New co-sponsors for Barney Frank's bill proposing regulation of online gambling lined up while delay brings the bill's timing precariously as regards to UIGEA implementation. Two Democratic Representatives announced they might join the opposite 66 leaders declaring backing for the web gaming bill.Dina Titus of Nevada and William Owens of latest York placed their names some of the co-sponsors on April 15th. Titus giving her approval is seen by some as an auger of fine things, as Nevada's Congressional delegation is heavily influenced by the land casino operators.
If Titus found it politically expedient to declare support for the net gambling bill, there can also be some certainty she believes a minimum of one of the crucial big land gambling companies are alright with Internet casinos.
Still, the bill remains postponed from hearing after Frank's office mysteriously announced a scheduling conflict and suspended the bill's committee hearing after it had waited for a year to advance. And the companion bill, shelving the UIGEA enforcement plans for a minimum of a year, may become urgent as lower than a month is left of the six month Treasury extension.
Several Congressional measures already include financing clauses using revenue projected from the taxation of online gambling. Without continued progress during the legislature by the Frank bill, a Treasury already questioning the way it pays for programs should scramble to hide billions in lost income.
Published on May 2, 2010 by JulieWong
Read More... [Source: Gambling Bill News]
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