When the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006 a lot of the foreign gaming companies left the US market. Even though the law only came into effect in June of 2010, most companies with listings in the London Stock Exchange pulled out of the market when the law was signed.
A couple of online gaming companies decided to start a new venture and explore the Spanish speaking online gambling market. They have directed their efforts to Spanish speaking countries in Latin America and Spain and most of them say that they have found an unexploited gold mine in that part of the world.
News broke that Gauteng, a South African province has declared online gambling an unlawful activity. This was announced by the North Gauteng High Court on August 20th and the decision was delivered during the long running case in which the operators of Piggs Peak Online Casino based in Swaziland challenged the jurisdictional authority of South Africa.
After the hectic reporting of the passing of the HR 2267 in the House Committee, news on gambling legislation is coming in more slowly this week. .The HR 2267 has got its 70th co-sponsor. The time gap between the 69th and the 70th co-sponsors was long but worth it. This is because the new support comes from a Republican, Congressman John Campbell from California.
On some terrific news it was reported that the House of Financial Services Committee approved a bill that will legalize and regulate online gambling in the United States. The bill was passed last Wednesday after a few ammendments were made.
The bill was passed in a 41-22-1 vote and it was bill HR 2267, the one that Committee Chairman Barney Frank had been fighting for since 2008 as it aimed to repel the Unlawful Internet Gambling Enforcement Act.
The bill that seeks to repeal the Unlawful Internet Gambling Ban (UIGEA), HR 2267, is sponsored by Congressman Barney Frank. The latest news on this issue are that a hearing date has been announced for HR 2267 on July 21st.
HR 2267 has been in a limbo since December 2009, when it was proposed, and it seeks to legalize and regulate online gambling. Some anti-UIGEA supporters believe that this step is not going to take the bill anywhere for several reasons.
Recently, the government of BC in Canada launched their own site for online gambling in an attempt to tax and regulate the market. The British Columbia Lottery Corporation offered a variety of 75 gambling games on this site and they had a great turnover of players.
However, the online gambling site crashed within just a few hours after being launched due to