UIGEA slammed by media watchdog

Congressmen Barney Frank is not alone in his contempt for the US Unlawful Internet Gambling Enforcement Act, which he recently dubbed as the “stupidest law passed by Congress” in his announcement that he will attempt to have it repealed soon. This week he was joined by an influential media watchdog in condemning the UIGEA as a bad law.

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Tue, April 24th, 2007

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Interesting gambling facts:

  • In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
  • The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.
  • Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.
  • The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.