Also from Gambling Compliance … This may be kinda old news now, but something else GC made available for all us poker plebes is their July interview with Rep. Jim McDermott (D-WA), sponsor of HR 2268, the legislation that lays out the structure for a new federal online gambling taxing machine, and the “companion bill” for Barney Frank’s HR 2267, which, of course, sets up the bureaucracy that poker players collectively have been clamoring for.
McDermott makes a cautious prediction starting at about 4:57, saying, “It is very very likely that this bill will pass” before the end of the year. He then explains how and why he believes online gambling supporters on the Hill can win over the necessary Congressfolk, “one Member at a time”:
This interview came before the HR 2267 mark-up hearing, where the bill moved forward with a bigger margin of bipartisan victory than expected … presumably made easier by the various amendments added by representatives from across the country and across the political spectrum.
Because you can’t have McDermott’s bill, 2268, without 2267 — and 2267 means little in terms of practical application without 2268 — they totally go together. But until the two are merged, this dual-bill process also creates additional spots for cutthroat backstabbing shenanigans parliamentary maneuvers across the aisle should some influential sort not like the way the bill is taking shape for their client/big-donor’s competitive interest. I’m pretty sure that’s how it works … but to borrow a phrase from McDermott, not gonna say 100 percent.
It’s here … the debate we all wanted in 2007, 2008, and 2009 is finally happening. And all signs point to good-for-poker. But we might wanna be careful what we wish for … not sure exactly how it’s gonna play out, but even if the laws we champion get passed post-haste it won’t be like we’re suddenly back in 2006, time-warped to an era when Jamie Gold was the only thing bad about poker. Ahh, the innocence …
Even as online gambling legislation that would effectively make online poker fully legal moves forward, so many different interests will be fighting to have things worded their way …
Still, with this most recent movement on the McDermott bill — a little 2-hour committee hearing — we got one big step closer to the day when all those 10s of millions of Zynga poker players suddenly begin to play for real money.
Just a quick note that the House Ways and Means Committee has a hearing this morning at 9:30am ET today regarding legislation from Jim McDermott (D-WA) HR 4976.
The hearing is on “TAX PROPOSALS RELATED TO LEGISLATION TO LEGALIZE INTERNET GAMBLING”.
The PPA isn’t giving up on moving Barney Frank and Jim Goodlatte’s online gambling bills through Congress before (or after) the June 1 UIGEA deadline. In response to their efforts — and perhaps testament to their progress — one of the original UIGEAers Rep. Bob Goodlatte (R-VA) has joined forces with his colleague Rep. Rick Boucher (D-VA) in a letter encouraging all congresspeople to resist any sensible appeal to legalize internet gambling.
They seem to be playing fierce and maybe even a touch dirty. The bipartisan nature of the letter is sure to catch some undecided Congressional eyes — and in it they drop a story about a college student committing suicide after going uber-deep into online gambling debt.
IGRTEA 2010 specifies money for states and tribes — 6 percent — and attaches a dollar amount for a specific beneficiary, roughly $1 billion a year for foster-care programs. It’s being pitched as a sin tax, really — a simple addition to the tax code to allow one more group of disadvantaged youth to still get its government cheese. But if that’s the road they’re going down, perhaps they should earmark the $1 billion/year these kids will get from PokerTaxes.net as being for foster kids with cancer and cleft palettes? How can you be against helping foster children make that abused foster children with cancer and cleft palettes.
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.
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.)
