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Barney Frank to hold a press conference tomorrow re: UIGEA

Discussion in 'Casino Industry Discussion' started by winbig, May 5, 2009.

    May 5, 2009
  1. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    Finally!

     
    12 people like this.
  2. May 5, 2009
  3. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    I wonder where they are referring to as to being "licensed and regulated" at??
     
  4. May 5, 2009
  5. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    Hell, even if they only opened up to the UK licensed casinos, I'd be more than happy!!!!

    I think this would also mean the re-entrance to new USA players by MGS, as well...
     
  6. May 5, 2009
  7. maxd

    maxd Complaints (PAB) Manager Staff Member

    Occupation:
    The PAB Guy
    Location:
    Saltirelandia
    What with the administration change it seems Mr. Barney is a very busy guy. A lot of his other initiatives are getting serious attention so my guess is that bodes well for this one.
     
    1 person likes this.
  8. May 5, 2009
  9. love2winalot

    love2winalot Dormant account

    Occupation:
    Roulette Player
    Location:
    Philippines/Visiting Las vegas
    Hiya: I would love to see this happen, and pass, but imhop, it has no chance at all. This is purly Politics, and Votes. And more people believe that internet gambling supports terorist than do not. How many people gamble on line? Even if it was 1-100, "it is less than that", as a politician you get 1 vote, and risk losing up to 99 votes.

    Supports on line Gambling: "Hi, Vote for me, i believe in Freedom on the Internet".

    Against online gambling: "Hi, vote for me, because i am shuting down all the ways terrorist get funding, including online gambling".

    I Think it is important to note, I have never heard of anyone being able to prove than internet gambing supports any terrorsit group, or any group for that matter, outside of the internet casino it self. Have you?

    And if they could find just one instance where it did, i can see the TV Add's Now.

    "___________Poker.com. What harm is there? Go ask the_____________Family, who son was just killed by a rocket, that was bought using funds from that online site."

    Remember, there is a reason this bill was attached to the anti terrorist act, and was not just a stand alone bill.

    Stand alone bill= who cares? If they want to gamble online, let them.
    Stop funding terrorist= Yea, this will get me more votes come election time.
     
    1 person likes this.
  10. May 5, 2009
  11. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    They already tried the terroristic ads which claimed that by driving gas-guzzling SUV's, you're supporting terrorism. It failed miserably.

    You must register/login in order to see the link.

    This bill has bite, and definitely has a chance. It's not about politics, it's about our FREEDOMS guaranteed to us under our CONSTITUTION.
     
    3 people like this.
  12. May 5, 2009
  13. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
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    Hell on Earth
    Listening to radical right wingers about "TERROR"... has become quite amusing.
    I don't think serious people give these accusations about online gambling funding TERROR any real credence.

    This is ALL about FREEDOM vs. TYRANNY.

    In a FREE country you can choose to spend your money most any way YOU CHOOSE.

    In TYRANNY the government tells you how and where you can spend your money...

    I really like what Barney Frank is doing... If the UGIEA is over turned... I think I'll get Barney the best man whore I can find for the night.. :thumbsup:
     
    1 person likes this.
  14. May 5, 2009
  15. cpdnd31

    cpdnd31 Ueber Meister CAG webmeister

    Occupation:
    -
    Location:
    where the taxes are the highest
    I'll help pay for the man whore with all the winnings I get from the new casinos I would be able to play at.


    I agree with you 100 % when they put the smoking ban in IL, my thought was this isnt if you smoke or not they are taking away a persons right to choose. I pay my taxes than I should be able to buy or do what I would like to with my money.
     
    2 people like this.
  16. May 6, 2009
  17. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Update

    ONLINE GAMBLING BILL IS BIG NEWS (Update)

    Updated analysis estimates regulation will generate up to $63 billion in new government revenue over ten years

    Yesterday's press release that US House Financial Services chairman Barney Frank is to host a press release this (Wednesday) morning on his imminent attack on the UIGEA generated massive mainstream media coverage internationally, showing that the battle for the liberation of online gambling in the United States continues to draw considerable interest.

    Support for Congressman Frank's proposal to overturn the UIGEA came immediately from the pressure group Safe and Secure Internet Gambling Initiative, which issued a statement updating the financial benefits of regulating and taxing US Internet gambling. A SSIGI spokesman said that a recent analysis had shown that collecting taxes on regulated Internet gambling would allow the U.S. to capture between $48.6 billion to $62.7 billion in new revenue over the next decade, a 21 percent increase from previous estimates.

    SSIGI spokesman Jeffrey Sandman said that Congressman Frank's proposal would establish an enforcement framework for licensed gambling operators to accept online wagers from individuals in the U.S.

    "The legislation is expected to include a number of significant consumer protections, including safeguards against compulsive and underage gambling, money laundering, fraud and identity theft," said Sandman. "Millions of Americans are wagering more than $100 billion annually with offshore Internet gambling operators despite the current prohibition imposed under the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)," he added.

    Sandman said the SSIGI applauded Frank's strong leadership to advance a common sense approach to regulate Internet gambling and reverse the intrusive, ineffective and burdensome prohibition.

    "Rather than tell Americans what they can and cannot do online in the privacy of their homes, Chairman Frank's approach to regulate Internet gambling would protect consumers and allow the U.S. to generate billions in new revenue to fund critical government programs. We hope all interested parties will unite to support Congressman Frank to help advance this important legislation. Americans continue to gamble online. It is time for Congress to regulate and tax Internet gambling," he concluded.

    During the 110th Congress, Chairman Frank introduced the Internet Gambling Regulation and Enforcement Act of 2007. A companion piece of legislation introduced by Rep. Jim McDermott (D-WA), the Internet Gambling Regulation and Tax Enforcement Act of 2008, would help capture revenues that are currently lost to offshore gambling operators.

    Representatives of the financial services industry, including the Chamber of Commerce and Financial Services Roundtable, have expressed concerns about the burden and ambiguity in the rules to implement UIGEA which require the financial services sector to identify and block unlawful Internet gambling transactions (see previous InfoPowa reportage).

    Bloomberg, along with other major news sources, reported on the new Frank initiative, noting that it has support from influential companies such as Youbet.com Inc. and Harrahs Entertainment Inc., in addition to the Poker Players Alliance, a million member organisation formed to overturn the UIGEA.

    The service recalled that online gambling operations, banks, state lotteries and poker aficionados have previously opposed the UIGEA without success. Some critics had criticised the law for making no clear distinction between legal and illegal online wagering, creating problems from the financial services industry burdened with its enforcement. For example, some states such as California allow lottery tickets to be purchased online, and the ban doesnt affect online betting on horse racing.

    Harrahs registered to lobby for the first time and spent $405 087 from January to March '09, the Bloomberg report revealed. To supplement its in-house lobbyists, the gambling giant hired veteran Democratic fundraiser Tony Podesta.

    Harrah Vice President Jan Jones said regulating and taxing online gambling might swell government coffers by $2 billion to $6 billion annually. At a time where there is no money, that can be going to health care or S-CHIP, the childrens insurance program, Jones said.

    California-based Youbet hired its own lobbyist to push for legalised online gambling, according to CEO Michael Brodsky. He said the company would expand into online poker and other Internet gambling if Congress permitted it.

    Our customers would love to do more and we would love to offer our customers more, said Brodsky. Theres a big opportunity to do something that makes sense for everyone. Its a very nice revenue-raiser at a time when everyone is looking to plug the holes.

    The Poker Players Alliance has engaged with another specialist outside firm and boosted its lobbying budget.
     
    4 people like this.
  18. May 6, 2009
  19. RobWin

    RobWin closed account

    Occupation:
    Who knows?
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    A Vault!
    Harrah's huh....interesting, who would of thunk it...;)
     
  20. May 6, 2009
  21. BingoT

    BingoT Nurses love to give shots webmeister

    Occupation:
    Nursing & Run Bus Trips
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    Barney Frank to offer legislation allowing online gambling

    WASHINGTON - Legislation to allow Internet gambling is scheduled to be introduced today by US Representative Barney Frank.
    The legislation would allow licensed gambling operators to accept online wagers from people in the United States. The bill would revise the 2006 law, which made it a crime for banks to process financial transactions used to place illegal bets online.

    You must register/login in order to see the link.
     
    1 person likes this.
  22. May 6, 2009
  23. pevangel

    pevangel Meister Member

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    inside sales
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    ohhhhh i am keeping my fingers crossed and my eyes, i am so anxious. wooohooo barney frank.:thumbsup:


    pevangel
     
  24. May 6, 2009
  25. winbig

    winbig Keep winning this amount. webby PABnononaccred

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    Is this gonna be televised anywhere???
     
  26. May 6, 2009
  27. pevangel

    pevangel Meister Member

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    inside sales
    Location:
    FLORIDA USA
    that a great question winbig. i would like to know also, anybody know if we can watch this somewhere?


    pevangel
     
  28. May 6, 2009
  29. winbig

    winbig Keep winning this amount. webby PABnononaccred

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    I could almost bet the farm that it won't be on FOX News/Business, so I'd almost bet CNN or MSNBC....but who knows...lol
     
  30. May 6, 2009
  31. pevangel

    pevangel Meister Member

    Occupation:
    inside sales
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    yep winbig my thoughts exactly cnn or msnbc. i would love to see it though as its happeneing lol, would be very interesting lol. plus i am so anxious i can not wait to see the outcome lol.



    pevangel
     
  32. May 6, 2009
  33. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Barney is speaking right now on C-Span
     
    2 people like this.
  34. May 6, 2009
  35. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

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    Ya beat me to the post Rob...

    But I have heard nothing about the UGIEA yet...
     
  36. May 6, 2009
  37. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Yea, me neither...all they have talked about so far is the mortgage business. May be after lunch before he gets to it.
     
  38. May 6, 2009
  39. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    I just read that it was pushed back to 4pm. This article was posted at 10am, so it makes sense...

    You must register/login in order to see the link.

    I'm assuming that this will be on CSPAN3? On "Today in Washington?"
     

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