200 responses on UIGEA regs
A thoroughly researched article on responses to the US government’s request for comment on its proposed regulations for the UIGEA caught our eye in the Washington Post this week. Written by Cindy Skrzycki, a regulatory columnist for Bloomberg News, the piece explored this controversial law introduced under such questionable circumstances in late 2006, which seeks to prohibit financial transactions with online gambling companies, placing the burden of implementation principally on the US banking industry.
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Do you know that:
- The word Casino originally meant a public hall for music and dancing. By the second half of the 19th century, the term essentially meant a collection of gaming or gambling rooms. The classic example of a casino, is the casino at Monte-Carlo, which was opened in 1861.
- Catholics were found to be more likely to gamble than Protestants and other religious groups. Catholics were also found to be less likely to disapprove of gambling than other religious groups.
- The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
- In Cuba, during the 1950's, the blackjack shoe was first introduced. The dealers in Cuba handled the cards really well and management thought that the dealers may be being a little too good to their friends. So, to curb their suspicions, management decided to use a "dealing box" which is currently known as a shoe.
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