Bill Frist Pleased With Impact Of UIGEA
Published: Tuesday, October 24, 2006 Online-Casinos.com
BILL FRIST PLEASED WITH IMPACT ON INTERNET GAMBLING OF UIGEA
"It's unfortunate that stocks went down overseas," says press secretary
Republican Senator Bill Frist - the politician US online gamblers love to hate - is reportedly pleased with the initial impact of his Unlawful Internet Gambling Enforcement Act, according to a member of his staff this week. Three weeks on from Frist's politically savvy navigation of the Act through Congress, his press secretary Caroline Weyforth told a writer from Casino City that the legislation has already wrought dramatic changes in the offshore online gambling industry.
"I would say that it is succeeding," said Weyforth. "Internet gambling was illegal and people were ignoring that fact. Overseas companies were ignoring U.S. law and coming up with ways around our laws, so all this bill did was basically put a mechanism in place to enforce existing laws."
UIGEA has already scared the online gambling industry's largest players away from the U.S. market. Public companies like PartyGaming and 888 feel the UIGEA has closed enough gaps in the law that it is no longer possible for responsible companies to offer wagers to Americans.
The ensuing stock crash wiped billions of dollars off the London Stock Exchange.
In a masterpiece of understatement, Weyforth told Casino City: "It's unfortunate that stocks went down overseas. That's not something that anyone likes to see, but at the same time we are a nation founded on laws and those companies were flagrantly ignoring our laws.
"We don't want to see any companies not work in the United States, but we are founded on laws and these shareholders from the United States who were betting on US authorities to look the other way have been proven wrong in that aspect.
"We started off with Internet gambling being illegal and they found a way around it - we've stopped that," said Weyforth. "No one would be surprised if they found another way around it. But again, the bottom line is that it is illegal, and there is now a mechanism in place to enforce that."
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
