The perfect online gambling bill, what would that entail for an industry and on a national front? Poker, casino games, bingo and even perhaps a bill legalizing all aforementioned forms of gambling, with a no bad actor clause, players joined together on an international level holding hands and singing Kumbaya as jackpot bells echo across the land.
Sounds to good to be true does it? Well perhaps that’s what many believe Peter Kings Bill is, the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2013, i.e., (UGRCPEA), just to good to be true. U.S. Senator Harry Reid’s Bill failed and he has little hope that Kings Bill will meet greater success.
In 2006, the U.S. Congress enacted the Unlawful Internet Gambling Enforcement Act,(UIGEA) which prohibited acceptance or processing of financial instruments for the purpose of unlawful Internet gambling, but which did not clarify which bets or wagers are prohibited by law.
Many U.S. states are seeking legalization individually – New Jersey, Delaware, Nevada, Illinois to name a few and others seem to be waiting, waiting for the day when online gambling will be given the green light.
Calvin Ayre produced a video outlining Joe Brennan’s (iMega – Interactive Media Entertainment & Gaming Association) speech at the recent New Jersey regulation at the iGaming SUPER Show, Brennan shares his opinion of a focus should shift from “bad actors” to regulation, watch below:
Over on the Shore, New Jersey regulators gave Atlantic City’s casinos until June 30 to submit requests for an online gambling permit although November 26 is the official date for New Jersey’s launch of online gambling.
In the publication release of FAQs for Internet Gaming from the Division of Gaming Enforcement, read the announcement here, Director David Rebuck states, “The Division of Gaming Enforcement is fully committed to a robust Internet gaming system in New Jersey that promotes public confidence in the effectiveness and integrity of the regulatory process and oversight of gaming operations.”
Vendors are required to complete all filings by July 30th.
In an update to Pokerstars battle with Atlantic Club Casino, the parent company to the online poker mega group has issued an appeal of the New Jersey Superior Court ruling. Stars’ $11 million dollar deal was put to rest after a ruling stated their deadline to obtain preliminary approval from state authorities to own the Atlantic City Club Casino had not been met.
“This is a matter of great public importance, to the Atlantic Club’s employees, to the highly regulated casino industry, to (state casino regulators) and to plaintiffs, who invested more than $11 million in the Atlantic Club in connection with the purchase agreement,” Rational wrote in its appeal.
Rational Group’s appeal claims Superior Court Judge Raymond Batten “misconstrued” the purchase agreement, making many errors on behalf Stars’ parent group as he “improperly considered” testimony from Atlantic Club’s witnesses and considered included documents that were not formally entered as evidence.
Pokerstars’ filing of the appeal comes days after CEO Mark Scheinberg signed a consent order of forfeiture of $50 million dollars in a settlement with the U.S. Department of Justice.
Stay tuned for more on this case as we are sure this is going to get good.