Posts Tagged ‘S 3616’

December 1, 2008

PPA Uses Cheating Scandal Coverage to Bolster Political Push

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Nice statement from the Poker Players Alliance just came across the transom. We’ll see if it leads to more coverage of our issue in the non-poker political press. Regardless, I think historically November ‘08 will be seen as a period where everything changed for the industry (for better or worse is yet to be determined) … probably the most significant period since Sep/Oct ‘06.

Statement by PPA Chairman D’Amato on “60 Minutes” and Washington Post Coverage of the Absolute Poker and Ultimate Bet Cheating Scandals

Washington, D.C. – “The recent cheating scandals underscore the need for U.S. licensing and regulation of online poker to help protect consumers. While even the most highly regulated industries are susceptible to fraud and abuse, regulation does provide assurances that when consumers are harmed they have recourse, and that the offenders will be sanctioned. The continued pursuit of poker prohibition, on the other hand, will only drive this industry underground. As the Washington Post pointed out, prohibition represents a widening disconnect between 21st-century technology and 20th-century laws.

More…

Posted by DanM at 2:16 pm

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October 1, 2008

Special Interest Update: New Senate Poker Bill

S. 3616, the Internet Skill Game Licensing and Control Act

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The US Senate is hard at work … as we speak/type/read, they’re fixin’ to vote on their version of the Bush-Obama-McCain-endorsed $700 billion Wall Street bailout bill (currently at 450 pages) … hope that works out the way it should.

Meanwhile, Sen. Robert Menendez (D-NJ) has introduced S. 3616, the Internet Skill Game Licensing and Control Act. Hmm, interesting timing … and more good work from the PPA (and good poker citizens) to make this happen. Poker big-wigs were told of a Senate bill in the making during Alfonse D’Amato’s visit to the WSOP this summer … so this wasn’t any hastily concocted measure.

Major provisions of this bill:

  • Thorough vetting of potential licensees;
  • Mandatory implementation of technologies to protect against underage gambling and to monitor and detect individuals with excessive gaming habits;
  • High standards to thwart fraud and abuse of customers;
  • Regulation to prevent money laundering; and,
  • Processes to prevent tax avoidance.

Kinda fascinating to see the (potential) future of online poker (potentially) taking shape, no? It’s taken nine bills to get to this point. Combine this one with the recent bipartisan pushing of HR 6870 from the House Financial Services Committee to the House floor — requiring clarification of the vague definition of “unlawful Internet gambling” contained in the 2006 Unlawful Internet Gambling Enforcement Act after industry officials and regulators, including the Federal Reserve and Department of Treasury, testified to the UIGEA’s unworkable nature and the burden it places on the already troubled banking industry — and, well, you do the math.

The nation may or may not be on the verge of economic crumble, but as far as poker’s concerned, I think we’re looking at positive EV.

More from the PPA and the actual text of the S. 3616 here.

Posted by DanM at 3:15 pm

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