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Online Casino Developments in 2010

There hasn’t been a whole lot of coverage in the United States this year about the progression of the UIGEA outside of the announcement that the enforcement regulations took effect. There has actually been a good amount of development and progress on the situation, however, and online casinos are more hopeful than ever that they might have the ability to affect real change and eventually repeal the controversial UIGEA. The biggest development in the US online casino gambling situation has come from a progression of the two bills that would regulate, license, and tax a US internet gambling industry. Congressmen Barney Frank and Jim McDermot have led the efforts to repeal and neutralize the UIGEA and the more than four years of hard work (on Frank’s end at least) paid off to some extent earlier this year with a Congressional hearing about the internet gambling situation.

Congressman Frank is the Chair of the House Financial Services Committee and has spent three years attempting to get his alternative online casino gambling legislation even on the agenda. Frank successfully had his bill on the docket for discussion for most of last year but it was continually bumped in each session of Congress for more pressing measures. The waiting game came to an end though and the hearing allowed a thorough accounting from both sides of the situation – the online casinos were represented, as were the US banks (hugely affected by the UIGEA), the religious right, anti-gambling politicians as well as the founder and chief supporter of the UIGEA.

Although this hearing resulted in more revisions for Congressmen Frank and McDermot they have progressed to a new stage with higher levels of support for alternative online casino gambling legislation. One major setback this year, however, that cannot be overlooked is the fact that Frank and other US groups were not able to stop the UIGEA enforcement regulations from taking effect on June 1, 2010. These new enforcement regulations are the biggest step the UIGEA has taken since its passage nearly four years ago.