Tag: Barney Frank

Blackjack and Online Gambling Could be Effected by Florida Elections

Yesterday Florida hosted their primary elections for the upcoming November general election. Up for grabs in the general election will be a seat in the Senate and the governor

UIGEA Implemented Today

Well, it is the beginning of June. And that means that the Unlawful Internet Gambling Enforcement Act (UIGEA) is now in effect.

But really do not expect things to change for those who play in online casinos and gamble online. The actual implementation and action of UIGEA does not rest on the shoulders of those of us who play blackjack online, or slots online, or poker or any other online casino game. That is correct. The UIGEA does not actually focus enforcement on the players.

Rather the enforcement and implementation rests in the hands of financial institutions, such as banks and credit card companies. Under UIGEA banks and credit card companies are the ones responsible for stopping all transactions to and from online casinos.

And that is why those who play online casino games will probably not be as affected by the UIGEA as they might think. See, online casinos are on the clever side. They use coding so that banks and credit card companies will not recognize that the funds to or from an online casino will not be recognized.

The UIGEA says, in short, that banks, credit card companies and other financial institutions cannot knowingly process transactions to or from online casinos. But if, thanks to the coding used by online casinos, banks and credit card companies do not recognize that the transactions are going to and from online casinos then they will not be able to stop them. And because they are not knowingly processing the transactions, it makes them

Tribal Governments Not as Against Online Gambling as We Think

Because many of the highest grossing casinos in the United States are owned and operated by one of the Indian tribes it would seem natural that they would be against the US legalizing online gambling. And for the most part the tribes were. But with attitudes towards legalizing gambling softening and individual states legalizing some online gambling, the tribes are having to re-evaluate their stance on online gambling.

It

Tribal Casinos vs. Online Casinos

It is well known that Congressman Barney Frank is at the head of trying to make online casinos and online gambling legal in the United States. He is trying to put through the U.S. Congress HR 2267, Internet Gambling Regulation, Consumer Protection, and Enforcement Act.

Basically Frank is trying to make it legal for us to wager on casinos games, such as blackjack, within the U.S. It would also allow the U.S. Federal Government to regulate and tax online gambling. And if online casinos became established within the U.S., it would allow the Federal Government to tax those online casinos.

It would be more revenue for the U.S., who could use the money.

Enter the tribal casinos.

Tribal casinos are some of the most prominent land based casino organizations in the U.S. And they are, of course, against Frank and his bill to legalize online gambling and online casinos within the U.S. No, it