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A record amount was spent lobbying for a UIGEA repeal, thanks in part to the desire of Harrah’s to enter the online gambling market. But is Obama’s team back-tracking on the UIGEA delay? Read more here.
With less than the needed Senate majority of 60 senators now, Obama will tread lightly on anything controversial, leading up to the 2010 mid-term elections. Expect nothing to change at least until then. Additionally, you can bet that any legislation that is introduced to overturn UIGEA will be structured so that it only benefits U.S. gambling companies. N.J. is already looking towards legislation that will make it legal for their in-state casinos to go on-line, but will prohibit any non-U.S. casinos from engaging N.J. state residents.
It will possibly start out with US companies using excisting online software. Hence Party, Playtech and Microgaming’s exit from the US, to pave a re-entry with the US gambling giants as licencees.
@Dominique 215873 wrote:
It will possibly start out with US companies using excisting online software. Hence Party, Playtech and Microgaming’s exit from the US, to pave a re-entry with the US gambling giants as licencees.
Perhaps, that is one theory. However, IMO, we are a long, long way off from seeing anything of this magnitude. If I had to take a guess, 2013 at the earliest. It will take lots to reverse UIGEA, which took many years to find its way into law (despite its nebulous rules and regs). This is not high on anyone’s agenda right now, and is still a political and social hot-potato.
