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US Lawmakers Moving Forward On Fighting the UIGEA?
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U.S. House Financial Services Committee Chairman Barney Frank (D-Mass.), who once declared a ban on online gambling “one of the stupidest things I ever saw,” will use a hearing this spring to highlight the headaches he says anti-gambling regulations have created for banks and other financial institutions. At the time of the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA), opponents of the legislation argued it would place onerous requirements on the financial institutions that oversee the flow of money — a point Frank hopes his hearing will drive home.
Plans for UK Supercasinos to Move Forward?
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Although the UK Prime Minister, Gordon Brown, symbolically axed Britain's first Las Vegas-style supercasino, it has emerged that 16 gambling palaces would still move forward. Churches and charities warned that casinos with hundreds of slot machines offering £4,000 jackpots would push up crime, addiction and poverty in the most rundown communities.
Mr Brown won plaudits when one of his first acts as Prime Minister was to block plans to build a supercasino offering £1million jackpots from 1,250 one-armed bandits in a deprived area of Manchester. He also ordered a review into the other 16 casinos - raising hopes he would kill off the gambling free-for-all championed by his predecessor Tony Blair. But yesterday, Whitehall sources signalled that eight large and eight medium-sized casinos would go ahead.