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New Gambling Laws ......

Discussion in 'Casino Industry Discussion' started by clj7221, Jan 15, 2009.

    Jan 15, 2009
  1. clj7221

    clj7221 Dormant account

    Occupation:
    Private
    Location:
    U.S.A.
    Thought your vote and support for Obama would leave the online gaming laws alone did you?....lol well Obama's General Atty Eric Holder just stated, he will pass laws to end any cash in to on line casinos!
     
  2. Jan 15, 2009
  3. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    and your point is? The election wasn't over online gambling alone....if you missed it, unemployment here is at an all-time high, and I could go on and on about many other more important issues...but I won't...

    moral of the story: if anyone voted for Obama on the sole reason that he might be in favor of online gambling, then ....figure it out.
     
    6 people like this.
  4. Jan 15, 2009
  5. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA
    While I didn't vote for Obama, whether he was for online gambling wouldn't have influenced me one way or another.

    We, here in the US, are either going to have to put up or shut up. Either we, as citizens, make our views known and really get vocal or we shut up and go along for the ride.

    And where there is a will, there's a way. So I figure we will find a way. :D
     
    4 people like this.
  6. Jan 15, 2009
  7. jas2587

    jas2587 Ueber Meister

    Occupation:
    none
    Location:
    FL
    an not all Floridians think this way:rolleyes:

    Cindy
     
    3 people like this.
  8. Jan 16, 2009
  9. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    and besides, the banks already made their stance at trying to block transactions related to online gambling (to dumb it down, actually trying to enforce the UIGEA "regulations")- They can't do it!

    So what makes this guy think he can change this around?
     
    1 person likes this.
  10. Jan 16, 2009
  11. GGW Laurie

    GGW Laurie Dormant account webmeister

    Occupation:
    Self Employed
    Location:
    In the Beautiful South !!
    ditto here:thumbsup:.........laurie
     
    1 person likes this.
  12. Jan 16, 2009
  13. clj7221

    clj7221 Dormant account

    Occupation:
    Private
    Location:
    U.S.A.
    Sorry, I didn't mean to get anyone upset. I posted this because whenever I used to post my republican views in here during the election, a few used to post articles or posts that if you vote for the Republican ticket they will take on line gaming away but Democrats wont and now we see this is not the case.

     
    4 people like this.
  14. Jan 16, 2009
  15. Stovetopp

    Stovetopp Senior Member MM

    Occupation:
    Retired
    Location:
    On the Beach
    Wel, I hope the DB knows he has no capacity to pass laws..He only enforces them!!!
     
  16. Jan 16, 2009
  17. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    Do you have a link to where Eric Holder has said this?
     
    1 person likes this.
  18. Jan 16, 2009
  19. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    I'm not upset....:)

    After endless years of BS, I just wish everyone could throw this "party" !@## out the window and actually work together for a change. Democrat, Republican, Independent...it really doesn't matter.....

    IMO, why fight it? You can't please everyone, and all the people in power need to realize this and quit fighting each other on what they "think" is best, and do what's best for not only America, but its citizens as well.

    Our founding fathers would be appalled at the shape our country is in today.

    [​IMG]
     
    2 people like this.
  20. Jan 16, 2009
  21. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    FWIW AS WHO KNOWS WHAT LIES AHEAD!!

    Last week (1-7-09), I received a PM from a mod. after he had seen/read a story about the B&M's in Vegas coming online and for whatever reason the mod inquired if I had any knowledge of this possibility. In fact, during our correspondence, it became apparent that we had seen/read the same exact story/article. The link is below.

    Also below, are excerpts from my responses to the mod's original PM, fwiw (which may be zilch as I am dormant):

    "In fact , I was going to post it as Robwin had mentioned in a several month old thread that this may help the status of the poor financial condition of the Las Vegas Big 3 or 4. At that time, I countered that these companies did not have the capital to commence new operations so I did not see it happening.

    Also, the tone in that several month old thread suggests by going online that the financial impact would be significant for the LV-Big 3 or 4. I posted to the contrary.

    Thus, Robwin foreshadows and nails the first part of the article with the fact that it is being seriously considered and I nail the final part of the article when iirc the Harrah's executive admits that the financial impact would be minimal even in the best of times.

    I also found the timing of the article strange considering that Barney Frank among other's had just finally admitted that Regulation (with Madoff and the SEC being the final straw) does not work period. If the banking and securities industries can not be properly regulated, then what can as I remember posting in a thread in March 2008................................................................................................................................................................................................................
    fraud (white collar crime) has become a four letter word (maybe surpassing terrorism as the FBI is shifting personnel to fraud investigations from terrorism) in the US and could have a devasting effect on online gaming in the US.

    Not sure why this forum has not picked up on the Madoff scam and how it could affect online gaming or actually politically already has. Without expanding, currently Frank, Wexler, and possibly Cohen will have a hard time moving forward on any type of call for serious regualation. Of course, there will be a new faux pas eventually."
    ............................................

    "My bad on the iirc's as it was KLAS-TV in Vegas and David Schwartz from UNLV (not an Harrah's exec.) that mentions the financial impact per se......I had actually saved in my favorites but here is the link I cut and paste from Google:

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



    Peace!
     
    4 people like this.
  22. Jan 16, 2009
  23. catrina m

    catrina m Senior Member PABaccred

    Occupation:
    service
    Location:
    US of A
    This country is going down the tubes like shit through a goose and he made that a priority?

    A lot of things need to be addressed first, and if the new administration has this on their to do first list then I guess what my grandpa said is true

    " When times are tough people will turn to drinking and gambling"

    Well, times are tough so lets get prohibition back. It worked well the first time.

    When will the US govt. ever learn not to repeat its mistakes?
     
    3 people like this.
  24. Jan 16, 2009
  25. jas2587

    jas2587 Ueber Meister

    Occupation:
    none
    Location:
    FL
    I would also like to see a link ((( Originally Posted by clj7221
    Thought your vote and support for Obama would leave the online gaming laws alone did you?....lol well Obama's General Atty Eric Holder just stated, he will pass laws to end any cash in to on line casinos )))))


    an untill it is signed sealed an delivered
    then no one can say what way it will go

    Cindy
     
  26. Jan 16, 2009
  27. GGW Laurie

    GGW Laurie Dormant account webmeister

    Occupation:
    Self Employed
    Location:
    In the Beautiful South !!
    The ones in Washington, that we the people, voted and put in office, plus all the major company C.E.O's and all the way down to the crooked Investment Brokers have gambled with our countries future, most have gone bust. Its just not spinning a slot that defines gambling, these folks are gambling or have gambled with millions of peoples lives, lets hope they are not taking to drinking also or we will be futher down that shit creek on a sinking boat, WITH NO ONE TO BAIL U.S OUT!!!!!!! .............laurie
     
    3 people like this.
  28. Jan 16, 2009
  29. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I would like to see this link as well.
     
  30. Jan 16, 2009
  31. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Apart from the practical difficulties of policing and enforcing the UIGEA - which the politicians have been repeatedly briefed on but seem determined to ignore - there are other issues in play here.

    If the UIGEA regulations are not negated by the application of the Midnight Rule Act by the incoming Obama administration (and this seems unlikely as there are plenty of other egregious Bush regulations that will hold priority) then the UIGEA regs come into force in a few day's time on January 19th.

    However, as I read it the financial institutions have until December 1st 2009 to get their enforcement act together.

    Given the slew of way more critical financial issues the US banking industry is trying to deal with at present, I imagine there will not be too much commitment to the UIGEA enforcement right up until the Dec 2009 deadline.

    An interesting development here has been the Obama "suggestions" website at You must register/login in order to see the link., where a huge number of voters have positioned the legalisation of online poker and the rejection of the UIGEA as the second most important area for Obama's consideration - right behind bullet trains! (see latest Casinomeister News).
     
  32. Jan 16, 2009
  33. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    LOL... from what I have been seeing in the Stock Market the only US Banks that are going to be left standing after December 09 are the two Banks that bothered to stand up and tell the government that the UGIEA was unworkable.

    BTW - I have searched all over for any reference to Eric Holder saying he was going to stop all online casinos cash ins (payouts or whatever), but have not been able to find anything at all.

    I would really like to see the context in which this was said.
     
    1 person likes this.
  34. Jan 16, 2009
  35. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    Several online gaming sites speculate that Holder may not be good for online gambling and all are somewhat consistent as to reason (but like Lotso, I found no direct quote, fwiw).

    Jet you may recognize some of the following:
    You must register/login in order to see the link.

    ".......Although well qualified professionally for the post, Holder's past associations with lobbyists for the powerful and vehemently anti-online gambling National Football League, and service in a Department of Justice which has proved to be strongly opposed to Internet gambling, are not encouraging indicators.

    Holder was Deputy Attorney General to Janet Reno, and moved on from that post to join Washington lobbyist law firm Covington and Burling, which was recently in the news when it was revealed that its former lobbyist, William Wichterman, had been a key driver in pushing the UIGEA regulations through in a 'midnight drop' operation (see previous InfoPowa reports). Wichterman had worked on the NFL account for the company during his employment there, raising questions of a conflict of interest which were brushed aside by the Bush White House.

    Like Wichterman, the National Football League was one of the accounts on which Holder worked during his tenure at Covington and Burling......."


    Some of the speculation, very similar to the above is pre-Madoff which changed both the political and federal regulatory mindset drastically. (There is not a direct correlation to online gaming but there may be an indirect. Yet who knows how long this faux pas will last.) A link to an interesting read just fyi!! Only posting a quote that is siggy material:eek:

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

    Who is responsible for protecting the securities investor, because I want to tell that person that they suck at it, said Representative Gary Ackerman, a New York Democrat."

    Peace!
     
    Last edited: Jan 16, 2009
  36. Jan 16, 2009
  37. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Yes, I'm familiar with the piece ;), but I would nevertheless like to see any straight-from-the-horse's mouth statement that Holder might have made recently.
     
  38. Jan 16, 2009
  39. anniemac

    anniemac Ueber Meister MM PABnoaccred

    Occupation:
    retired
    Location:
    Texas, USA
    OK, guys from the US. You want to bitch and moan, well put up or shut up. Go to the site that Jetset added, You must register/login in order to see the link., and vote. Add your comments. If you are not willing to act then don't bitch.

    I took a stand. Now it's your turn. :thumbsup:
     
    3 people like this.

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