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LEGALISED U.S. INTERNET GAMBLING BACK ON THE AGENDA

After weeks of negative reports that US online gambling is being dismantled by the outgoing Bush administration, a spark of hope was ignited over the weekend by the chief of the powerful American Gaming Association, Frank Fahrenkopf, who says that the new Congress may have more appetite for a legalised industry....and the taxes it can deliver.
 
According to a report in the Reno Gazette-Journal, Fahrenkopf opines that the legalisation of Internet gambling will be the hottest federal issue facing Nevada's gaming industry in the next few years. Speaking on the run-up to the Global Gaming Expo in Las Vegas, the influential executive said that the need for new tax money could drive legalisation initiatives in both houses of Congress next year.
 
"There have been projections circulated on the Hill that it can raise billions of dollars in new federal revenue," said Fahrenkopf. "So we can expect that the whole issue of Internet gambling will be front and center in the next Congress."
 
Federal lawmakers see that potential tax revenue from Internet gaming could fuel their legislative agenda, Fahrenkopf added. "Congress has adopted a pay-as-you-go system," he said. "So any Congressman or Senator who introduces a piece of legislation that is going to cost something will also have to show how they are going to pay for it, either by cutting spending in one place or raising taxes in another. So we know under those circumstances, they will be looking around at a place to get additional revenue."
 
But Fahrenkopf cautioned that any push to legalise and tax Internet gaming will first have to redress anti-Internet gaming work done by the Bush administration over the past few years. He noted the "midnight drop" submission of the regulations for the Unlawful Internet Gambling Enforcement Act 2006 in the waning weeks of the Bush presidency, and the efforts of the Democrat chairman of the House Financial Services Committee, Barney Frank, to counter the Act and the regulations.
 
Nevada gaming companies have mixed opinions on the issue, Fahrenkopf said. "If it were legalized, I know that Harrah's, which now owns the World Series of Poker, would be extremely interested in getting into that market. We know that MGM has been bullish on Internet gaming for a long time. Steve (Wynn)... I don't know what he would do and I don't know what some of the other operators would do."



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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