Results 1 to 9 of 9
  1. #1
    APCW's Avatar
    APCW is offline Representative for the Association of Players, Casinos, and Webmasters
    Join Date
    January 2010
    Location
    Everywhere
    Posts
    639
    Blog Entries
    191
    Thanks
    350
    Thanked 990 Times in 389 Posts

    Default The UIGEA Deadline Looms: Perspectives Weekly for May 28th, 2010

    The UIGEA Deadline Looms: Perspectives Weekly for May 28th, 2010


    <object width="660" height="405"><param name="movie" value="http://www.youtube.com/v/oh62z2cVVc0&hl=en_US&fs=1&color1=0x2b405b&color2=0 x6b8ab6&border=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/oh62z2cVVc0&hl=en_US&fs=1&color1=0x2b405b&color2=0 x6b8ab6&border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="660" height="405"></embed></object>

    There is less than a week until U.S. financial service companies must comply with the regulations of the Unlawful Internet Gambling Enforcement Act (UIGEA). Slated to take affect June 1st, 2010, what impact will they have on our industry?
    Fighting for trust, honesty and integrity
    in the online gambling industry!
    Facebook

  2. #2
    jschmuch's Avatar
    jschmuch is offline Public Member
    Join Date
    September 2009
    Location
    Southern California
    Posts
    231
    Thanks
    20
    Thanked 12 Times in 10 Posts

    Default

    Yeah, I just got a call from Netspend "one of the only card issuers I'm aware of that was still processing payments within the U.S." saying that there going to be complying with the UIGEA immediately. I've had a few cards with these people for the past 3-4 years and never heard anything from them until tonight.

  3. #3
    Professor's Avatar
    Professor is offline In Memoriam, 1963-2010
    Join Date
    April 2002
    Posts
    2,289
    Thanks
    70
    Thanked 33 Times in 18 Posts

    Default

    Well today is D Day and oddly enough it doesn't feel any different than yesterday.

  4. #4
    APCW's Avatar
    APCW is offline Representative for the Association of Players, Casinos, and Webmasters
    Join Date
    January 2010
    Location
    Everywhere
    Posts
    639
    Blog Entries
    191
    Thanks
    350
    Thanked 990 Times in 389 Posts

    Default

    Yes D-day and we are all still here.
    Fighting for trust, honesty and integrity
    in the online gambling industry!
    Facebook

  5. #5
    casinogod's Avatar
    casinogod is offline Private Member
    Join Date
    August 2002
    Location
    England
    Posts
    388
    Thanks
    6
    Thanked 78 Times in 47 Posts

    Default

    Every thing seems the same as before, the world is still spinning etc

  6. #6
    dhayman is offline Public Member
    Join Date
    May 2005
    Posts
    197
    Thanks
    0
    Thanked 24 Times in 21 Posts

    Default

    As far as I['m concerned, D-day was 4 years ago, when this dreadful law was first passed overwhelmingly by Congress, as part of the Ports bill. The world changed forever on that day. Since then, we've seen little blips of change, here and there.

  7. #7
    roger's Avatar
    roger is offline Private Member
    Join Date
    March 2007
    Location
    Florida
    Posts
    32
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default The UIGEA Deadline Looms: Perspectives Weekly for May 28th, 2010

    Not to be a downer, but I'm cautiously optmistic. Technically, the regulations weren't official until yesterday. This means that the USDOJ may now wait a few weeks to build cases against payment processors with violations after June 1st. I don't think we'll know the full effects for a month or so.

    Regardless, though, there is a lot of money at stake and a lot of creative and intelligent people involved. There may be some hurdles, but I think the industry will adapt.

  8. #8
    Skinski's Avatar
    Skinski is offline Private Member
    Join Date
    September 2008
    Location
    Conway , S.C.
    Posts
    672
    Thanks
    143
    Thanked 288 Times in 257 Posts

    Default

    Quote Originally Posted by dhayman View Post
    As far as I['m concerned, D-day was 4 years ago, when this dreadful law was first passed overwhelmingly by Congress, as part of the Ports bill. The world changed forever on that day. Since then, we've seen little blips of change, here and there.
    I have to agree. Nothings been the same on my end since October of 06.

  9. #9
    Professor's Avatar
    Professor is offline In Memoriam, 1963-2010
    Join Date
    April 2002
    Posts
    2,289
    Thanks
    70
    Thanked 33 Times in 18 Posts

    Default

    Quote Originally Posted by dhayman View Post
    As far as I['m concerned, D-day was 4 years ago, when this dreadful law was first passed overwhelmingly by Congress, as part of the Ports bill. The world changed forever on that day. Since then, we've seen little blips of change, here and there.
    I agree. Other notable nails in the coffin were when Paypal dropped gaming processing and when Neteller dropped US clients. The additive effect all of these have had on the industry is tremendous.

    But... Somehow... We always find a way to go on.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •