..

Subcommittee Key to Expediting Legalization of Internet Poker

Written by:
C Costigan
Published on:
Sep/04/2011
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

Online Poker Could be Coming to Indiana

Online Poker Could be Coming to Indiana

Indiana state Senator Jon Ford, a Republican member from Terre Haute, has introduced a bill that would permit the expansion of online gamlbing in the Hoosier State should it pass.

The Mouth Rejects Trump

The Mouth Rejects Trump

One of Donald Trump's most loyal supporters in the poker community has apologized to his own followers and now flat out rejects the sitting US President.

$8 Million Venom Gets Underway This Month: $1 Million Top Prize

$8 Million Venom Gets Underway This Month: $1 Million Top Prize

The $8 Million Venom gets underway on January 22nd. And once again, Americas Cardroom will be featuring four Day 1 flights, a Day 2, a Day 3, and an epic final table.

Huck Seed Inducted Into Poker Hall of Fame, Ferguson Just Three Votes

Huck Seed Inducted Into Poker Hall of Fame, Ferguson Just Three Votes

Huck Seed, an American professional poker player best known for winning the Main Event of the 1996 World Series of Poker, has been inducted into the Poker Hall of Fame. 

"The Mouth" Hacked!

"The Mouth" Hacked!

Poker pro Mike "The Mouth" Matusow has gone off on Venmo for reportedly allowing thousands of dollars to be hacked from his account.  Matusow also claims he has gotten little assistance from mobile payment solutions company that allows money transfer between "friends".

Syndicate