October 4 – Barney Frank’s bill that is meant to clarify the meaning of the UIGEA, will only be heard by the Senate next year. The HR 6870 bill could spell the demise of the hugely unpopular internet gambling edict.
Is Online Gambling Legal – Since there is a question of legality in the United States a lot of these online gambling sites have offshore businesses. In a report they found that 60% of offshore gambling money comes from American gamblers.
Vanguard gambling suit a bust, observers say MarketWatch – 15 hours ago Highlights: , , ) funds, says the investments, “suffered significant losses when the government began arresting principals of the gambling enterprises …
With iMEGA’s appeal and the government’s response having been filed, the United States Third Circuit Court of Appeals, which will consider the appeal, has asked both sides for dates in April on which they would be available for the oral argument.
Obama has asked the American people for input on what they would like to see him do over the next four years.
Harrah’s announced last week that the fourth annual MBA Poker Championship will take place over the Martin Luther King holiday weekend at Caesars Palace Las Vegas. The weekend’s three tournaments – a $225 buy-in main event, a preliminary $65 tournament, and a $150 second-chance event – are all open to full-time and part-time M.B.A. students and alumni who are of legal gambling age.
These regulations, sent to the Office of Management and Budget (OMB) on Oct. 20, would effectively ban online gambling in the U.S. by making it illegal for banks to process credit card transactions from most Internet gambling sites.
iMEGA submitted the challenge last year, and the District Court dismissed it. iMEGA then appealed the dismissal, and since then the case has been slowly wending its way through the Third Circuit Court of Appeals. 2007: iMEGA files challenge In June 2007, iMEGA filed suit in the United States District Court in Trenton, N.J.