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WYNN SPEAKS OUT ON U.S. ONLINE GAMBLING LAW

Written On  4/30/11 By Recentpoker.com staff writer Jennifer Jearu :

Famous gambling entrepreneur describes the UIGEA as "mysterious and unfathomable"
 
When Steve Wynn, the famous Las Vegas gambling entrepreneur and founder of Wynn Resorts, had to distance himself from a lucrative partnership with top online poker provider PokerStars in the wake of Black Friday it must have rankled.  Last week Wynn had some harsh words to say about the UIGEA in addressing a gathering of investors, according to Associated Press.
 
Wynn explained that the Unlawful Internet Gambling Enforcement Act of 2006 was a federal law that did not attack online poker players directly, but disrupted their financial transactions with 'illegal' online poker providers.
 
The problem was that it was not clear what constituted an illegal gambling transaction, he said.
 
"The [government] policy up to now, which is no surprise to anybody, has been murky and arcane," said Wynn.
 
"Arcane is a good word that means mysterious and unfathomable," Wynn continued.
 
"Most everything in Washington is mysterious and unfathomable. We're trying to figure out what the hell the public policy is and then we can have a corporate policy."
 
The AP report notes that the Department of Justice has yet to pursue legal actions against anyone for playing poker based on the 2006 law.
 
The news agency also quoted Caesars Entertainment chief exec Gary Loveman, who commented:
 
"What they're [the DoJ] indicting was the illegal activity of foreign operators in the United States. The solution to that problem is not simply to send our law enforcement people out chasing foreign operators.
 
"The solution is to take a very simple pastime that's been around this country for hundreds of years, and allow licensed, regulated providers to provide it."
 
Senate Majority Leader Harry Reid, a former Nevada state gambling regulator who supported the 2006 law, shares that sentiment, and told AP that it's important that online poker is legalised in the next two years.
 
"I hope we can get something done," Reid told the AP. "It's something that has to be regulated."



Gambling News :

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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