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April Deadline Stirring Excitement

Congressman Barney Frank, the Chairman of the House Financial Services Committee is stirring a bit of excitement throughout the online casino gambling industry with his announcement that he will once again introduce his internet gambling bill to the Congress before the end of April. Congress is currently not in session because of the Easter holidays, but comes back half-way through the month. Offshore online casinos are closely watching the new developments in the US’s internet gambling policy and there is actually a lot riding on whether Frank can affect some real change in the US’s gambling policies. The European Union is now pushing US politicians for a new policies, as is the WTO, and several US states are even welcoming a regulated gambling market because of the revenue that it would bring to the state coffers.

There is really no telling which way the votes are going to go on the online casino gambling issue. Although Congress is still controlled by a majority of Democrats, analysts say that this is not going to be enough to ensure that Frank’s new legislation passes. There is also a lot of opposition to internet gambling and the bill is undoubtedly going to raise a lot of debate when it is brought to the floor of Congress for discussion. The Republican right has the support of conservative Christian groups. But on the flip side, Frank’s bill introduces a way for the US government to bring in a lot more revenue – which is certainly an attractive proposal during an economic recession.

The introduction of Frank’s bill is enough to give the foreign online casinos the hope that there just might be new US policies in place sometime in the near future. Although Frank is not wholly confident the bill will pass this time, he will continue to fight for a regulated and licensed internet gambling industry and the repeal of the UIGEA for as long as it takes.