Since the house of representatives just passed the law on july 12th, does anyone know when it goes to the Senate to become an official law? This sucks!
-
-
Before this recent BOS fiasco, my sources said it was unlikely to reach the Senate floor this year...
If that's the case, then they have to start all over again in the House in 2007 for the 8th year in a row...Comment -
They vote on it whenever they want. Maybe this year, maybe next, maybe never. Apparently many people think they should be busier passing legislation to calm the North Korea situation or end the wars in the Middle East. Not sure exactly how they would go about doing that but it sure is a nice argument when you don't want them to bring the bill to the floor for a vote.Comment -
You mean all this trouble in the middle east isnt caused by online sports betting?Originally posted by isetcap
Someone should tell them, maybe they didnt realize that
Comment -
Its possible the most recent events could help derail any hope of the Senate passing the internet bill.
Its possible the arrest of BetOnSports key employees could open up a debate on whether on-line gambling should be regulated. The media may pick up on the story and call out the politicians as hypocrites for trying to pass an internet gambling ban bill.Comment -
I'm betting that the Senate will ignore it. Way too much of a hassle for the banks. And too risky for Republicans who realize it's not just Democrates who like to play on the Super Bowl. I mean, you know "W" has placed a wager or two.
That was almost a week ago. The countdown is on.Business up on news of ban
13.07.2006
Fears that the US House of Representatives vote to ban online gambling would impact on share prices were clearly exaggerated, as London share prices on gambling companies actually improved.
Shares in the Party Poker giant - the world's biggest online poker company - lifted more than 5 percent as investors in London gambled on a less enthusiastic response to the Bill when it reaches the Senate.
Smaller operators also benefited, with shares in Sportingbet up 4 percent and Empire Online 1 percent higher, although 888 Holdings fell half a penny.
ABN Amro analyst Michael Pacitti said support for online gaming stocks came amid doubts that the Bill will get through the Senate.
"Congress approved the Bill to prohibit online gaming," he said. "This was expected. The Bill must now go to the Senate where we believe there will be greater opposition."
The Internet Gambling Prohibition Act is sponsored by Republicans Bob Goodlatte, of Virginia, and Jim Leach, of Iowa, who managed to get similar Bills through Congress in 2002 and 2003 but failed to win the support of the Senate.
"We doubt that this most recent attempt will have greater success," said Pacitti.
"What changes in practice following the passage of this Bill in the lower house? Nothing.
"PartyGaming and others can continue to operate as they currently do."
Analysts at Dresdner Kleinwort added that there may not be time for the Bill to gain Senate backing with just 15 business days to the summer recess and 32 days before the mid-term elections in November. Dresdner said: "The probability of the Bill passing Senate has not gone up."
Online gaming shares have suffered in recent months by uncertainty caused by the threat of the ban under the Bill, with PartyGaming shares slumping 6 percent since the Bill was introduced.Comment
