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auCL-Ed
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29 July 2010 - 11:07pm

One step closer to legal online gambling in the USA

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Good news for our American friends for once! Yesterday the USA took a small but significant step towards legalising and regulating online gambling.

The House Services Financial Committee voted to approve Barney Frank's HR2267 bill which would legalise online gambling in the USA. It now moves forward where it will be voted on by the House. If it passes there it is again voted on by the Senate, and if that succeeds it needs to be approved by the President. So there is still a long way to go before this becomes law.

What it means for players:
- You will not be able to gamble using a credit card, but debit cards would be ok
- Winnings from gambling online would be taxable
- Casinos would be required to display the odds of winning each game
- Sports betting online would be illegal
- Companies which currently accept U.S. players despite the UIGEA law will not be allowed to gain a U.S. license.

Full report here: UIGEA: HR2267 bill approved by House Financial Services Committee

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usUsne
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2 August 2010 - 3:48pm
#1

Hi ed,

We are slowly but surly going to get there. What i am not quite understanding is the US license. Does this mean current casinos such as RTG casino that do allow US players will not be allowed to accept US players legally under the new regulations?

If that is the case then there will STILL be restrictions on players.

Usne

auCL-Ed
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3 August 2010 - 12:35am
#2

Yes that is correct. It remains to be seen whether this will stop them accepting U.S. players anyway. Somehow I doubt it.

On the bright side, big companies like 32 Red, Party Gaming, Intercasino, Virgin, possibly the other Microgaming casinos (we'll have to wait and see what the U.S. makes of their half-baked effort to withdraw from the U.S. market) will all be able to re-enter the U.S. market. And I'll bet the Las Vegas land based casinos are ready to go the minute this becomes legal too. So that means lots of high quality competition for players, fast payments, and better service.

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Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

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