Contradicting Reports on Online Gambling Industry's Future
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| | | Contradicting Reports on Online Gambling Industry's Future | 27 Jul 2006 While the online gambling industry is still trying to fully grasp the implications of US House of Representatives' recent approval of a bill indirectly banning online gambling; any effort to gain understanding of this anti online gambling bill's progress in the Senate has proven to be quite complicated.
Earlier in July, US House of Representatives voted in favor of a legislation prohibiting banks and credit card companies from making payments to online gambling sites. This bill is yet another step toward banning online gambling in the United States and basically makes online gambling sites illegal. An aide to the majority leader Senator Bill Frist, was quoted by Reuters wire services, claiming the bill is facing some opposition in the US Senate and is still discussed by lawmakers. The aide told Reuters that only after the chamber takes its August recess, will the bill come up for a floor vote.
Later that day, Reuters issued an update on the anti online gambling legislation with some contradicting information. Now quoting a more senior aide to the majority leader, Frist's chief of staff Eric Ueland, Reuters reported that while the online gambling prohibition bill does face some opposition, its backers still intend to address it within a few weeks. Ueland rejected earlier report and asserted Frist is determined to hold a floor vote before the Senate recess, set to begin on August 4th. The online gambling industry now awaits additional developments regarding US Senate legislation and keeping their fingers crossed for a good resolution.
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