Headlines: Poker, Law, and Politics (1/22/07)

poker_pals.jpg

article:
Gambling Subpoenas on Wall St. (New York Times, 01/22/07)

Outcry as US targets City firms over online gambling (The Times, 01/22/07)

Poker pals (Asbury Park Press, 01/20/07)

Adult game arcades get deadline (The Birmingham News, 01/19/07)

Utah County lawmakers discuss host of issues with local leaders (Deseret News, 01/21/07)

For students, lure of money is everywhere (Star Tribune, 01/20/07)

Youth gambling is topic of forum (Boston Globe, 01/21/07)

blog:
Texas: Two steps closer to legal poker (Pokerati, 01/22/07)

Bodog on the Way Out? (Kick Ass Poker, 01/20/07)

Let’s All Calm Down A Bit (Poker Chronicles, 01/21/07)

Help Wanted: Hero (Haley’s Poker Blog, 01/21/07)

excerpt:
Gambling Subpoenas on Wall St. (New York Times, 01/22/07)
“The Justice Department has issued subpoenas to at least four Wall Street investment banks as part of a widening investigation into the multibillion-dollar online gambling industry, according to people briefed on the investigation. The subpoenas were issued to firms that had underwritten the initial public offerings of some of the most popular online gambling sites that operate abroad. The banks involved in the inquiry include HSBC, Credit Suisse, Deutsche Bank and Dresdner Kleinwort, these people said.”


Outcry as US targets City firms over online gambling (The Times, 01/22/07)
“Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US. After calls on the British Government to spell out the limits of the US authorities’ reach, the Treasury said last night that it was monitoring the situation.”

Poker pals (Asbury Park Press, 01/20/07)
“The handmade poker flag flies all weekend long, sunlit by day and floodlit by night. It’s a cool Sunday evening in late October and the flag is flapping smartly in the breeze. The flag has a royal flush on it and the names of the women inside the Toms River home of Martha Riley in the Silver Beach section.”


Adult game arcades get deadline (The Birmingham News, 01/19/07)

“Meanwhile, a Jan. 12 ruling by the Alabama Court of Criminal Appeals upheld Shelby County convictions involving Texas Hold’em poker games. “With the release of these two decisions, local law enforcement now has the clarity in the law to begin shutting down outlaw gambling operations,” Attorney General Troy King said in a statement. “Today’s courts have now made clear what past courts had made murky – whether it is a slot machine or a poker game, it is clear that under Alabama law, it is illegal.” “We could be kicking in some doors,” said Bill Bostick, Shelby County’s chief assistant district attorney.”

Utah County lawmakers discuss host of issues with local leaders (Deseret News, 01/21/07)
“Sandstrom is also sponsoring a bill to prevent “gambling-like activities” in private clubs and other organizations. An example of this is a private club having a “poker night” with chips that have no value, but at the end of the game or competition, the person with the most chips gets a cash prize. This is a loophole in anti-gambling legislation, he said, and his bill will close it. Utah and Hawaii are the only two states that do not allow any form of gambling. Sandstrom said he wants to keep it that way.”

For students, lure of money is everywhere (Star Tribune, 01/20/07)
“The poker players sparkle like celebrities on cable TV, often sitting coolly in sunglasses while raking in their chips. The gambling industry sells itself by marketing the kind of high-stakes wins that are routine for only a few.”

Youth gambling is topic of forum (Boston Globe, 01/21/07)
“Parents of Belmont school students are invited to a discussion tomorrow night on the risks of youth gambling. The forum, part of a regular parent education series, comes as the Massachusetts Council on Compulsive Gambling is promoting its new school-based curriculum. The fear among educators is that some teenagers who start out playing popular poker games could turn into problem gamblers later in life.”

blog:
Texas: Two steps closer to legal poker (Pokerati, 01/22/07)
“Two bills that would open the doors in Texas for state-sanctioned, regulated, taxable poker (and other gambling) have been drafted and are beginning to make the rounds necessary to bring the issue to a vote on Nov. 7, 2007.”

Bodog on the Way Out? (Kick Ass Poker, 01/20/07)
“Well, that’s one of the rumors, at least. Most of you will remember that it wasn’t too long ago that Bodog announced a cessation of its U.S.-based television and magazine advertising, among other markets. Subsequent tales had Bodog planning on an exit from the U.S. market in its entirety sometime around July 1st, though recent events may well move that schedule forward, if the rumors are, in fact, believable.”

Let’s All Calm Down A Bit (Poker Chronicles, 01/21/07)
“People have to realize that you can’t look at a line graph and make conclusions here. Stuff is going badly right now, what with BetonSports, Pinnacle, and Neteller, but it’s a trend that, logically speaking, has to reverse, or at least not continue on much farther. I admit Pinnacle was surprising, and it boggles my mind, but privately held corporations complying with a law that they don’t really have to which wrecks their business is going to be the exception rather than the rule. It has to.”

Help Wanted: Hero (Haley’s Poker Blog, 01/21/07)
“I read the headlines as frequently and diligently as anyone, and I have to say I’m saddened. Saddened, because none of the big names with deep pockets have stepped up and sought an injunction against the UIGEA and the actions of our federal government. There’s certainly no shortage of lawyerly types among the top levels of poker heirarchy, or all they all just full of it, buckling under when a real challenge arises?”

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One response to “Headlines: Poker, Law, and Politics (1/22/07)

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