Headlines: Poker, Law, and Politics (11/04/06)

articles:
The immoral majority in America (The Argus, 11/02/06)

Don’t ban online games; tax ’em (The Kansas City Star, 11/04/06)

Pastor speaks on dangers of gambling for college students (The Middleton Press, 11/04/06)

A Novice Does Some Bluffing in Connecticut Hold ‘Em (The New York Times, 11/04/06)

Interview with Mike Sexton (Poker Lizard, 11/04/06)

blog:
UIGEA Update: Financial Processing (Bill Rini, 11/04/06)

excerpts:
The immoral majority in America (The Argus, 11/02/06)
“One of the few achievements of the GOP Congress this year was a law to crack down on online gambling, an industry that counted 8 million American customers last year — about four times the membership of the Christian Coalition. The new law hasn’t stopped the online gamblers from betting, but it will give them second thoughts about voting Republican…”


Don’t ban online games; tax ’em (The Kansas City Star, 11/04/06)
Recently I chimed in on the drama surrounding online poker and related legislation. I discouraged any ban, adding — and I quote myself — “Monitor it, regulate it, tax the heck out of it — that’s fine.”

Pastor speaks on dangers of gambling for college students (The Middleton Press, 11/04/06)
“But sites like MySpace.com and facebook.com carry ads that offer a free $50 stake to sign up for one online gambling site or another, and he’d start up again,” said Hogan Sr. In desperation, Hogan called Lehigh officials asking that the university, which provides high-speed Internet access in students’ rooms and the library, to do something to block out gambling sites. He was told they could do nothing…”

A Novice Does Some Bluffing in Connecticut Hold ‘Em (The New York Times, 11/04/06)
“The turnout attested to the nonaristocratic character of the current poker boom. According to the American Gaming Association, more than 37 million people, nearly 18 percent of the nation’s adult population, played poker in 2005, up from 25 million in 2003. In Nevada and New Jersey, the only two states that break out poker revenue, casino visitors spent $207.2 million in 2005, an increase of 37 percent over 2004. You can bet, with pun intended, that untold millions more were spent in private games and on Internet gambling sites…”

Interview with Mike Sexton (Poker Lizard, 11/04/06)
“I still believe it’s freedom of choice. Who is the government to tell someone who’s been working all day that they can’t go home and play a $20 tournament that night? If they get lucky, they win $1000. If not, well they had an enjoyable night and lose their $20. Some people like to go to the movies, some like to go to dinner, and some like to play online poker tournaments. It’s mind boggling to me that they can be told they can’t do that…”

blog:
UIGEA Update: Financial Processing (Bill Rini, 11/04/06)
“Bottom line: Yes, Stars and Full Tilt have been growing but their bumps aren’t as big as what was lost. Haley also observed that it seems to look like the big prize tourney players play X number of tourney’s a week/month. With Party gone, all that’s happened is that most have picked Full Tilt for their second tournament. So, we’re seeing an overall drop in the number of players but those remaing players are concentrated on fewer sites leading people to make false conclusions about the state of the industry…”

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