UIGEA's 270-day grace period passes

Today sees the passing of 270 days since the Unlawful Internet Gambling Enforcement Act was signed into law by the President of the United States, and the deadline by which the Secretary of the Federal Reserve System, in consultation with the Attorney General, must set down regulations to identify and block restricted online gambling transactions.

Whether or not the Federal Reserve and the Attorney General will stick to this deadline remains to be seen. As well as how long US citizens will have to wait for the US Government to reveal how it intends to restrict their rights to spend their money on innocent and leisurely online gaming activities. Any major announcements by the Federal Reserve in regard to this matter will be reported here.

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Bingo Entertainment’s sizzling hot July Jackpots

Players on the Bingo Entertainment Network of online bingo sites have been treated to some fantastic specials this July, with a 4th July powerball bingo special, as well as a fantastic ‘double your bingo’ special game that will play throughout July.  In this special if you play in both the 75 ball and 90 ball halls AT THE SAME TIME, between 9am to 11am EDT daily, if you win a bingo in the 75 ball hall, you also win the prize amount of the previously played game in the 90 ball hall.  Absolutely amazing bingo games!

Already in July alone there have been 4 progressive bingo jackpot winners too;

On 5th July Berit51 from Stjordal, NO won a $4,296.54 jackpot, playing at Premier Bingo.  This was followed by another jackpot winner over at Imperial Bingo, where the player known as Januarry, from Wonderlake, IL won $1,230.52 on the 7th July.  Then on the 9th July, mobay_bm, from Brooklyn NY was playing at Bingo Mega, and won a $1,118.75 jackpot, and nearly 14 hours later a Paramount Bingo player known as Zeeness, who is from Cornwallon-Hudson, NY won $ 1,046.85!!

At Bingo Entertainment, unlike many other sites, the jackpot doesn’t start at $00.00, they like to reward their players in a big way, and so each time the progressive bingo jackpot is won, it is then started again at $1,000!!

To join in with the July sizzling hot specials just go to www.bingoentertainment.com and choose your preferred bingo site, register an account, and the next big jackpot winner could be you!

Antigua gets Caricom support on Internet gambling

The Antigua Sun recently reported; Antigua & Barbuda said it has gained the full support of fellow Caricom member states in its ongoing Internet gambling dispute with the United States. PM Baldwin Spencer said regional leaders have thrown their full support behind his country and were calling on the US to respect the World Trade Organisation (WTO) recent ruling on the issue. The regional leaders will conclude their 28th Heads of Government conference on Wednesday. The WTO recently ruled against the US in an online gaming dispute with Antigua and agreed that actions taken by Washington to prohibit access by Antiguan companies to US markets were illegal.

WTO are joined by the EU and Brazil

The next round of this ongoing fight takes place in Geneva on 24th where questions regarding the whether the US will ignore or try to thwart the decision by the WTO who ruled against the US in favour of Antigua way back in 2004.

The issue is whether the United States will comply with a WTO ruling, along with other countries, and compensate its government for loss of earnings because of Washington’s decision that effectively led to the end of online gambling in the U.S.

In 2004, the WTO ruled that the U.S. had violated global trade rules with the ban on internet gambling, and that this was an unfair trade barrier that hurt Antigua’s gaming industry. The U.S. ban on internet gambling was inconsistent with its obligations under the 1995 General Agreements on Tariffs and Services (GATS).

Brazil has joined Antigua & Barbuda, along with the European Union (27 member states, including the United Kingdom), China, India, Japan, Costa Rica, Mexico, and China Taipei, to claim compensation on legal matters of principle involved.

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Trump era could be near end

As reported by the Philadelphia Inquirer:

“…With his gambling halls still struggling and his casino company reviewing bids from possible buyers, this could be the end of the show for [Donald J.Trump in Atlantic City. People familiar with negotiations to sell his casino company – Trump Entertainment Resorts Inc. – say a sale could be announced this week.

“The developer and reality-TV star said that, regardless of who buys his casinos, he hopes he won’t be taking his final bow in Atlantic City.

“…But to play in the new Atlantic City, where at least four billion-dollar-plus gambling palaces are being built, and competitors are pouring hundreds of millions of dollars into upgrades to lure younger, more affluent overnight customers, The Donald knows his name and fame won’t be enough.

“He needs money – lots of it – to exist and compete here.

“…Trump is banking that his famous name and brand will stay on at least one of the casinos, and that the new owner will have a role for him, even if it’s just to make an occasional appearance.

“…But Trump’s role in Atlantic City has been slowly diminishing over the years. A bankruptcy restructuring in the spring of 2005 reduced his stake in the casino company from 52 percent to 31 percent and stripped him of his CEO title. While he remains chairman of the board, he has not been involved in the day-to-day operations of the casinos.

“…The cooling real estate market could also spell trouble for his multitude of building projects all over the country, which include Trump Tower, a luxury condominium high-rise proposed for the Philadelphia waterfront…”

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