Business IT - Technology for your business

No. 1 Story

Telstra adds one million mobile services, but Sensis plummets

Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.

read more

More From

Congressman proposes looser online gambling restrictions

Business IT - Technology

U.S. Representative Barney Frank announced that he will introduce a bill to roll back online gambling rules enacted in 2006.

The Unlawful Internet Gambling Enforcement Act of 2006 was passed by the Republican-controlled congress and signed into law by President George Bush.

It prohibited the transfer of funds from a U.S. financial institution to an Internet gambling site, with some exceptions (e.g. for fantasy sports and horse racing sites).

That provision would prevent Americans from using their credit cards or bank accounts to gamble online.

Even though the regulations did not go into effect until January 2009, overseas gambling sites stopped accepting U.S. customers. They also drew international criticism, as the European Commission investigated whether the rules discriminated against EU firms, and Antigua challenge the rule as an unfair trade restriction before the World Trade Organization.

The bill introduced by Congressman Frank (D-Mass.) will exempt licensed, regulated operators. Frank said it "will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom."

Loading comments ...

- sponsored feature -

The Death of Traditional BI: What’s Next?

How to Make Business Discovery Work for Your Business IP PABX BUYING GUIDE

Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more