Headlines: Poker, Law, and Politics (04/15/08)

articles:
Bankers cheer Frank-Paul approach to Web gambling (The Hill, 04/14/08)

Internet poker site operator doubts ban will be lifted anytime soon (Las Vegas Review-Journal, 04/15/08)

Raid cracks high-stakes poker ring in Long View (Hickory Daily Record, 04/15/08 – NC)

Eleven arrested in gambling bust (abc13, 04/13/08 – TX)

Casinos possible – but some students already win big (The Daily Pennsylvanian, 04/15/08 – PA)

media:
Missoula hosts poker championship (KPAX, 04/14/08 – MT)

excerpts:

Bankers cheer Frank-Paul approach to Web gambling (The Hill, 04/14/08)
“The banking industry is cheering a fresh assault on the 2006 federal crackdown on Internet gambling by an unlikely duo: House Financial Services panel Chairman Barney Frank (D-Mass.) and Rep. Ron Paul (R-Texas). Frank has teamed up with the libertarian-minded Paul, who crusaded against big government during his recent White House bid, on legislation to block that law by forbidding federal officials from writing rules to implement it.”


Internet poker site operator doubts ban will be lifted anytime soon (Las Vegas Review-Journal, 04/15/08)
“Although he supports congressional efforts to roll back the Internet gambling ban, the vice president of a poker Web site on Monday said he is skeptical that will happen in the near future. “I don’t want to be a naysayer, but things move very, very slowly in Congress,” said Jay Lakin, vice president of Poker Source Online, which is headquartered near San Jose, Costa Rica. Lakin said he is taking a “wait and see attitude” about a bill introduced last week by Reps. Barney Frank, D-Mass., and Ron Paul, R-Texas, that would prevent the Department of Treasury and the Federal Reserve from proposing regulations to enforce the 2006 ban.”

Raid cracks high-stakes poker ring in Long View (Hickory Daily Record, 04/15/08 – NC)
“Police broke up a high-stakes poker ring in Long View on Thursday, seizing cash, poker chips, cards and poker tables. Officials from six agencies, including the Alcohol Law Enforcement, were involved in the raid at 2247 U.S. 70 in Long View, according to the Long View Police Department. Following up on tips from the community, police began investigating the gambling activity at the home a year ago. Until recently police did not think they had enough evidence for a search warrant.”

Eleven arrested in gambling bust (abc13, 04/13/08 – TX)
“Eleven people were arrested in a high-stakes gambling bust in northwest Harris County. Sheriff’s deputies executed a search warrant on west road near yearling this afternoon, following a two month undercover investigation. Authorities say they found a room full of card tables and about 80 customers playing Texas Hold ‘em. And they weren’t playing ordinary poker matches. Thousands of dollars were at stake in the sophisticated operation.”

Casinos possible – but some students already win big (The Daily Pennsylvanian, 04/15/08 – PA)
“Rick Heaslip clears between $500 and $1,000 an hour on a good day. Heaslip, a College junior, plays poker professionally when he’s not studying Asian-American war literature or working toward his English major. Heaslip is a member of a community of Penn students who play professional or semi-professional poker in person and online. He started just over a year ago, despite initial concerns from his parents. “At first, they thought I was going to degenerate,” Heaslip said, but they stopped worrying after he started shouldering his college debt.”

media:
Missoula hosts poker championship (KPAX, 04/14/08 – MT)
“The Grizzly Scholarship Association and Century Gaming are played host to the first statewide championship poker tournament, which was held on Sunday in Missoula.”

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