Online Casino News: Hearing
Scheduled Regarding Online Casinos
by Joanne R Tuesday, December 8, 2009 at
11:16 PMOnline casino
gambling enthusiasts will be pleased to
know that there has finally been a
hearing scheduled for December 3rd for
their case. This comes as a surprise,
albeit a welcome one, for online casinos
and the industry. They have been
fighting long and hard to get online
casino gambling legalized, and have
suffered many setbacks along the way.
While Rep. Barney Frank has been working
to get it legalized, he has also been on
the House Financial Services Committee
which has kept him very busy because of
the state of the economy. So to finally
see a hearing set to discuss online
casino hearing – it is a big deal for
the industry.
According to reports, Frank will be
leading the questions from those that
are for and against legalizing the
online casino industry. Witnesses will
be testifying in regards to the Internet
Gambling Regulation, Consumer Protection
and Enforcement Act (IGRCPEA) and the
Reasonable Prudence Regulation Act
(RPRA). Frank himself introduced the
bills earlier this year and has been
trying to move forward on them.
The IGRCPEA simply calls for regulated
online casino gambling, and a
transparency that would keep everyone
honest and safe. The RPRA is simply
trying to delay those regulations that
would go into place come December 1st
for the Unlawful Internet Gambling
Enforcement Act, or UIGEA. Many say that
if the first one was passed that there
would not actually be any need for the
second, but with the deadline for UIGEA
regulation implementation before the
hearing date, it is most likely not
going to happen.
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