Busy week on the legal front:
On Monday, UIGEA regulations went into effect making it more difficult for US residents to deposit into online casinos. While banks have over 10 months to comply, some players are already reporting that their deposit attempts have been blocked.
On Tuesday, the Kentucky Appeals Court overturned the previous courts findings and ruled that internet domain names are not “gambling devices” and not subject to forfeiture. This is a positive ruling for online gambling, but the domain battle is far from over. Up next: the Kentucky Supreme Court.
Poker fans found reason to celebrate this week a Pennsylvania Judge found two defendants not guilty on unlicensed gambling charges for holding a house poker game when he ruled that poker is primarily a game of skill. This ruling clears the way for legal house poker games across the country, easing the minds of millions of Americans who play poker.
Trump Entertainment Resort Inc, Donald Trump’s casino company, is desperately trying to avoid its 4th bankruptcy since 1991. The firm has managed to negotiate a 2-week debt extension to keep lenders at bay, but with terrible revenue reports coming out of Atlantic City, it might be only a matter of time. Trump One Card members with a significant balance of points should consider cashing in and requesting some of their hard earned comps while they still can.
At least 3 people from Nebraska avoided falling victim to the Gambler’s Fallacy after they won by using the same numbers from the previous week. That’s right, Monday night’s “Pick 3” drawing produced the same winning numbers 2for two weeks in a row.
1979 WSOP Winner and Poker Hall of Fame member Amarillo Slim was beaten and robbed of $8,000 cash and a $85,000 diamond ring when he was lured into a field expecting to collect a 4×4 as collateral for a bet he had won. We hope you heal fast Slim, and normally we would feel sorry for you, but at 80 years old you might want to consider hiring some debt collectors. After all, this isn’t the first time you have been robbed.
UIGEA Regulations go into effect
UIGEA Regulations went into affect in the United States on Monday despite the serious objections and concerns voiced by financial institutions, card players, and online gambling enthusiasts. Passed in 2006, but unenforced up until this point, the regulations make it illegal for financial institutions to process online gambling transactions. Banks, credit card companies, wire transfer locations, and other financial institutions have until December 1st, 2009 to comply with the regulations.
The regulations, meant to target financial institutions and online gambling sites and not players, will make it more difficult for US players to deposit at online Togel Hongkong casinos. No longer will they be able to fund their gambling accounts with their VISA or MasterCards, or send funds from their bank accounts, discouraging new hobbyist players. Critics have been quick to point out that funding online casinos has been difficult for some time now and that it has done very little to discourage online gambling.