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Poker Players Alliance new UIGEA initiative

5/11/10 - With the prospect of the Unlawful Internet Gambling Enforcement Act regulations coming into force on June 1st, the Poker Players Alliance has petitioned the U.S. Treasury Department and Federal Reserve Board to clarify that the Act’s definition of illegal gambling does not include peer-to-peer games such as poker.
 
The petition is addressed to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke, and it requests a sub-paragraph amending the regulations to state that the term "bet or wager" does not include a bet or wager on "certain peer-to-peer games where the outcome is determined predominantly by the skill of the players, such as poker, chess, bridge, mah-jong, and backgammon."
 
The petition also asks for clarification that pari-mutuel animal racing that is lawful under the Interstate Horseracing Act is not affected by the UIGEA.
 
The PPA has managed to get twenty-two members of Congress to support the petition, which is currently with the addressees.
 
John Pappas, executive director of the PPA said: "The PPA is grateful for the support of the 22 members of Congress who wrote Secretary Geithner and Chairman Bernanke in support of our petition to exempt peer-to-peer gaming from the UIGEA regulations,
 
"We are still strongly supporting legislative efforts to license and regulate online poker and provide the consumer protections that the UIGEA will not, and are hopeful of the passage of bills like [Congressman Barney Frank’s] HR 2267, but believe our petition is the best bet to address the short-term issues facing online poker."
 
Pappas said that the objective of the petition was clarity on the ambiguous phrase “unlawful internet gambling” in the regulations, which places the onus of interpreting the definition on the financial institutions that are supposed to enforce the Act by halting financial transactions with online gambling companies.  There are fears that the imprecise definition will lead to major enforcement problems and the risk of over-blocking by banks.
 
The legality of Internet poker in the U.S. is uncertain as there is no federal law and very few state laws specifically outlawing the playing of Internet poker.
 
The Congressional letter is signed by Steve Cohen (D-Tenn.), Dan Maffei (D-N.Y.), Linda Sanchez (D-Calif.), Paul Hodes (D-N.H.), Tom Perriello (D-Va.), Jim Moran (D-Va.), Ciro Rodriguez (D-Tex.), Jerrold Nadler (D-N.Y.), Steve Israel (D-N.Y.), Phil Hare (D-Ill.), John Larson (D-Conn.), John Yarmuth (D-Ky.), Joe Courtney (D-Conn.), Shelley Berkley (D-Nev.), Jim Himes (D-Conn.), Bill Delahunt (D-Mass.), Ron Klein (D-Fla.), John Conyers (D-Mich.), Dina Titus (D-Nev.), Peter Welch (D-Vt.), Ed Perlmutter (D-Colo.) and Bobby Scott (D-Va.).

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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