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.
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