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American Gaming Association on Reid Poker Bill

12/12/10  By Lenny S :

American Gaming Association says the Reid bill includes solid oversight and consumer protections.
 
Late Friday, the influential land gambling trade body the American Gaming Association gave an important boost to Nevada Senator Harry Reid's legislative attempt to federally legalise online poker in the United States.
 
In a media statement explaining its move from a 'neutral' stance to one of support, the Association said that the bill includes solid oversight and consumer protections.
 
"Current online gambling laws do not provide these safeguards, leaving players and the system open to fraud, cheating and other illegal acts," Frank Fahrenkopf, the group's chief executive asserted.
 
The Associated Press news agency circulated the statement widely as extensive mainstream media coverage of the Reid bill continued.
 
The AGA represents the interests of America's more than 440 commercial land casinos, which account for more than half the billions in gambling revenues generated in the United States each year.
 
Fahrenkopf commented in the AGA statement: "This is tough law-and-order legislation that puts in place a solid regulatory framework and legal oversight that will prevent illegal activity and protect the estimated 15 million Americans who already are playing poker online.
 
"Ours is a unique industry in that it wants tough regulatory control and strict law enforcement oversight, which ensures the integrity of our business and protects consumers. Current online gambling laws do not provide these safeguards, leaving players and the system open to fraud, cheating and other illegal acts."
 
The AGA support for the Reid bill is a significant development; in the immediate past the association has taken a neutral stance on the legalisation of online gambling, respecting the often divergent views of its members
 
Associated Press reports that the Reid bill's provisions include a two-year period in which only existing casino companies - either commercial casinos already approved by various states or licensees approved by American Indian tribes - will be licensed to operate online. Only US-resident gamblers will be permitted to play for the first three years. It is additionally proposed that applicant sites now offering online gambling would have to shutdown their American operations within 30 days of the bill's passage or risk being barred from ever winning a license.
 
Reid remains staunchly against expanding the legalisation initiative to other aspects of online gambling like casino games; in a statement on Thursday last week (see previous InfoPowa report), he said: "I still have serious concerns about legalizing the broad range of casino-type gambling through the Internet.
 
"The bill I am working on would make other types of Internet gambling clearly illegal, while increasing penalties and strengthening the ability of law enforcement to shut down illegal sites."
 
MGM Resorts International, one of Reid's strongest corporate supporters, stands to benefit from the bill's passage and could generate $100 million to $200 million annually from related earnings if it goes through, gaming analysts estimate, pointing to the group's large player database, and multiple highly recognisable brands.
 
The newly rebranded Harrah's Entertainment - now Caesars Entertainment Corp. - also stands to score; it owns the World Series of Poker, the world's richest and most popular series of live card tournaments which online companies support via satellite tourneys.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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