UIGEA To Be Dropped

Written by: Nikola Zugic on 27/08/2008 16:05

The UIGEA ball rolls onward and this time it looks being a hug step closer to victory for players and non-US based online gambling and gaming companies. EU companies, in particular, have been fighting the allegedly illegal UIGEA because it prevents fair trade between the US and the rest of the world. Talks were to be held earlier this month but the US had stalled – it looks, now, like the reasoning behind this was the proposed dropping of the UIGEA.

The bill is said to be dropped, which should open up the online gambling industry to external companies based outside the US although it is also believed that some of the specific rules may remain.

Signed by President Bush two years ago, the Unlawful Internet Gambling Enforcement Act has been a real bone of contention between the US government, players, and gambling companies. Much has been done from inside the US as well as outside to try and overturn the act and this latest news represents massive headway for detractors of the plan.

The act worked by preventing US based players from making payments and receiving withdrawals and while a lot of players found ways around these restrictions others didn't. The changes in the law should open up the US online gambling industry once again.

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