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Posts Tagged ‘Jim McDermott’

December 10, 2009

CNBC Documentary on Illegal Gambling Airs December 16

A clip from the CNBC program:

And here’s the CNBC press release:

CNBC Original Reported by CNBC’s Melissa Francis to Premiere on Wednesday, December 16th at 9PM ET/PT on CNBC

ENGLEWOOD CLIFFS, N.J., December 10, 2009-Beyond the Las Vegas strip there’s a thriving underworld of illegal gambling. It’s a multi-billion dollar business and millions of Americans are in on the action…

On Wednesday, December 16th at 9PM ET/PT, CNBC presents “CNBC Investigates: The Big Business of Illegal Gambling,” a CNBC Original reported by CNBC’s Melissa Francis that takes viewers inside this high-stakes business that brings some people immense wealth, while others pay the ultimate price.

More…

Posted by Kevin Mathers at 3:00 pm

May 11, 2009

Regulating Online Gambling 2009: Starting Point

Good article in Congressional Quarterly about Barney Frank’s online gambling regulatory framework bill and Rep. Jim McDermott’s (D-WA) HR 2268, which sets up associated tax collection measures.

TRIVIA: Does anyone know the bill number for the UIGEA? Free satanic spade swag-shirt for the first correct commentor.

The article points out what a significant move it is by Harrah’s to be so publicly behind these legislative measures, and the relevance of Rep. Shelley Berkeley’s (D-NV) full-on support. (She previously supported only studying the issue.) Overall, the non-partisan piece is far more optimistic than most of us poker-biz “professionals” … but even CQ knows they’re just guessing. What it does, however, is establish the baseline, from where Congressional dialogue on online gambling will be starting. (So we’ll have to deal a lot with addiction and protection-of-minor issues, but not so much with 1/3 of them attempting suicide the first time they suffer a bad beat.)

Posted by DanM at 2:33 am