Buckle up … the news (we care about) has been moving too fast for Pokerati be the lone source keeping up with it all. And with this latest — Caesars has made it official … the Empire is going public (again)! — don’t be surprised if February/March 2012 turns out to be the biggest news month in poker since April 2011.

I haven’t quite yet figured out if and how this is different from an IPO. But I do know these sorta things don’t happen in a vacuum. And considering the last time Caesars — soon to be better known on NASDAQ as CZR — looked serious about going public was the last time they had reason to believe passage of online poker legalization was imminent (Dec 2010) … uh, um, gahhh! So much going on, so many old docs to look at, so much for Kevmath to hopefully fact-check … my head is spinning with the possibilities! (And I can only wonder who Barack Obama met with on the side when he visited Las Vegas long enough to stay the night in the suburbs a couple weeks ago,)

Probably not a bad time to remember that Caesars was a public corporation (called Harrah’s) that went private almost immediately after passage of the UIGEA, controversial legislation that leveled the impact of the biggest online poker sites in the world (at the time).

Read below for an official press release.

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I’m fairly certain Barack Obama has known a little bit about the online poker “situation” for a while … at least since the White House released its Strategy to Protect Online Consumers and Support Innovation and National Strategy for Trusted Identities in Cyberspace on April 15, 2011.

And you gotta think Obama probably got briefed as the DOJ officially changed its position on the Wire Act, September 23rd — the first day of Fall, and the same day the DOJ labeled Full Tilt Poker a Ponzi scheme and took all of Howard Lederer, Chris Ferguson, and Rafe Furst’s money. But why then did the ever-PR-conscious DOJ wait some 60 business days later until December 23rd — the quietest media day of the year — before telling the rest of America about the Executive Branch’s significant change of digital heart?

I suppose it might not even matter at this point; SOPA and PIPA have been tabled for now, Megaupload has been slapped hard with the same government quarantine the Feds beta-tested on online poker sites, and Kim Dotcom is in jail awaiting a fate that Full Tilt and PokerStars lawyers say he coulda avoided simply by changing his name to Kim Dotnet!

OK, maybe I get a little factually carried away sometimes jest … but John Pappas has a serious message for the President — essentially a 22-second synopsis of all those emails and tweets from the Poker Player Alliance’s 1.2 million members, and a plea for “common sense public policy” on the eve of what could be Barack Obama’s final State of the Union address.

The big news this week was, of course, the amending of the Department of Justice’s online poker civil suit claiming that Full Tilt Poker was engaged in a “Ponzi scheme” that defrauded its players. Needless to say, this was a sad day for American poker players that underscored our need as players and enthusiasts for consumer protections.

I have spoken with many poker players who have been deeply affected by the failure of Full Tilt Poker, Absolute Poker, and Ultimate Bet to repay its players since Black Friday. While I have roughly five figures of my own money locked up on Full Tilt Poker, this is nothing compared to the heartbreaking stories I have heard from many of my fellow players. We all need to take a stand — for the present AND for the future.

You all received PPA’s update yesterday detailing how to contact the Justice Department’s Victims and Witness Services program. I encourage everyone affected by this to take a good look at both this program and at PPA’s legal analysis of the options available to individual players who have not been able to access their online poker funds.

PPA has worked to ensure that all proposed online poker legislation includes provisions for consumer protections even well before Black Friday. Needless to say, PPA will continue to push for these important provisions. We all deserve safe, licensed, accountable sites on which to play. I am glad the poker community is standing together, united in this fight for our rights.

Here are some actions we can take right now to continue to advocate for our rights. These take less than 60 seconds each!

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Barack Obama was taking questions from the masses today in 140 characters or less. It really is a rather unique evolution in political communication. It’s not too different from standing on a soapbox back in the day … except here the crowd is millions strong, and – bo has enabled his @replies.

The PPA rallied the troops to make sure that of the millions tens of thousands of people jumping up and raising their hands with a question, at least one that got heard was about online poker:

Don’t forget today at 2PM EDT, President Obama will be hosting a Twitter town hall and answering questions tweeted to him. Please take a moment to use Twitter to submit a question asking the President if he supports licensing and regulating online poker by clicking here. To follow the Town Hall as it happens, please click here.

Let’s make our voices heard. Tweet your question to President Obama now!

Proud to play,
Drew Lesofski
Director, Grassroots and External Affairs

I sent mine in. No answer … but we’ll see if @BarackObama maybe includes @Pokerati in his next #FollowFriday.

UPDATE: Follow this guy, New York Times politics blogger, to see what questions got asked and how they got answered.

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In a bout of Democrat-on-Democrat tongue-lashing, longtime online gambling champion Rep. Barney Frank pointed to the Obama Administration, which oversees the DOJ, for pointless prosecutions and an unsmart use of resources, but came short of defending any indicted online poker defendants.

Frank mocked the seizures as the administration “protecting the public from the scourge of inside straights,” and lamented that the Justice Department is more focused on prosecuting online poker sites than those responsible for the mortgage crisis and financial meltdown.

“Go after the people responsible for empty houses, not full houses,” Frank added.

Doh! Barney was doing so well with that first poker metaphor, but then kinda blew it with the addendum, imho.

Still, you see the venerable liberal Congressman willing to finger the President more so than Bill Frist and the Republicans or Eric Holder and SDNY or Spencer Bachus or anyone else. Why would he direct his balk at Barack like this? Sour grapes, non-partisan principle, or something more he’d like the DC press corp to know about Obama’s role in the timing of these indictments?

WASHINGTON, DC – Harry Reid went on record about the lame duck session schedule, telling The Hill, “we need to stay here until we finish.”

Whether or not “finishing” includes passing the online poker bill remains to be seen. What is clear is that the Reid bill is still on the table and continues to be revised, albeit quietly, as the Senate engages in a multitrillion-dollar left-vs-right holiday battle royale. But so far the only thing the bill has attached itself to is what is becoming, as NPR explains, a contentious race against the clock.

The Constitutional deadline for this session of Congress to close its business is noon on January 3rd, 2011.

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For a good portion of last week, it seemed likely that the #reidbill was going to be attached to the tax cut bill making it’s way through Congress. On Friday morning, Politico reported that the tax cut bill had no such pokery verbage, but that attachment to that piece of legislation was “still possible” if Reid made “additional modifications” before the tax bill is voted on sometime in the coming days.

Other outs? The House approved a mammoth $1.1 trillion dollar continuing resolution (CR) bill H.R.3028 just last Thursday. The Hill discussed how the CR could be amended into an omnibus:

A CR is needed because Congress failed to pass any of the 12 regular appropriations bills for 2011, in addition to failing to pass a budget resolution at all for the first time since 1974.

Democrats plan to amend the CR in the Senate into an omnibus appropriations bill that has been crafted by Senate Appropriations Committee Chairman Daniel Inouye (D-Hawaii).

That Senate bill, which is also being worked on by minority staff in an effort to garner enough Republican votes to overcome a filibuster, would provide about $19 billion more in funding than the House CR and would contain congressional earmarks.

The Washington Post featured the internet poker legislation on the front-page of their website on Saturday, and had this to say about the possibility that #reidbill might be included, in the omnibus -or- in other legislation:

Reid initially toyed with adding the proposal to the tax-cut compromise between Republicans and President Obama but decided against it amid concerns that it would further complicate that bill’s chances for getting passed, according to lobbyists and aides. The measure could be added to an omnibus spending bill or other must-pass legislation in coming days.

ABC News also talked about the timeframe for passing the CR in a report on Saturday:

For all the talk about taxes lately, the Senate’s only must-do issue in the lame-duck session is extending government funding into next year, a fight that appears set to take place late next week. Senators are up against a clear deadline: the latest continuing resolution to keep the government running ends at 12:01am on Sunday Dec. 19^th.

-and-

The Senate is set to have its first procedural vote on the tax bill next Monday, so it is likely that the chamber will not take up the omnibus until Wednesday at the earliest. That would mean that both the Senate and the House would have to pass it by the end of Saturday if lawmakers are to avert a government shutdown.

The urgency of this continued resolution to the operation of our government is clear.  Whether the fate of internet poker legislation rests with the same piece of legislation is yet to be seen.

In last Friday’s twitfeed, my favorite tech-biz site Tech Crunch tweeted about their post  “Is Zynga Trying To Patent Virtual Currency?” Apparently, the leviathan of multiplayer gaming networks — and big wildcard in the future of real-money online poker — filed a US Patent Application in March of this year in an effort to corner the virtual currency market.

At least that’s my take. After reading the actual legal document, “Virtual Playing Chips in a Multiuser Online Game Network”, I gather what they are really trying to do is define and patent the purchase and flow of “Non-Redeemable Virtual Currency” as it pertains *specifically* to gambling on social networks.

 

click to enlarge

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Sorry for missing this, but I guess I hit the Google snooze alarm. Ten days ago, federal authorities arrested Todd Lyons, 36, of Beverly, Massachusetts, for allegedly running an offshore sports betting operation called Sports Offshore. They pretty much threw the book at him, levying 36 criminal charges — fraud, money laundering, racketeering, tax crimes, you name it … and one of them for violating the UiGEA.

Nothing to do with poker specifically at first glance … but if you believe the Feds don’t operate in a vacuum, there seems to be a message here that might-should have a few Poker After Dark regulars shitting bricks taking note …

I learned about the arrest from J. Todd, whom I find myself paying closer attention to than before as the June 1 D-Day approaches. However, point of order, dude, I think you got it wrong saying Lyons was the first ever UIGEA arrest. I’m 99.99 percent sure he was the second. You gotta read your Pokerati, man, where you’ll see that the first was Daniel Tzvetkoff. It’s right there, charge #4, in the criminal complaint from the DOJ! Reason magazine saw the same thing, too.

With that out of the way (we understand typos here), let’s look a little closer at this case and how it may or may not be different from payment processor arrests related to online poker …

First off, this indictment does not come out of the Southern District of New York, which we know is where the biggest poker heat has been coming from. However, is it just a coincidence that the first UIGEA arrest happened in Las Vegas (capital of the poker world) and the second was in Massachusetts (home to the biggest Congressional opponent of the UIGEA). The message someone could read here is “Barney Frank can’t save you!”

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I know poker players sometimes forget there’s a whole non-poker world out there, but really there is … and one of the big stories in the big media these days is the nomination of Solicitor General Elena Kagan for US Supreme Court.

Turns out Kagan is known amongst her posse as something of a poker player. The only contemporary Kagan I could find in the Hendon Mob any player database is Matthew Kagan, from Cambridge, MA, who min-cashed in the 2005 WSOP main event. Definitely not her, but who knows, she’s got strong Harvard ties, maybe related … ?

From newsbusters.org:

Amongst the non-ideological superlatives: ABC’s Diane Sawyer trumpeted the “historic nomination” of the “five foot three inch powerhouse,” CBS’s Crawford insisted “her interests reflect her openness. She loves softball and poker” (poker reflects “openness”?) and NBC’s Pete Williams hailed her as an “accomplished poker player, opera lover.”

From CNN:

Kagan also plays poker and drinks beer, according to Litman, who described her as “someone who from early on has focused on the law’s impact on people’s lives.”

The Daily Show:

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I didn’t intend to go here, but while looking up where J. Todd got his information about the $5.2 million spent on online gambling lobbying in Q1 2010, I dug a little deeper into the Bola Verde report (“Business Intelligence for Intelligent Business”) on the IGaming Special Interest in Washington.

(Just a little deeper … the 96-page report itself, which was written in February and updated a week ago, costs $1,200.)

Click here for a detailed summary.

You’ll see that the online gambling lobbying spend is actually down from Q4 2009, but mostly because of cuts from the US Chamber of Commerce. (Had no idea they were even on our side … nor that they were allowed to lobby, lol! Go jobs?)

Also, a breakdown of who’s dropping the dough:

Harrah’s topped the list of spenders at $1.22 million followed by Poker Players Alliance ($785,000), UC Group ($717,239), USCC ($664,442) and the Interactive Gaming Council ($412,580).

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It’s no secret I’ve been nosing around in Full Tilt’s business lately. They are the ones who, after all, practically built the poker world as we currently know it — and helped create an industry that so many of us rely on for food. But considering what these good people potentially face and how it could impact us all, I couldn’t help but start cashing in favors for information from some of the highest ranking, super-reliable people I know.

Alas … still haven’t gotten the details I’m seeking about Howard Lederer and Phil Ivey’s meeting with Barack Obama in February — what did they say? what did he say? — but perhaps as a consolation prize, my source told me he had one piece of info that he/she could confirm with “100 percent” certainty.

OK, I’m listening …

“Viktor Blom is Isildur.”

Oh, that’s it? I mean thanks.

“Yes. 100 percent.”

He’s not under investigation or anything, is he? Got a DWI maybe, or how ’bout an illicit rendezvous with Guy Laliberte and the Swedish women’s curling team … that would all be good for traffic.

“Nope. Just playing high-stakes no-limit hold’em and PLO.”

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This shoulda gone up about two-and-a-half months ago … but hey, we were busy with the November Nine and Tiger Woods was busy banging every chick in Vegas who ever said “call me!” … not to mention posing for photoshopped covers of Golf Digest with advice for Barack Obama. No wonder he didn’t have time to be smoking pot with Michael Phelps …

Still, before golf officially decided to go the degen route — or perhaps in preparation for it? — Golf Magazine ran a feature in their November issue about Phil Hellmuth, Layne Flack, Erick Lindgren, and Gavin Smith hitting the Las Vegas links, apparently foreshadowing the concept of risking big-big bucks on every hole:

Golf Magazine feature on High Stakes Poker Players Golfing

The first thing that caught my eye when I saw the cover of the new issue of National Journal was the hand: Obama already has Jacks-or-better, but could also be drawing to an inside straight. Great artistic display of poker metaphor … and I can’t believe, after more than six years since Moneymaker, someone has finally posed a hand as something other than a royal flush. That in and of itself tells me the story’s gonna be good … as the editor clearly understands a little something about politics and poker.

Once and future NJ subscribers can click here:

COVER STORY: High Stakes
AN ANALYSIS OF OBAMA’S POTENTIAL APPROACH TO FOUR MAJOR ISSUES.
by Will Englund / Saturday, Dec. 5, 2009

Or click below to read (the full text from) an email that has been floated through the poker-political ether:

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Finally, someone asked President Barack Obama semi-directly about gambling legalization. The college-student questioner didn’t specify online gambling, and he lumped us in with drugs, prostitution, and other non-violent crime with revenue generating potential.

But it does give a little insight suggesting that we probably shouldn’t expect President O to wholeheartedly support the efforts of Barney Frank et al.

ALT HED 1: Come on, Flip-Flop!
ALT HED 2: Is that Isildur?

Free Pokerati T-shirt to anyone (college student or otherwise) who can get an on-the-record audience with the Prez and can ask essentially the same question, but being a little more specific about “online gambling”. Throw a few government stats in there, too, and phrase it in a way that allows less generic wiggle room.

(Or not. Maybe now we know we don’t want Obama getting involved in our issue?)