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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.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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