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Posted by: Mousey at March 27, 2008, 3:36 pm

Topic: UIGEA regulations proposed Forum: Casino Meister

Christian Science Monitor call for tougher online gambling laws. from the March 25, 2008 edition Don't fold on Internet gambling ban A 2006 US law has cut Web-based betting. If anything, the law needs to be toughened. Last year, the percentage of American college students who gamble online fell to 1.5 percent from 5.8 percent the year before. The reason? A 2006 federal law restricting Internet gambling. Now some in Congress who want to tax this type of addictive betting plan to roll back that progress. Rep. Barney Frank (D) of Massachusetts is expected to hold congressional hearings next month to explore overturning the 2006 Unlawful Internet Gambling Enforcement Act and replace it with legalized online betting, which in turn could generate taxes and fees to the tune of billions of dollars. His bill to legalize online gambling has so far found more than 40 cosponsors. Not included in the cost of this revenue stream, of course, would be the social price paid from ....

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