Report: UIGEA Regulations Postponed Six Months?!?!?!?

[NickM]

Just saw this at PokerNewsDaily.com:

Report: UIGEA Regulations Postponed Six Months

Excerpt:

Quote:

The regulations of the Unlawful Internet Gambling Enforcement Act (UIGEA) have been delayed six months from December 1st, according to Interactive Media Entertainment and Gaming Association (iMEGA) Chairman Joe Brennan. Neither U.S. Treasury Secretary Timothy Geithner nor Federal Reserve Chairman Ben Bernanke had made any official comment regarding a six-month delay at press time. The two government officials received petitions to stay the UIGEA’s regulations by one year in letters filed by the Poker Players Alliance (PPA), National Thoroughbred Racing Association, the American Greyhound Track Operators Association, and members of Kentucky’s Congressional delegation. Congressman Spencer Bachus (R-AL) and Senator Jon Kyl (R-AZ) asked the two officials to uphold the original December 1st industry compliance deadline in a dissenting opinion. The news comes one week ahead of a hearing in the House Financial Services Committee regarding two internet gambling bills introduced by Congressman Barney Frank (D-MA) in May that would alter the landscape of the industry in the United States. The first, HR 2266, would have postponed the regulations of the UIGEA by one year to December 1st, 2010. Its viability given today’s news of a likely six-month postponement is up in the air. The measure had attracted 53 co-sponsors on both sides of the aisle.

[Skinski]

Bluff Magazines web-site has reported the same. Hopefully this is all true.

[NickM]

I am seeing this reported by a few other sources. Mainly TheEngineer on 2p2, who is a PPA board member, and quite reliable on this type of stuff.

[MJ]

Compatible poker is also reporting it, which I trust to be true.

[Sebastian]

YES !!!!!!!!

Poker Affiliating has a future baby ! This can only be positive.

[jdwanchalk]

Originally Posted by Sebastian

YES !!!!!!!! Poker Affiliating has a future baby ! This can only be positive.

Even if America put Marshall Law in place to enforce a law against online poker (which is not what UIGEA is anyway), you will still have the ability to promote non US rooms, of which there is no shortage.

[Bryan]

Originally Posted by jdwanchalk

Even if America put Marshall Law in place to enforce a law against online poker (which is not what UIGEA is anyway), you will still have the ability to promote non US rooms, of which there is no shortage.

Getting paid by non-US facing rooms is a serious PITA...

[jdwanchalk]

Originally Posted by Bryan

Getting paid by non-US facing rooms is a serious PITA...

Right right, I was just looking at it from the point of view that you will still be able to promote non US rooms, which in turn means that there would still be money to be made (however hard that money might be to obtain).

[PokerDude]

Looks like this is official.....off the Reuters' wire:

Treasury, Fed delay Internet gambling ban 6 months - Yahoo! News