Subcommittee Key to Expediting Legalization of Internet Poker

Written by:
C Costigan
Published on:
Internet Poker

Howard Stutz of the Las Vegas Review Journal on Sunday notes that it appears legalization of Internet poker could be coming soon and that the Subcommittee of 12 Senators and 12 Representatives placed in charge of finding $1.5 trillion in debt savings over a 10-year period will want to examine the prospects of a multi-billion dollar industry coming to the States.

From the Las Vegas Review Journal:

With estimates of Americans having wagered $6 billion annually on the activity, Internet poker proponents said there is just too much money -- and too many potential tax dollars -- on the table for the committee of six Republicans and six Democrats not to at least consider federal legalization and regulation.

"There's a lot of speculation that the committee will take a serious look at Internet poker," said Las Vegas attorney Greg Gemignani, who is chairman of the technology and Internet division of Lionel Sawyer & Collins' gaming practice.

Among those serving on the committee are none other than Arizona Republican Senator Jon Kyl who helped co-author current legislation the prohibits banking institutions from allowing online gambling transactions.  His stance has since changed somewhat as it applies to regulating Internet poker. 

Should the activity become legal, Nevada would serve as the hub.  That state has already passed a measure into law that would permit online poker rooms to operate in places like Las Vegas while accepting players from across the US.  The law will not go into effect, however, until federal legislation is passed. 

- Chris Costigan, Gambling911.com Publisher

Poker News

$5 Million Venom Kicks Off Today

$5 Million Venom PKO Kicks Off Today

Americas Cardroom has hundreds of seats up for grabs via our Venom PKO Fever satellites which start Friday, April 9th.

Oh My God: Brunson Blocks Doug Polk, Matt Glantz Over "Atheist" Tweet

Brunson: "The reason I blocked Doug Polk is the smug way he portrays himself. And what he says might be true, nobody should declare themselves as the greatest of all time. Your peers should do that to be really true."

WynnBET Launches Mobile Sports Book In Fifth State

WynnBET Launches Mobile Sports Book In Fifth State

WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts, opened its mobile sports book in Indiana today.

World Series of Poker 2021 to be Held in September

World Series of Poker 2021 to be Held in September

In a sign that life may be coming back to normal following a global pandamic that has shut down major events over the past year, the World Series of Poker has announced its Main Event in the US will take place in-person at the Rio All-Suite Hotel & Casino Thursday, Sept. 30 through Tuesday, Nov. 23.

Phil Hellmuth Defends Legacy Before Taking on Kid Poker

Phil Hellmuth Defends Legacy Before Taking on Kid Poker

"High Stakes Duel" takes place Wednesday March 31, 2021 starting at 2 pm and features Phil Hellmuth going up against Daniel Negreanu in an effort to determine the GOAT of Poker.