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New Move To Legalise USA Gambling

2/24/10 - Senators Ron Wyden, a Democrat from Oregon, and Judd Gregg, a Republican representing New Hampshire, have launched S.3018, the Bipartisan Tax Fairness and Simplification Act of 2010, which includes provisions to legalise and  regulate Internet gambling in the United States.
 
The bill proposes wideranging changes to tax structures, but Section C also addresses the legalisation of online gambling.
 
The introduction of the proposal received the immediate support of the pro-online gambling pressure group Safe and Secure Internet Gambling Initiative, who's spokesman Michael Waxman observed: 
 
"With so much media focus on the differences between Democrats and Republicans in Congress, this bipartisan initiative highlights the growing support on both ends of Capitol Hill for replacing the failed prohibition on Internet gambling with a system to regulate the industry, protect consumers and generate billions in new revenue."
 
The Poker Players Alliance, which represents over a million US poker players, was also quick to give qualified support. John Pappas, Executive Director of the Alliance, said that while he and his colleagues were still digesting the tax implications of S 3018, it was encouraging to see internet gambling addressed.
 
“We're pleased with it," Pappas said. "The prospects of this legislation are unclear. This is a sign of things to come, perhaps seeing internet gambling being added as pay-for in other bills.”
 
Provisions in the Bipartisan Tax Fairness and Simplification Act of 2010 to regulate Internet gambling are similar to those included in the Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267), introduced last year by House Financial Services Committee Chairman Barney Frank (see previous InfoPowa reports).
 
Similarly, Chairman Frank's bill has attracted a bipartisan group of 65 co-sponsors, including Representatives John Conyers, chairman of the Committee of the Judiciary Pete King, ranking member of the Homeland Security Committee George Miller, chairman of the Committee on Education and Labour.
 
Senator Wyden previously introduced an amendment in the Senate Finance Committee to use Internet gambling revenue to offset the costs of health care reform. That amendment was not brought to a vote, given the decision by the Committee to limit revenue provisions to matters closely related to heath care.
 
A Joint Committee on Taxation analysis found that regulating Internet gambling, as proposed in companion pieces of pending legislation introduced by Chairman Frank and Representative Jim McDermott, would generate nearly $42 billion over 10 years for the U.S Treasury. The analysis is based on the provision of a federal license for operators that would allow them to offer online gambling throughout the U.S., while maintaining existing federal prohibitions on any form of sports betting.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

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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