The US Treasury has announced an extension to the date for compliance to the UIGEA
In a move which brings a sigh of relief from financial institutions and online gambling operators alike, the extra six months given to companies to comply with the law gives some breathing space to all concerned. The postponement also provides Barney Frank, the House Financial Services Committee Chairman to push his bill to overturn the UIGEA through Congress.
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Virtual casino. Online gambling. Laptop with dice and chips.[/caption]
Over the last few days, the Fortune Lounge Group of Online Casinos has made two customers very happy with huge progressive jackpot payouts.
Progressive slots games are extremely popular with online casino players so it’s no surprise when a lucky player strikes it rich with a massive payout from one of them. But when two players enjoy such good fortune playing at two different Fortune Lounge casinos within two days of each other, that’s big news!
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Clubs and hotels in the Australian state of New South Wales sent out a warning of big job losses if proposed restrictions on the pokies go ahead.
The recommendations to restrict many aspects of gambling in social clubs and hotels, while relaxing the rules for online gambling submitted by the state’s Productivity Commission has been criticised by the government of NSW. A report issued by the Commission late last year proposed a large set of limits to be imposed on the local gambling industry. This has sparked the warnings from local businesses during a series of submissions and public hearings organised in response to the recommendations.
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