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UIGEA Places Too High A Burden On US Banks
Rules proposed by the feds to implement the Unlawful Internet Gaming Enforcement Act (UIGEA) place a high burden on US financial institutions, according to the Safe and Secure Internet Gambling Initiative. This is according to a report issued a few days ago from Alston & Bird, a national law firm.According to Alston & Bird, even with UIGEA in place, US residents would be able to continue to gambling online and avoiding UIGEA’s regulations by processing transactions through foreign banks in jurisdictions where online gaming is legal.According to the Safe and Secure Internet Gambling Initiative’s Jeffrey Sandman, "The proposed rules create an unprecedented and unwieldy regulatory burden on the US financial services sector. US financial service companies are being left to interpret ambiguous state and federal gambling laws, which do not clearly differentiate between legal and illegal Internet gambling activities or transactions, and then implement unreasonable and costly solutions to achieve compliance.�Sandman’s group favors regulating and taxing online gaming through the Internet Gambling Regulation and Enforcement Act and the Internet Gambling Regulation and Tax Enforcement Act. These bills seek to allow Internet gambling while requiring operators to obtain licenses, take precautions to prevent underage and compulsive gambling, and ensure safety and integrity of financial transactions.By regulating online gaming, the United States could collect billions in revenue that is now being lost.

Euro Trade Rep Tells Washsington That UIGEA Should Be Repealed
Reuters news agency reported that the European Union (EU) Trade Commissioner, Peter Mandelson, told Washington that the Unlawful Internet Gambling Enforcement Act (UIGEA) is unfair to foreign firms and should be repealed. Mandelson came to the US to negotiate compensation for the 27-nation EU following the unilateral withdrawal of the US from World Trade Organization (WTO) obligations after UIGEA was declared discriminatory.“It's not in the interest of American consumers to have good responsible competitors in this market excluded by regulatory mechanisms,� said Mandelson. “What we need to see is a change in US legislation that removes that discrimination against EU operators.�European gambling firms asked the EU to pursue claims of up to $100 billion in compensatory sanctions and Mandelson has indicated that he supports these claims."When a member of the WTO defaults on its commitments, compensation is due,' continued Mandelson. 'That's the case of online gambling."Mandelson also met with Representative Barney Frank (D-MA) and to discuss the legislator’s proposed Internet Gambling Regulation and Enforcement Act (IGREA) that would regulate online gambling and bring the US into compliance with WTO rules.“I think Frank takes a fair-minded, common sense approach to this and we look forward to that being effective legislation,� said Mandelson.

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The More The Merrier - Online Gaming Industry Always On The Move
"More is not always better" is a common phrase, used by many, and sometimes it's even true. Nevertheless, when it comes to online casino games, it is safe to say – more is better! The good news are that as of today, we have two new casino games to enjoy, thanks to Microgaming, one of the leading online casino software providers in the world. The two new games will add to the company's two hundred existing games, including slots, video poker, blackjack and roulette. The company, which is based in the Isle of Man, also offers progressive jackpots through their interlinked network of casino operators.