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Online Casinos and Bill Progressing

Barney Frank’s bill may actually be coming into fruition in the very near future as rumors are circulating Congress that his landmark bill is actually going to make it to the floor of Congress for markup. Frank’s bill, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act (HR2267), would actually repeal the controversial UIGEA that blocks offshore online casinos from operating in the US market. Frank has long been a proponent of a legalized and regulated online casino gambling market that properly protects player interests while also allowing the government to pull taxes from the industry. Frank’s bill has been in development for three years now, and with a solid 66 bi-[partisan co-sponsors on the bill there is a hope and a rumor that it will actually make it to the floor of Congress.

Frank is Chairman of the House Financial Services Committee and therefore has a bit of sway in the process – but even with his influence, the ongoing healthcare reform debates have completely dominated all discussions for months and pushed the online casino gambling debate aside. With the healthcare debate winding down, the online casinos have an opportunity to take a more prominent point of discussion. John Pappas, the Executive Director of the Poker Players Alliance (PPA) voiced his opinion that the bill is likely going for markup this spring.

The PPA is incredibly active in the US online casino gambling situation and although the PPA is specifically pushing poker, Frank’s bill would also legalize the poker industry throughout the US and legitimize all of the PPA’s efforts over the past three years.