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Casinos> 2007
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Uc Group Launches U.s. Online Gambling Awareness Initiative
Safe and Secure Internet Gambling Initiative supports
proposal to license and regulate online gambling as the best way
to protect the player.
The London-based UC Group payment services provider, in association
with British accounting group Baker Tilly has launched its Safe
and Secure Internet Gambling Initiative (see previous InfoPowa reports)
across the United States. The initiative urges support for legislative
attempts by Congressman Barney Frank to regulate and license online
gambling in the United States as the optimum way to protect online
players.
Spokesperson Jeffrey Sandman said: “Millions of Americans
are currently gambling online in an unregulated environment without
any consumer protections… Internet gambling is a matter of
personal choice and many Americans see the current prohibition as
an unnecessary intrusion into their private life.”
Ex IGC head Rick Smith is Head of Government Affairs, Policy and
Regulation for the group.
A statement from the group says that Congressman Frank's Bill,
which is being introduced to the House this week will provide safety,
security and integrity for millions of consumers. It will create
a practical and enforceable framework to license and regulate internet
gambling in the United States, whilst offering the highest degree
of consumer protection.
Kobus Paulsen, CEO of UC Group said: “It is clear that prohibition
in the US isn’t working for anyone. Instead of leaving internet
gambling unregulated, uncontrolled and underground, this legislation
will create meaningful protection and safeguards for consumers throughout
the USA. It will also ensure the integrity of internet gambling
transactions.”
The proposed legislation will require proven security controls
to block underage and compulsive gamblers from gambling online.
It will seek to ensure that each financial transaction is safe,
secure and protected from fraud and abuse, whilst delivering additional
revenue opportunities for the US Government.
Through its internet payment services subsidiary, SecureTrading,
UC Group provides integrated payment processing services and logistical
support to online product and service providers.
“We are proud to be backing this Bill which will bring safety
and security to this line of business, an objective which we have
been committed to achieving for quite some time,” Paulsen
concluded.
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