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As part of the pact, Neteller will return an additional
$94 million it had been holding for U.S. customers
and will be under a monitoring program for an 18-month
period that began last month.
"The company's happy to put this behind us,"
Mr. Carroll said afterwards. "We look forward
to getting money back to our customers and growing
the business."
Full
story from Wall Street Journal
Next The Interactive Media Entertainment & Gaming
Association has a hearing for a lawsuit against U.S.
Attorney General
A
Federal Judge in the state of New Jersey has assigned
a hearing date for its lawsuit against U.S. Attorney
General Alberto Gonzales that seeks to have an new
online gambling law, the Unlawful Internet Gambling
Enforcement Act (UIGEA) overturned. Gambling911.com
has learned that the hearing date is set for September
4. Judge Mary L. Cooper of the US District Court in
Trenton, NJ will hear the matter.
The group, the Interactive Media Entertainment &
Gaming Association (iMEGA), has a good shot, according
to Cassimir Medford who has been covering the online
gambling legal climate for Red Herring
iMEGA's goal is to get the court to declare the UIGEA
unconstitutional and unenforceable, according to Medford.
That's because the group says the act violates the
First Amendment's rights to freedom of speech and
commercial association as well as the Tenth Amendment's
protections of states' rights to regulate online gambling.
"We
think the law infringes on the First Amendment and
Tenth Amendment rights of our members," Edward
Leyden, iMEGA's president, told Red Herring last month.
"And we also believe the government has exceeded
its authority in its WTO dispute with Antigua and
that too has harmed our clients."
See
Full story from Gambling 911
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