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I would say its good news!

 
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iponnet22



Joined: 13 Mar 2006
Posts: 252

PostPosted: Wed Apr 25, 2007 12:08 pm    Post subject: I would say its good news! Reply with quote

http://news.yahoo.com/s/nm/20070425/pl_nm/congress_gambling_internet_dc;_ylt=AnnjUo5QJz2vX_LzmHe3YtgjtBAF
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tichodromia



Joined: 13 Oct 2006
Posts: 334

PostPosted: Wed Apr 25, 2007 12:39 pm    Post subject: Reply with quote

Brilliant quote...sums it up perfectly...what the f has it got to do with politicians if some average joe/joane wants to spend a few dollars on poker??? Rolling Eyes



Daniel Negreanu did a hilarious impersonation of a "pig ignorant, dumb as dirt" us politician when he was interviewed on bigpoker.ca radio programme......available as mp3 download.....
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poker_Elmo
2K Club


Joined: 17 Jun 2004
Posts: 2740
Location: PA

PostPosted: Wed Apr 25, 2007 4:24 pm    Post subject: Reply with quote

Barney Frank is awesome!
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mchilger
ITH Founder and Poker Author


Joined: 30 Jun 2003
Posts: 5808
Location: Atlanta, Georgia

PostPosted: Wed Apr 25, 2007 8:00 pm    Post subject: Reply with quote

Nice find Ipo. We can only hope. Matthew
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Piemaster
Author of THE POKER MINDSET


Joined: 15 Jan 2004
Posts: 6932
Location: London

PostPosted: Wed Apr 25, 2007 11:51 pm    Post subject: Reply with quote

I doubt much will come of this, but it is good news that there are politicians out there willing to fight our corner. These are the kind of channels that the PPA should be exploring, working with people like Frank.
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Bugsbunny
Wascally


Joined: 07 Apr 2004
Posts: 7630
Location: Drinking Carrot juice

PostPosted: Thu Apr 26, 2007 6:37 am    Post subject: Reply with quote

Barney Frank for President!! (By the way - for our cousins over the ocean - the actual chances of that happening are nil)
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nsidestrate
Suited's Love Monkey


Joined: 26 May 2004
Posts: 22457

PostPosted: Thu Apr 26, 2007 9:45 am    Post subject: Reply with quote

The bill has been introduced. Press Release
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Wynton
Sharkapalooza 2 MVP


Joined: 24 May 2004
Posts: 5575
Location: NY

PostPosted: Thu Apr 26, 2007 9:55 am    Post subject: Reply with quote

A couple of quick points:

(1) No one really knows the chances of this bill ever becoming law, and anyone who authoritatively claims to do so, is exaggerating their base of knowledge.

(2) Nevertheless, I personally would be shocked if this bill became law in the current congressional session.

(3) On the other hand, the bill is a positive, necessary first step.

My hunch is that the bill will suffer the fate of many other sensible proposals: i.e., it will have to be reintroduced for several years before it achieves a critical mass of support.
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nsidestrate
Suited's Love Monkey


Joined: 26 May 2004
Posts: 22457

PostPosted: Thu Apr 26, 2007 10:17 am    Post subject: Reply with quote

Wynton wrote:
A couple of quick points:

(1) No one really knows the chances of this bill ever becoming law, and anyone who authoritatively claims to do so, is exaggerating their base of knowledge.


But we can establish a range. Say somewhere between slim and none...
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fatshaft
Prodigal


Joined: 07 Feb 2004
Posts: 4773
Location: Warrington/Wolston, England (but Scottish!!)

PostPosted: Thu Apr 26, 2007 10:25 am    Post subject: Reply with quote

E-Gaming Review wrote:
Barney Frank to propose regulation of internet gambling

Barney Frank, House Representative from Massachusetts and chairman of the House Financial Services Committee, has announced details of proposed regulation for internet gambling that could signal a sea-change in US legislative attitudes to the online gaming industry.

The Internet Gambling Regulation and Enforcement Act of 2007 would see online gambling legalised in the US for the first time. The financial services committee will hold a debate at a date to be determined in June of this year. It will be entitled: “Can internet gambling be regulated to protect consumers and the payments system?”

According to the draft bill published for the first time this afternoon, “a licensing and regulatory regime for internet gambling in the US is needed to provide appropriate protections against underage gambling, compulsive gambling, money laundering and fraud for those citizens who choose to gamble online.”

The bill was introduced at a press conference held this afternoon in Washington DC. In a statement, Frank said that existing legislation was “inappropriate interference on the personal freedom of Americans and this interference should be undone”.

The press statement goes on to say that traditional forms of legalised gambling already exist in nearly every state.

“By continuing to prohibit internet gambling in the US, the US has left Americans who choose to gamble online without meaningful consumer protections. The proposed legislation would institute practical and enforceable standards to bring transparency to internet gambling and provide consumers the protections they expect and deserve.”

Said one industry insider on hearing the news: “This is encouraging, especially since it recognises the industry can be regulated and consumers can be protected. This is a step forward, whereas prohibition was exactly the opposite.”

For more information, go to: http://www.house.gov/apps/list/press/financialsvcs_dem/press042607.shtml
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AlamedaMike
2K Club


Joined: 29 Jun 2005
Posts: 2042
Location: Alameda, CA

PostPosted: Thu Apr 26, 2007 10:34 am    Post subject: Reply with quote

nsidestrate wrote:
Wynton wrote:
A couple of quick points:

(1) No one really knows the chances of this bill ever becoming law, and anyone who authoritatively claims to do so, is exaggerating their base of knowledge.


But we can establish a range. Say somewhere between slim and none...


And Slim just left town, as the saying goes. It is easier to ban something than it is to allow it and once banned hard to un-ban. Rolling Eyes
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Bugsbunny
Wascally


Joined: 07 Apr 2004
Posts: 7630
Location: Drinking Carrot juice

PostPosted: Thu Apr 26, 2007 12:30 pm    Post subject: Reply with quote

There is one factor though which may help this bill on it's journey. That is the WTO ruling. Add in the fact that the European Union has stated that they may well weigh in on this as well (don't remember where I saw that) and it at least adds a little more initiative to all this.

At the very least this bill keeps prospects alive and starts the debate going anew.

"Can't click my mouse and I lose my house!"
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