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WITNESS LIST FOR WEDNESDAY’S HEARING ON BARNEY’S BILL

Poker pros and politicians to appear before House Financial Services Committee
 
Today’s (Wednesday) House Financial Services Committee hearing on Congressman Barney Frank’s HR2267 bid to legalise online gambling in the US  will feature poker professionals and politicians on its witness list.
 
It has already been announced that the hearing is not intended at this stage to mark-up the bill, but to hear further evidence on the topic, which is described on the Committee’s website as: “At its most basic level, the issue before this committee is personal freedom – the right of individual Americans to do what they want in the privacy of their homes without the intrusion of the government.”
 
The committee has published a list of witnesses that includes respected professional poker player and high profile television personality Annie Duke, who will speak for the Poker Players Alliance, claiming: “To be clear, HR 2267 is not a bill that expands Internet gambling in America. It simply provides the appropriate government safeguards to an industry that currently exists and continues to grow.”
 
Speaking for the Credit Union National Association will be Edward Williams, President and Chief Executive Officer of the Discovery Federal Credit Union, whilst Tom Malkasian, Vice Chairman and Director of Strategic Planning for the Commerce Casino, will speak for his employers. The Commerce Casino is involved with the Morongo Band of Mission Indians in seeking the intrastate legalisation of online poker in California.
 
The Mohegan Tribe’s Lynn Malerba and law enforcement and anti-terrorism consultant Michael Fagan will also be appearing before the 71 member Committee, but noticeable by their absence are representatives for the United States Treasury and for the Federal Reserve. This is likely to evoke criticism, as at the last hearing on the bill in December, Republican opponents of the proposal called for officials from these government departments to be present at a follow-up hearing.
 
HR2267 has so far attracted 69 co-sponsors, but timelines for a vote are shrinking as Congress is scheduled to adjourn for the year on October 8th, with a recess planned between August 9th and September 10th. Politicians will also be distracted by the mid-term elections, which take place in November.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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