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Visa Spent Nearly $2.7 Million to Lobby Federal Gov't

Discussion in 'Casino Industry Discussion' started by Mousey, Sep 13, 2007.

    Sep 13, 2007
  1. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    You must register/login in order to see the link. in First Half of 2007 to Lobby Federal Government
    August 24, 2007 - 5:09 p.m.
    WASHINGTON (AP) - Visa USA Inc., the domestic division of Visa Inc., spent nearly $2.7 million in the first half of 2007 to lobby the federal government, according to a disclosure form.

    Visa, the biggest credit card network in the U.S., lobbied on identity theft, data security, Internet gambling and other issues, according to the form posted online Aug. 14 by the Senate's public records office.

    Besides Congress, the company lobbied the Federal Reserve System, Federal Trade Commission, Treasury Department and other agencies.

    The San Francisco-based company in June filed a registration statement with the Securities and Exchange Commission for an initial public offering expected early next year, which would make it the last of the four major credit card networks to go public. Discover Financial Services LLC became a public company in July, following American Express Co. and MasterCard Inc.

    Under a federal law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. They must register with Congress within 45 days of being hired or engaging in lobbying.


    ***********

    It doesn't say... did they lobby for or against internet gambling?? :p
     
    Last edited: Sep 13, 2007
  2. Sep 13, 2007
  3. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    :lolup: What do you think? ;)

    Gotta love lobbyists...not!


    ...unless you're a congressman/senator.
     
  4. Sep 13, 2007
  5. jan.strydom

    jan.strydom Dormant account

    Occupation:
    Online Marketing Specialist
    Location:
    India - Costa Rica - Tel Aviv - South Africa - Ukr
    visa issue

    Visa surely knows the game and their marketing people certainly the importance of getting back the online gaming market - they amongst others lost billions!!

    its about time somebody puts their money where their mouths are!!!
     
  6. Sep 22, 2007
  7. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    Mastercard's turn....

    Sept. 21, 2007, 1:48PM
    You must register/login in order to see the link. $880,000 Lobbying


    2007 The Associated Press

    WASHINGTON MasterCard Inc., the world's No. 2 credit card franchise, spent $880,000 in the first six months of 2007 to lobby the federal government, according to a disclosure form.

    The company lobbied on legislation related to the regulation and enforcement of Internet gambling, which is mostly illegal in the United States, and online purchases of prescription drugs, according to the form posted online Monday by the Senate's public records office.

    The Purchase, N.Y.-based company also lobbied on financial literacy, data security, microchip technology and interchange fees, which is a fee banks pay to credit card networks based on a percentage of each transaction.

    MasterCard contacted Congress and the Treasury and Justice departments,

    Under a federal law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. They must register with Congress within 45 days of being hired or engaging in lobbying.
     
    1 person likes this.
  8. Sep 22, 2007
  9. SlotsWizard

    SlotsWizard Dormant account webmeister

    Occupation:
    I currently work for the Wizard of Odds
    Location:
    North of Antarctica
    What a confusing clump of words!

    First, it almost sounds like MasterCard wants the kind of regulation that we as players want... but I know better.

    And then there's the phrase "which is mostly illegal in the United States". Internet gambling is either (a) Totally illegal after last year's shenanigans, or (b) illegal in only 11 states. 11/50 = 22% which does not constitute a majority, so what do they mean it's "mostly illegal" ?
     
  10. Sep 22, 2007
  11. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    I thought that "mostly illegal" was funny, too. Maybe the AP reporter plays poker online and doesn't particularly believe online gambling is illegal. S/he was probably in a hurry. LOL Who knows....
     
    1 person likes this.
  12. Sep 22, 2007
  13. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    Online sports betting is clearly illegal under the Wire Act with few exceptions.
     
    1 person likes this.
  14. Sep 28, 2007
  15. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    And now we present the American Gaming Assoc....

    You must register/login in order to see the link.
    | 27 Sep 2007 | 05:20 PM ET

    WASHINGTON (AP) - The American Gaming Association, which represents the commercial casino industry, paid Fierce, Isakowitz & Blalock $100,000 in the first half of 2007 to lobby the federal government, according to a disclosure form.

    The firm lobbied Congress on online gambling issues, according to the disclosure form posted online Aug. 10 by the Senate's public records office. In addition to lawmakers, firm lobbied the Treasury Department and the White House.

    Harrah's Entertainment Inc., Bally Technologies Inc. and MGM Mirage are among the more than 50 companies and groups that are members of the association.

    Lawmakers last fall enacted a ban on Internet gambling enacted last fall, but Rep. Barney Frank, D-Mass., has introduced a bill to overturn it.

    Among those registered to lobby for the trade group was Aleix Jarvis, former legislative director for Sen. Lindsey Graham, R-S.C.

    Under a federal law ....
     
  16. Sep 28, 2007
  17. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    bee-ostards
     

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