Where is the Barney Frank Bill? APCW Perspectives Weekly: 19 June 2009

[Mousey]

While I may have grown rather disillusioned w/online gambling, I would still like to see it legalized and regulated if for no other reason than making the US AG and NY AG, etc. stop hijacking/kidnapping and holding for ransom businessmen who run perfectly legal businesses (like the NETeller 2, for instance).

[lots0]

Originally Posted by spiderlegz

What I consider as "pro online gambling" propaganda are the falsariums that it would boost the economy, that the states would benefit from the tax revenue and that the regulation actually would work.

Before Atlantic City legalized and regulated B&M casinos there were a LOT of people that were saying just what you are, it would not improve the economy there and only hurt the business and the people... That turned out to be completely absolutely and utterly false.

In the first ten years after legalization Atlantic City's Economy more than increased by 5x. After twenty years the results are conclusive... Gambling saved the City and the State from a slow decline into a depression.

Impact of Gambling


Here is quote for you

NGISC (National Gambling Impact Study Commission) and it's contractors reported that legalized gambling, especially in casinos, has resulted in an increased number of jobs in communities and decreased the unemployment rate...

Here is another quote from the NGISC

In 1996 the legalized gambling industry employed more than one half a million people with total salaries of over $15 Billion.

And up until the economic collapse earlier this year that number just kept growing and growing...

Not to mention that the New Jersey State authorities have said repeatedly that legalizing Gambling reduced unemployment and increased the money the State could spend on social programs.

Now this is not some 'study' where some egg heads were burning brain cells SPECULATING... This is historical FACT and can be PROVEN

[jetset]

There is a difference between "speculation" and financial forecasts based on known and well researched fact, which form the basis for recent calculations by outfits like PWC.

[spiderlegz]

Originally Posted by lots0

Before Atlantic City legalized and regulated B&M casinos there were a LOT of people that were saying just what you are, it would not improve the economy there and only hurt the business and the people... That turned out to be completely absolutely and utterly false.

In the first ten years after legalization Atlantic City's Economy more than increased by 5x. After twenty years the results are conclusive... Gambling saved the City and the State from a slow decline into a depression.

Impact of Gambling


Here is quote for you

Here is another quote from the NGISC And up until the economic collapse earlier this year that number just kept growing and growing...

Not to mention that the New Jersey State authorities have said repeatedly that legalizing Gambling reduced unemployment and increased the money the State could spend on social programs.

Now this is not some 'study' where some egg heads were burning brain cells SPECULATING... This is historical FACT and can be PROVEN

From one of my links:

THE RESULTS IN THIS PAPER provide some important (updated) evidence for states considering the introduction or expansion of the casino industry. Our results indicate that the casino industry does not have an impact on economic growth at the state level. This is based on annual data from 1991 to 2005. These results contradict results from an earlier study that used quarterly data from 1991 to 1996. Together, these results may indicate that casino gambling has initial positive growth effects but that these die out over time. This is not to say that casinos do not positively impact economic growth in some states. We would be very surprised if states such as Nevada, New Jersey, and even Mississippi, once it has recovered from Katrina, did not show significant economic growth from casino gambling. It does say, however, that the average state should not expect any long-term growth effects from legalizing casino gambling.

And also it affects the other surrounding states economy negatively. An that study had no academic value as they completely neglected the negative extrenalities or didnt "set" a price for them.

And the links I have provided are no speculation but mostly academic studies. Try reading them.

[lots0]

Originally Posted by spiderlegz

And the links I have provided are no speculation but mostly academic studies. Try reading them.

I have read them and many many more just like them.
And come on what is with the 'jab' here... Can't we have a grown up discussion without throwing 'cheep shots' at each other?

BTW - That was my point. Academic Studies are nothing but speculation. Often times these studies are funded and carried out by people with anti-gambling agendas or pro-gambling agendas, so the results of these studies are often twisted by both sides of the argument. In others words.. most of these 'studies' are not worth the paper they are written on, no matter what their conclusions are.

As far as the long term economic effects of Gambling... there are many places around the world that have proven that over time Gambling is a long term sustainable addition to an economy. Again this historical fact... Not speculation, not a study... not even an educated guess... It is fact.

I saw Atlantic City, before gambling was legalized. It was a depressed Slum, a Getto with very high double digit unemployment and streets so dangerous not even the police would go there at night... Tens of murders every day.. gangs openly holding shooting wars. Drug addicts or gang murder victims laying dead on the street, sometimes for days.

Then I saw Atlantic City after gambling was legalized. It was a night and day difference.

After Gambling was legalized you could walk the Boardwalk in Atlantic City at night... and you sure as hell could not do that before... unless you wanted to die. People are working, unemployment below the National average(before the economic collapse), the streets are clean and most important the people that live there have hope that they will be able to improve their lot in life.

Legalizing Gambling Worked for the majority of the people in New Jersey... no doubt about it.

Nevada... Legalized gambling is the States largest source of income. Taxes and fees on legalized gambling support, daycares, hospitals, police, firefighters, schools and feed the hungry.

There are places all over the world that have directly benefited from legalized and regulated gambling.

Again not studies.. funded by people with agendas... But historical and economic fact.

[jetset]

ONLINE GAMBLING BILL ATTRACTS A FURTHER FIVE SPONSORS (Update)

Representatives from several states back Barney's Bill

HR 2267, a proposed bill introduced by Congressman Barney Frank to regulate and licence online gambling in the United States, has been backed by a further five members of Congress, bringing total political support to 47 since the bill was introduced in May this year.

The latest politicians to add their names as co-sponsors to the bill are:

Representative Joe Courtney (Connecticut)
Representative Frank A. LoBiondo (New Jersey)
Representative John H. Hadler (New Jersey)
Representative Paul D. Tonko (New York)
Representative Walter Minnick (Idaho)

Congressman Frank recently advised interested parties that the bill has been pushed back to September due to pressure of work in Congress on stimulus packages in a troubled economy. However, his staff confirmed that there continued to be significant interest in HR 2267, and Frank has repeatedly emphasised how important it is that US voters contact their representatives to urge them to support the bill and the legalisation of online gambling in America.

[jetset]

SPONSOR # 48 FOR HR 2267 (Update)

Californian Congresswoman signs up

Hot on the heels of last week's five new co-sponsors signing up for Barney Frank's proposed legislation to legalise online gambling in the United States comes news that a Californian Representative has become the 48th co-sponsor for HR2267.

Representative Linda Sanchez is the latest US politician to lend her support to the bill, which has been temporarily postponed until September due to pressure of other work in Congress.

[jetset]

FRANK BILL ADDS 49TH CO-SPONSOR (Update)

Michigan Democrat joins the initiative to legalise online gambling in the USA

Representative John Conyers, a Democrat from Michigan, has become the latest member of the US Congress to sign on as a supporter of proposed legislation to legalise and regulate online gambling in the United States.

Congressman Barney Frank, chairman of the House Financial Services Committee, introduced bill HR2267 in May this year, and the proposal has already attracted support from 48 other members of Congress.

Representative Frank has repeatedly urged American online gamblers to get behind his latest attempt to overturn the UIGEA by communicating with their politicial representatives and urging them to support the bill.

[Casinomeister]

Originally Posted by jetset

....Representative Frank has repeatedly urged American online gamblers to get behind his latest attempt to overturn the UIGEA by communicating with their politicial representatives and urging them to support the bill.

US members can use this page to contact their rep:
http://www.casinomeister.com/US_congress.php

[lots0]

Originally Posted by Casinomeister

US members can use this page to contact their rep:
http://www.casinomeister.com/US_congress.php

It only takes a second and IT DOES MATTER.