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New Online Poker Bill HR 2666

Friday July 12,2013 : BARTON TAKES ANOTHER RUN AT U.S. FEDERAL ONLINE POKER LEGALISATION
 
But the new bill bans the use of credit cards, and creates a monopoly for land-based casinos.
 
Texas Representative Joe Barton's much anticipated second attempt at launching a federal online poker-only legalisation bill became a reality Thursday with the introduction of HR 2666, the Internet Poker Freedom Act of 2013, in Congress.
 
Barton says online poker is a game of skill, and that there should be certainty in what is legal and what is illegal in an increasingly grey area. He acknowledges and supports the potential benefits of tax revenues for "federal, state, and tribal governments” and a boost to employment in the United States.
 
HR 2666 also appears to condone interstate compacts between like-minded states, including a clause which states: “United States consumers would benefit from a program of Internet poker regulation which recognizes the interstate nature of the Internet, but nevertheless preserves the prerogatives of States and federally recognized Indian tribes.”
 
The 100-plus pages long bill has the usual fair gaming, consumer protection and money laundering provisions, and permits individual states to opt out should they wish to do so.
 
Importantly, it also includes a "bad actor" provision, calling for the exclusion during the first five years of regulation and licensing of any person or company that “...has been convicted of accepting bets or wagers from any other person through an Internet poker facility in felony violation of federal or state law.”
 
This provision extends to those who buy the assets of any such bad actor.
 
Barton proposes that the federal provisions be supervised by an "office of Internet poker oversight" which will be positioned within the US Department of Commerce.
 
Punitive measures enshrined in the bill include million dollar fines for unlicensed operators who accept online poker action from US players.
 
There is also a requirement that the UIGEA be strengthened to halt other forms of internet (casino) gambling - an interesting confrontation with the federal solution introduced to Congress last (June) month by Rep. Peter King, which seeks to legalise all online gambling
 
The full bill can be previewed here: http://www.scribd.com/doc/153205779/HR-2666-The-Poker-Freedom-Act
 
The Safe and Secure Internet Gambling Initiative action group immediately gave the Barton bill qualified support, noting that whilst it appeared to create the potential for a land operator monopoly and illogically banned the use of credit cards, it did provide a uniform set of standards to control online poker.
 
Spokesman Michael Waxman said: "Given federal regulation provides the only way to create uniform standards to control Internet gambling activity and protect every American, Congress should be encouraged to seize, not cede regulation of the industry. Moreover, the Internet, online commerce, and online gambling are by nature interstate activities, demanding the attention of federal, not state, regulators."
 
Waxman attacked the concept of selective and discriminatory online gambling regulation, noting that: "There's no logic behind the argument that it should be permissible for Americans to play poker and bet on horses online, when they can't play bingo online as well."
 
Morgan Stanley predicts that by 2020, online gambling in the U.S. will have the potential to produce the same amount of revenue as Las Vegas and Atlantic City markets combined at $9.3 billion.
 
This summer could also see the introduction of another a third online gambling bill....the much rumoured third attempt by Nevada Sen. Harry Reid to federally legalise online poker on Nevada's terms. His previous efforts failed to gain traction due to a lack of energy, time constraints and political in-fighting.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

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NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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