Casino News: More possibility of UIGEA regulations implementation to be postponed

More possibility of UIGEA regulations implementation to be postponed

 November 26, 2009, 11:59 am (8 years ago)
Apparently, the great efforts by politicians, horseracing associations, the PPA, iMEGA and other groups and individuals to delay the December 1st execution date for the directives advocating the UIGEA did not waste any time in the end.

According to the extensive range of sources that are dependable, US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have compromised on the execution date, delaying it for 6 months instead of the year proposed. The sources all state that an official statement on the delay is forthcoming.

Congressman Barney Frank and the Poker Players Alliance rather not to make any remark until the official statement, but Joe Brennan Jnr of iMEGA commented: “It’s in fact startling we got this concession. It’s very atypical for any department of the government to fundamentally prevent an act of Congress. This is evidence to the power of Congressman Frank. This has been his pet issue, since it is part of his center values, for some time now.”
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