Berkley states UIGEA is unworkable

Berkley always regarded the act as unworkable, due to the fact that the burden of proof lies with the financial sector.

Experts in the gambling industry in Nevada, Berkley's home state are now divided on the topic of Online Gambling, with influential gambling giants like Steve Wynn opposing any type of online regulation as it may in turn hurt the brick and mortar casino and the gambling industry as a whole.

Opposed are giants, like Harrah's Entertainment, who has already released a web presence and is eagerly awaiting regulations, stating that they are well ahead of the game and more than ready to comply.

The stance of Berkley as well as Rep. Barney Frank, is simply that residents of the United States should be free to decide where they want to spend their hard earned money.
In order to overturn the act, new legislation was introduced by Frank and Berkley, that would in turn provide a foundation for online gambling which would be regulated. A date for discussing the new laws was already set, but rescheduled due to the economical depression that hit the nation at that time.

It is expected to be on for discussion again, in the coming fall of 2010, but it is also rumored Frank may want to wait until after the elections in November, which would reschedule the discussion to the first quarter of 2011.

As far as Berkley is concerned, she is ready for it and would not mind if discussions started today.

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