Headlines: Poker, Law, and Politics (3/30/07)

article:
Gambling interests spend millions in lobbying (USA Today, 03/30/07)


Bill allows vets groups to offer cash prizes (DesMoinesRegister, 03/30/07)

DEAL ME IN: Online World Series qualifiers are afoot (The Tuscaloosa News, 03/30/07)

The Return of Online Wagering? (Red Herring, 03/30/07)

excerpt:

Gambling interests spend millions in lobbying (USA Today, 03/30/07)
“The Poker Players Alliance, which lobbied heavily against the ban recently hired former New York senator and poker enthusiast Alfonse D’Amato to lead the group’s effort this year. D’Amato’s message to former colleagues: the U.S. government could generate $3 billion in taxes a year if it regulated the industry…The alliance already has some support in Congress for repealing the ban. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, told The Financial Times last week that the Internet gambling ban was one of the “stupidest” bills ever passed.”


Bill allows vets groups to offer cash prizes (DesMoinesRegister, 03/30/07)
“It’s currently illegal for veterans organizations to hold poker tournaments for cash prizes, but legislation approved Thursday in the Iowa Senate would change that. Senate File 414, which now goes to the Iowa House for more consideration, would allow existing veterans posts to hold card tournaments twice a month for prizes totalling $1,000.”

DEAL ME IN: Online World Series qualifiers are afoot (The Tuscaloosa News, 03/30/07)
“After Congress passed the legislation last year that would limit the ability of U.S. customers to transfer money in and out of online poker sites, many naysayers predicted a serious downgrade in the number of participants in the World Series of Poker. After all, the majority of the nearly 9,000 players in the main event last summer qualified online, and Harrah’s officials said they would not accept entries from the overseas cyberpoker houses for fear of punishment by Big Brother in Washington.”

The Return of Online Wagering? (Red Herring, 03/30/07)
“Call it a long shot. But a ruling expected on Friday from the World Trade Organization (WTO) could herald the return of the $6-billion online gambling industry to the United States. Currently, it’s dominated by very nimble, offshore startups. The WTO is expected to rule that U.S. online gambling laws violate the General Agreement on Trades in Services (GATS) treaty which the U.S. signed. That ruling gives Antigua and Barbuda, the twin-island nation that filed the complaint, the right to seek a settlement with the U.S. that could cover anything from sanctions to payments.”

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