With just a matter of days before the scheduled implementation of the UIGEA federal online casino ban, the six Representatives from Kentucky have united across partisan lines to invite the date be delayed. The gang of 4 Republicans and two Democrats joined together to sign a letter to Secretary of the Treasury Tim Geithner requesting the implementation be put off.Many opponents had predicted that the block against online gambling payments would inadvertently affect other gaming industries, and the prophecy has held true. State lotteries in North Dakota and New Hampshire has been unable to process Internet sales, and now the pony racing industry finds online horse betting impaired by companies looking to conform to the problematic law.
The latest development, which led the Kentucky Representatives to echo an earlier letter from nineteen Congressmen, is Mastercard deciding to bar transactions using the code for horse race betting, despite the fact that the UIGEA gives racing an exemption. Card companies, unfamiliar and nervous concerning the policy of determining who gets approved, have chosen to err at the side of caution, hurting Kentucky-based gambling.
John Pappas of the Poker Players Alliance told Poker News that "this letter cites a selected incident where overblocking occurred, so I BELIEVE which may be particularly powerful with the organizations (Treasury and Federal Reserve Board)."
Two lawmakers known for his or her anti-gambling screed, Senator Jon Kyl and Representative Spencer Bachus, demanded in a letter that the Treasury adhere to the schedule for the net casino ban. But that also leaves twenty-five bipartisan supporters of a delay to 2 hardcore demagogues insisting on an implementation that clearly is usually a mistake.
Published on November 24, 2009 by EdBradley
Read More... [Source: Horse Racing News]
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