U.S. Treasury Department and Federal Reserve Decision to Delay UIGEA Regulations

Statement by John K. FitzGerald, Chief Executive of the Interactive Gaming Council (IGC)

VANCOUVER, British Columbia, November 27, 2009 -- "The Interactive Gaming Council (IGC) commends today's actions by the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System to delay by six months the application of the regulations issued pursuant to the Unlawful Internet Gambling Enforcement Act (UIGEA). 

“We applaud Chairman Frank, Senator Reid and other members of Congress for their leadership in convincing the agencies to delay the application of this flawed regulation, which is based on a flawed law.

“IGC hopes that the U.S. Congress will use the intervening time to move U.S. law away from the ambiguous attempts at prohibition contained in UIGEA, and toward a rational policy of licensing and regulation, which respects individual freedom, protects players, and raises needed revenue for federal and state governments.  We thank Chairman Frank for his efforts toward that goal, and we look forward to working with him in any way possible to achieve it."