U.S. LEGAL - MORE ONLINE GAMBLING COMPANY DECISIONS
(612) (6-October-2006)
Hard-headed thinking seems to have kicked in at last....
With the initial panic over last weekend's rushed US Congress action
against online gambling dying down, operational companies are starting
to look more objectively at the practical implications of this essentially
financial restrictive US proposal.
The Unlawful Internet Gambling Prohibition Act contains no provisions
that would make it illegal for a person located in the U.S. to place
a bet with an online gambling company. All provisions are directed at
trying to stop the flow of US money to offshore gambling companies.
Jackpot Factory group started the positive ball rolling when it announced
earlier in the week that whilst it was monitoring the situation it would
be business as usual when it came to US players (see previous InfoPowa
reports) Several other major online casino and poker room groups
have now followed suit, and as we went to press the respected Cardplayer.com
site had published an excellent and practical review of the entire situation
which will go some way to calming the business hysteria that has been
so prevalent this week.
The Leisure and Gaming group, which includes many top online gambling
companies, acknowledged the introduction of the Unlawful Internet Gambling
Enforcement Bill, is monitoring the situation closely and is continuing
to take legal advice on any impact this may have on its business. In
the meantime the group continues to operate its business in the usual
course.
The important Mansion group said that the full effect of the legislation
at this time remains unclear. Mansion continues to closely monitor developments
of the proposed amendments to U.S. legislation, and the online gambling
group is actively seeking the best legal advice to remain fully informed. "We
are committed to ensuring our members are well informed, should any of
the proposed regulations have an impact on the conduct of our business
and the availability of our products and services," says the announcement,
adding that: "We wish to reassure our members that at this
time, Mansion continues to trade normally and we remain committed to
delivering the quality and standard of service that they have come to
expect from us."
The Roxy Palace and Vegas Splendido online casinos told webmasters that
the company will be conducting business as usual and will still accept
US players at both casinos.
The Board of International All Sports Limited ("IAS") issued
a statement saying that the company "....is disappointed that the
USA Government is passing laws to circumvent its commitment under the
General Agreement of Trade and Services to the World Trade Organisation
to allow free international trade in an effort to protect USA gaming
companies that operate in the USA."
The Board noted that US horse racing has been exempted from the legislation
and as such this aspect would not affect the business of IASbet.com. Turning
to subsidiary Canbet , the international brand of IAS that operates out
of the United Kingdom the statement said the US proposal is not expected
to have any financial effect on the operating profit of the group. |