutralize the UIGEA of the past two years. Other supporters have more specific goals – ie only legalizing internet poker and leaving the restrictions on the online casino gambling industry.

Barney Frank is the chair of the House Financial Services Committee and as such he has been able to suggest several pieces of legislation decided to neutralize the adverse effects of the UIGEA offshore ban on online casinos. Up until last month none of his legislation made it out of the Committee – he attempted to pass a piece of legislation that would hold the banks faultless for any illegal online casino gambling transactions until the regulations were better defined. Frank’s signature piece of legislation the Internet Gambling Regulation and Enforcement Act (IGREA) is still gaining bipartisan support and Frank has not yet attempted to get it passed through the House and Senate.

Other support from the online casino and poker gambling industry come from various legislation that would provide carve-outs for poker based on the argument that poker is a game of skill versus a game of chance. This concludes our seven part series of the specific nitty-gritty details of the UIGEA.