Headlines: Poker, Law, and Politics (02/01/08).

020108_bust.jpg

articles:
Upper Allen poker game busted (The Sentinel, 02/01/08 – PA)

Selectmen suspend three liquor licenses (MetroWest Daily News, 01/30/08 – MA)

Rep urges Congress to permit net gambling (PokerListings, 02/01/08)

Safe Bet: IRS Won’t Get Gambling Winnings (Fox Business, 02/01/08)

Crackdown on internet gambling (Dutch News, 01/30/08)

EU launches action against Germany, Sweden over gambling restrictions (Forbes, 01/31/08)

media:
Illegal Gambling Bust (CBS21, 01/31/08 – PA)

press release:
Regulating Internet Gambling Would Generate Billions in New Revenue for Critical Government Programs (SSIGI, 01/31/08)

Costa Rica Files for Arbitration in WTO Gambling Dispute (SSIGI, 01/31/08)

research:
Estimate Of Federal Revenue Effect Of Proposal To Regulate And Tax Online Gambling (PriceWaterHouse Cooper, 12/06/07)

excerpts:

Upper Allen poker game busted (The Sentinel, 02/01/08 – PA)
“A bevy of police officers knocked, then waited a few seconds before using a ram to break through a double deadbolt lock on a body shop in Upper Allen Township, startling the almost two dozen men on the other side of the door. In doing so, authorities say, a gambling operation that drew players from as far away as Wilkes-Barre and Philadelphia was busted.”

Selectmen suspend three liquor licenses (MetroWest Daily News, 01/30/08 – MA)
“Connery’s, at 102 Irving St., was punished for promoting a lottery, holding a poker tournament with no license, promoting gambling and allowing illegal activity. The pub was hit with two liquor license violations last summer. Board members were not impressed by apologies by manager Melissa Hewitt, who said she was “embarrassed” by the situation and admitted that officials had not done enough research about getting a permit for their tournament.”

Rep urges Congress to permit net gambling (PokerListings, 02/01/08)
“Representative Jim McDermott (D-Wash.) sent out a letter to his fellow U.S. Congressmen this week urging them to support legislation that would regulate and tax online gambling in the United States. U.S. law currently aims to prohibit U.S. residents from gambling on the Internet, and McDermott points out that governing what adults choose to do online is difficult.”

Safe Bet: IRS Won’t Get Gambling Winnings (Fox Business, 02/01/08)
“Many are just friendly wagers — a dollar in the office pool or a good-natured bet with the neighbor who’s jumped on that overcrowded Patriots’ bandwagon. But other football fans are taking the game more seriously and handing over big bucks to bookmakers, both legal and not-so-legal. All these Super Bowl wagers spotlight a persistent Internal Revenue Service problem: tracking and taxing gambling winnings.”

Crackdown on internet gambling (Dutch News, 01/30/08)
“Banks and credit card companies are to be held criminally liable if they facilitate Dutch citizens in gambling on foreign internet sites under new justice ministry regulations, reports Wednesday’s Volkskrant. A list of banned websites is to be circulated this spring, the paper says”

EU launches action against Germany, Sweden over gambling restrictions (Forbes, 01/31/08)
“The European Commission said it has launched infringement proceedings against Germany and Sweden over national legislation restricting the supply of gambling services. The commission has sent a ‘letter of formal notice’ to the authorities. They have two months to respond.”

media:
Illegal Gambling Bust (CBS21, 01/31/08 – PA)
“For months neighbors say they’ve noticed something unusual at an Upper Allen Township body shop. Cars arrived in the evening and stayed until the wee hours of the morning.”

press release:
Regulating Internet Gambling Would Generate Billions in New Revenue for Critical Government Programs (SSIGI, 01/31/08)
“Congressman McDermott Urges Congress to Support Internet Gambling Legislation A new tax revenue analysis announced by Representative Jim McDermott (D-WA) estimates that regulating Internet gambling would generate between $8.7 billion to $42.8 billion in federal revenues over its first ten years. The findings of the analysis, prepared by PricewaterhouseCoopers, were provided to all Members of Congress by McDermott earlier this week.”

Costa Rica Files for Arbitration in WTO Gambling Dispute (SSIGI, 01/31/08)
“The international Internet gambling dispute, potentially valued at billions of dollars, continues. Costa Rica and Antigua separately filed for World Trade Organization (WTO) arbitration on January 28, seeking compensation from the United States as a result of the U.S. withdrawal of its commitment on cross-bordergambling services. The new arbitration requests could potentially derail the settlement for compensation agreed to late last year by the U.S. and the E.U.”

research:
Estimate Of Federal Revenue Effect Of Proposal To Regulate And Tax Online Gambling (PriceWaterHouse Cooper, 12/06/07)

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