Online Casino Gambling Confusion: 2
The late minute addition of the UGIEA is the crux of the issue for many in the
land and online casinos gambling industry, the fact that the UIGEA passed under
such questionable circumstances and is unenforceable as written. Not only did
Senator Kyl pass the UIGEA under the radar of other politicians and those in the
online casino gambling industry, but that has directly cuased the current issues
because the UIGEA online casinos gambling ban was not debated and passed around
for clarification prior to passage. Instead, the Act passed with a egregious
flaw – lack of a definition of the very thing the bill seeks to ban: internet
gambling.
Illegen went on to stress that the many in the land and online casinos gambling
industries, as well as the banking and financial sectors, and even the
government agencies responsible for drafting the regulations pointed out the
Act’s flaws at last month’s Congressional hearing. He notes, "To truly place
checks and balances on Internet gambling, Congress should look to existing
legislation that would seek to regulate online gambling in order to protect
children and problem gamblers and collect the billions of dollars in lost tax
revenue from these transactions.”
And in the end Illegen points out that the online casinos gambling industry and
Congress really have one option from here – regulation. And pointing fingers and
delusional denial of the UIGEA’s true flaws will not get the United States any
closer to a solution. “Let's not blame regulators for struggling to enact this
flawed and ambiguous bill, and [rather] start looking for workable solutions to
truly regulate this growing online industry,” comments Illegen. |