Industry experts are expecting that the US Treasury Department will delay the implementation
of the Unlawful Internet Gambling Enforcement Act for another 6 months starting on June 1st.
As March begins, Congress only has three months to move bills to regulate online gambling through the committees, on to the House and Senate floor, and then over to the President.

Experts believe that the first UIGEA delay will run out before any online gambling legislation
passes through both branches of Congress. As more and more politicians begin to support the
various online gambling bills, it’s highly likely that the US Treasury will delay the UIGEA
until December 1st. With online gambling regulation on the horizon and the financial crisis
still having effects on the US job market, the US Treasury does not want to burden the
financial industry with new regulations that will cost millions of dollars to fully implement.

It will be interesting to see if their is any reaction by Senator Kyl, an architect of the
UIGEA, if the US Treasury Department decides to delay the UIGEA implementation once again.
It has been rumored that Senator Kyl delayed the appointments of several key US Treasury
officials due to the US Treasury delaying the implementation of the UIGEA in December 2009.

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Post tags: gambling, gambling law, online gambling, treasury, uigea

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Arizona Republican Senator, Jon Kyl has lifted his block of several nominees for the US Treasury Department. Obama appointed people to fill positions at the US Treasury, but one US Senator decided to block the nominations. Many believe that Kyl blocked the nominees in response to the UIGEA delay on gambling transactions that was issued in December by the US Treasury.

Kyl co-authored the UIGEA which severly cripples financial transactions related to online gambling. Kyl has been working to ban online gambling within the United States for a number of years. The UIGEA was signed into law in October of 2006, but until now it hasn’t been implemented by the US Treasury and it may never be enforced due to the limits that it puts on the banking industry.

Senator Jon Kyl and Senator Richard Shelby have come under attack for blocking nominees for personal reasons, that have absolutely nothing to do with the position or the person being nominated for the job. Jon Kyl once called online gambling the “crack cocaine” of gambling. The delay in nominations to the US Treasury may end up resulting in the US Treasury delaying the UIGEA for an additional 6 months when the delay expires on June 1st of this year.

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Post tags: gambling, jon kyl, treasury, uigea

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