Online gambling ban reconsidered
Thu Mar 15 02:41:00 UTC 2007
WASHINGTON (Reuters) - U.S. Rep. Barney Frank is considering a bill to repeal a ban imposed last year on online gambling, said a spokesman for the lawmaker on Wednesday.
"Chairman Frank is considering legislation," said Steven Adamske, spokesman for the Massachusetts Democrat, who chairs the House of Representatives Financial Services Committee.
Adamske said Frank is still thinking over the issue, has not drafted a bill and has no timetable for action.
The legality of Internet gambling in the United States was ambiguous for many years, but it was effectively banned last October when President George W. Bush signed legislation from Congress outlawing gaming financial transactions.
The ban hammered the stock values of online gambling companies, such as PartyGaming Plc.
U.S. prosecutors have since launched a probe into Internet gambling. The U.S. Department of Justice has demanded information from some of the world's biggest investment banks as part of the investigation, according to banking sources.
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Thu Mar 15 02:41:00 UTC 2007
WASHINGTON (Reuters) - U.S. Rep. Barney Frank is considering a bill to repeal a ban imposed last year on online gambling, said a spokesman for the lawmaker on Wednesday.
"Chairman Frank is considering legislation," said Steven Adamske, spokesman for the Massachusetts Democrat, who chairs the House of Representatives Financial Services Committee.
Adamske said Frank is still thinking over the issue, has not drafted a bill and has no timetable for action.
The legality of Internet gambling in the United States was ambiguous for many years, but it was effectively banned last October when President George W. Bush signed legislation from Congress outlawing gaming financial transactions.
The ban hammered the stock values of online gambling companies, such as PartyGaming Plc.
U.S. prosecutors have since launched a probe into Internet gambling. The U.S. Department of Justice has demanded information from some of the world's biggest investment banks as part of the investigation, according to banking sources.
--------------------------------------------------------------------------------
This service is not intended to encourage spam. The details provided by your colleague have been used for the sole purpose of facilitating this email communication and have not been retained by Reuters. Your personal details have not been added to any database or mailing list.
If you would like to receive news articles delivered to your email address, please subscribe at www.reuters.com
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? Copyright Reuters 2006All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world.
Quotes and other data are provided for your personal information only, and are not intended for trading purposes. Reuters, the members of its Group and its data providers shall not be liable for any errors or delays in the quotes or other data, or for any actions taken in reliance thereon.
? Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
