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House panel sets hearing on Internet gambling

Discussion in 'Casino Industry Discussion' started by lots0, Jun 5, 2007.

    Jun 5, 2007
  1. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

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    You must register/login in order to see the link.
     
    4 people like this.
  2. Jun 5, 2007
  3. footdr

    footdr Banned User: PITA violations of the Forum Rules

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    WITNESS LIST FOR THE HEARING- PASTOR GREG HOGAN

    I think this is the Pastor that is going to testify, his son robbed a bank to pay gambling debt. Sad story

     
    Last edited: Jun 5, 2007
  4. Jun 5, 2007
  5. Mousey

    Mousey Ueber Meister Mouse CAG

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    I fear that this hearing will be many testimonies of 'how gambling ruined my life'. I just hope they bring in a few witnesses that know how to gamble with disposable money and don't rob banks, or embezzle from the company they work for, or shoot their granddaddy for his pension check to pay their gambling debts.
     
  6. Jun 5, 2007
  7. jetset

    jetset Ueber Meister CAG

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    QUOTE: The hearing will examine whether Internet gambling can be regulated to protect consumers and the payments system, said the House Financial Services Committee. UNQUOTE

    and

    QUOTE: The bill includes provisions for licensing and regulating online gambling companies to protect against underage gambling, compulsive gambling, money-laundering and fraud. UNQUOTE


    This is a committee hearing, chaired by Barney Frank who is hoping to regulate and licence online gambling.
     
  8. Jun 5, 2007
  9. Simmo!

    Simmo! Moderator Staff Member

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    I would have thought it will hear both sides, especially as Frank is chairing it. Also, it may well be that testimonies of problem gambling could be used to support the idea of regulation more so than to dispell the idea. If anything, stories like that could be a positive in Frank's battle.
     
  10. Jun 5, 2007
  11. jetset

    jetset Ueber Meister CAG

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    My own feeling is that the objective will be to debate the practicalities of regulation and keeping underage and problem gamblers out - available technology, that sort of stuff.
     
  12. Jun 5, 2007
  13. Professor

    Professor Dormant account

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    It's an extremely positive step that sane dialogue about online gambling and individual rights are finally taking place. Hopefully the conclusion will be a more enlightened approach to legislation. I am thrilled to see this happening :D
     
  14. Jun 5, 2007
  15. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

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    I hope that is the way it works out. But the opposition will have a say as well. I figure the opposition will go for the emotional gut responses (because that is all they have), I think they will be using stories like the preacher's son.

    I think we all know this boy (the Preacher's son) could have done the same thing in any legit Land Based Casino, Indian Casino, Horse Track or any store that sells lottery tickets...

    What I would like to know is who is paying for the trip to Washington and the Hotel bills for these so called "Witnesses" like this preacher that will appear at this hearing... Anyone wanna bet whoever it is that is paying the bills is associated with the land based casino industry?
     
  16. Jun 6, 2007
  17. sdaddy

    sdaddy Meister Member

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    In case this 10 a.m. hearing isn't broadcast on C-SPAN, I found this link on the Financial Services Committee website for live streaming video of scheduled hearings:

    You must register/login in order to see the link.
     
    4 people like this.
  18. Jun 7, 2007
  19. jetset

    jetset Ueber Meister CAG

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    More speakers - and maybe more hearings, too

    MORE SPEAKERS NAMED FOR HOUSE HEARING

    Friday's speaker list is getting longer and smarter

    Further speakers for the House Financial Services Committee hearing on Congressman Frank's proposal to regulate and license online gambling in the United States have been announced.

    A respected information security expert, Jeff Schmidt of Authis is the latest expert who will give evidence on the practicalities of regulating online gambling. He joins a list that includes Howard Lederer, a member of the Poker Players Alliance Board of Directors, and Radley Balko, senior editor of Reason Magazine. Both have expressed strong opposition to UIGEA's and are in favour of regulating Internet gambling in the U.S.

    Gerald Kitchen, CEO of SecureTrading, a UK-based Internet payment service provider, and Jon Prideaux, chief executive of Asterion Payments, will also speak during the hearing. SecureTrading's Web site claims that it is able to "virtually eliminate risks such as underage gambling, money laundering and abuse by organized crime and fraud against consumers."

    Baptist minister Greg Hogan may testify. Hogan's son was the subject of a 2005 high media profile criminal case and is currently serving a sentence of imprisonment in Pennsylvania. He was found guilty of robbing a bank to pay off debts to his fraternity brothers who helped him fund Internet poker accounts.

    The House Financial Services Committee will hold the hearing, entitled "Can Internet Gambling Be Effectively Regulated to Protect Consumers and the Payments System?" on Friday, June 8 at 10 a.m. Washington time.

    The hearing will be the first Congressional discussion on Internet gambling since the UIGEA, which bans financial transactions with online gambling companies other than those "exempted" such as horse racing, state lotteries and fantasy sports, became law last October.

    Gambling Initiative said the hearing could be the first of up to four, and should be viewed as being part of the effort to get more members of Congress to understand online gaming.

    Its part of the push to get more support, a spokesperson said.

    There are over 70 members on the financial services committee.

    Congressman Frank has indicated that it would be helpful if US voters contacted their representatives before the hearings to courteously voice their opposition to the Unlawful Internet Gambling Enforcement Act, which seeks to ban financial transactions with Internet gambling sites.
     
  20. Jun 7, 2007
  21. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

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    They are going to let Lederer testify?
    Oh God, there goes any chance we had. ;)
     

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