Feeds

Congressman Frank slams online gambling ban

Calls for repeal

Remote control for virtualized desktops

Congressman Barney Frank (D. Mass) is mooting a bill to repeal America's online gambling ban enacted last year.

He told the FT yesterday that the ban of online gambling established by the Unlawful Enforcement Gambling Act (UIGEA) was one of the "stupidest laws" ever passed.

A spokesman for Frank, who is chairman of the House of Representatives, financial services committee, later told Reuters that his boss has not drafted a bill, much less considered when he might put it before Congress.

Pegged onto a larger security bill last October, UIGEA made it illegal for US banks to process payments to online gambling businesses located outside the US. Analysts caution that politicians might be reluctant to support "pro-gambling" measures.

Even so, the hint that the controversial ban might be lifted, allowing gambling firms to re-enter the lucrative US market, pushed up the price of gambling stocks. Shares of Sportingbet rose £3 to £58.75 while Partygaming's stock rose 4.75 pounds (12.5 percent) to £42.75, AP reports. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.