Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

And the Criticism Rains Down

It doesn’t even take a opponent of the Unlawful Internet Gambling Enforcement Act (UIGEA) to note that the currently proposed regulations regarding the U.S. based online casino gambling industry are less than adequate for all that would be required of U.S. business to effectively identify and limit unlawful online casino gambling transactions. Government officials in the U.S. Treasury Department released the preliminary UIGEA regulations which are certainly long overdue – but given the fact that the Treasury Department took extra time drafting the regulations, they are less than anticipated and scarcely address all of the growing concerns within the online casinos and financial industries.

A key issue that immediately surfaced within the financial companies is the fact that the regulations still do not give specific guidelines for determining which online casino gambling transactions are legitimate (like those at horserace betting and fantasy sports sites) and those transactions that are banned (any transactions processing for offshore internet gambling companies.

The Center for Regulatory Effectiveness (CRE) noted that the preliminary regulations also left out "objective, supported estimates" on implementing and maintaining the regulations. In addition, the Paperwork Reduction Act requires that the regulations and report contain information addressing the burden that these online casinos regulations would put on the related businesses and permitted gambling sites.

The CRE report concluded with a strong statement that certainly made many in the online casinos industry pleased. It stated: "Without such a determination, which underlies all identification and blocking tasks, the entire set of policies and procedures would be useless, lack practical utility and, thus, could not be approved by OMB (the Office of Management and Budget).