11 Oct 06
Pro Players Speak Out
cardplayer.com - While the online poker world continues to hold its breath after the recent industry shakeup, many of today’s top professional poker players expressed their opinion on the passage of the Unlawful Internet Gambling Enforcement Act.
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11 Oct 06
Cunningham Joins Team Full Tilt
cardplayer.com - Some say 13 is a lucky number and for Allen Cunningham, 13 will forever be a part of his legend as he becomes the 13th player to join Team Full Tilt. The four-time World Series of Poker bracelet winner is now a part of what many consider to be the world’s elite stable of poker players.
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11 Oct 06
Interesting NY Times Story
pokernews.com - In the New York Times on Monday, two prominent financial analysts pointed out the severity of the current Internet gaming legislation in an op-ed article for one of the most respected daily newspapers in the country.
Robert Hahn, the executive director of the American Enterprise Institute-Brookings Joint Center, and Paul Tetlock, an assistant professor of finance at the University of Texas, point out in their Times article that the new legislation will have an across-the-board effect on much more than just the gaming industry.
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10 Oct 06
Online poker is nowhere near finished
gambling911.com - Despite the doom and gloom we've been reading about the past week, online poker is nowhere near finished and one internet poker room has made this abundantly clear.
BetHoldEm.com, which operates under the BetWWTS.com (and BetCorp) umbrella, is going nowhere.
"We're not folding up shop and we're not changing how we do business," a company spokesperson reassured.
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10 Oct 06
Is The WTO Poker's Answer?
pokernews.com - The Guardian in the U.K. is reporting that top online poker executives have spoken with Antiguan authorities about the possibility of teaming up to mount a legal challenge against the recently passed Unlawful Internet Gambling Act.
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09 Oct 06
Bill would not prohibit poker says Congresswoman
gambling911.com - "This (internet gambling) legislation has a loophole big enough to drive a truck through that was designed solely to protect betting on horse racing and lotteries over the Internet," says Congresswoman Shelley Berkley (D-NV), who went on the record with Gambling911.com's Kira Wissman to discuss the impact, if any, this bill will have on internet gamblin
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09 Oct 06
Scottish gambling tycoons hit hardest
scotsman.com - WHEN Congress banned online gambling in the USA last week, in one fell swoop they declared economic war on Britain while simultaneously ending the notion of cyberspace as a "government-free" territory.
It is estimated that British-owned online gambling companies who specialise in poker - a game 50 million Americans play regularly either in person or on the worldwide web - lost 75 per cent of their revenue overnight when the Unlawful Internet Gambling Enforcement Act of 2006 was passed.
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06 Oct 06
No place to make friends
uburbanchicagonews.com - Yes, it's true. I would check-raise my own mother if it meant that I could beat her for all of her chips. The same holds true for my brother, my wife, and any professional poker player friends of mine.
Frankly, that's the only way to act at the poker table.
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06 Oct 06
U.S. Poker Championship Down to 27 Players
casinocitytimes.com - Just 27 players tables remain at the United States Poker Championship with a good mix of veterans and newcomers still vying for the $878,500 first-place prize.
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06 Oct 06
Poker and Internet Gambling Bill
eog.com - Ok, so unless you've been living under a rock you already know that Senator Bill Frist, from here on in known as slimy weasel, was able to pass a Port Security Bill this weekend that also makes it more difficult for banks to fund online accounts.
Before I mentioned it in my blog I wanted to make sure that I educated myself a little bit more on the state of online poker and what this bill means to all of us.
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05 Oct 06
A chilling effect on the WSOP could be in store
online-casinos.com - The Las Vegas Sun newspaper says that the loss of Internet qualified players could have a serious impact on the competitive value and popularity of major land tournaments that take place at major land gambling establishments like Harrah's and MGM Mirage.
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05 Oct 06
Bankers React to Online Poker Legislation
pokernews.com - At first, many banks expressed concern over the burden of having to monitor tens of millions of transactions a year, and the impact that might have on the bank from a labor perspective. Many of those fears seem to have abated, and indeed it seems like the banks (or at least the associations that represent them) feel the language in the new law is workable within their current structure.
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04 Oct 06
The Down Side To A Bad Bill
The major gaming sites -- that is, the legitimate companies regulated by British law and traded on the London Stock Exchange -- announced over the weekend that they'll cease offering service to U.S. customers the moment President Bush signs the bill. What does that mean? Well, it means the shady, fly-by-night sites that aren't regulated or publicly traded will now thrive with U.S. customers. These gray and black-market sites are more prone to fraud, more likely to be involved in organized crime, and don't include the child-protection measures the major sites have implemented.
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04 Oct 06
PPA offers hope, plan of attack
The Poker Players Alliance (PPA) has issued a letter to its supporters urging them to continue the fight for online poker and offering guidelines on how to go about campaigning for the rights of online poker players in the United States.
Calling the passage of H.R. 4411 in U.S. Congress Sept. 30 a "bad beat," the PPA slammed the legislation's process through the Houses of Congress as a back room deal and accused Senate Majority Leader Bill Frist (R.-Tenn.) of political strong-arming and discouraging public debate on the bill.
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03 Oct 06
Poker Giant Gets Huge Buyout Bid
One interesting ripple-through effect of the recent legislation is that the stocks of the major casino corporations in the US have gone through the roof at the same time that the online casino listings have dropped half or more of their value. Are the money people seeing something that the rest of us are missing? Maybe so. Harrah's just received a $15 million bid from "private equity firms".
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03 Oct 06
Poker, Sports sites respond to Bill
eog.com - It is important to note that, once signed, the new legislation will not criminalize individuals for playing poker online. The bill will try to prevent the transfer of funds to online gaming.
Many online poker rooms and some sports books have responded to the bill.
1. Party Poker said on their website, “... if the President signs the Act ... the Company will suspend all real money gaming business with U. S. residents."
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03 Oct 06
PPA: Brief Analysis of new Prohibition Act
First the bill does not make poker playing illegal on the Internet at a Federal Level, although it will make it much more difficult to enjoy “your game” on-line ... it is likely that they [The DOJ] will take a broad brush approach to enforcement and use these tools defined by this prohibition act to restrict your ability to access poker sites and fund your accounts as you have done in previously.
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02 Oct 06
What The New Anti-Gaming Bill Is Not
After 10 years, Congress finally passed something relating to online gaming. The bill basically makes it more difficult for players to put their money into an offshore site. ... However, the government cannot stop its citizens from sending money out of the country for legitimate purposes. ... Our Constitution protects one's personal right to send money from a U.S. bank or financial institution to a business outside of the United States.
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02 Oct 06
Gaming Stocks Drop
As would be expected, gaming stocks have been hit hard by the news of the US legislation, and the subsequent fallout from the bill being attached to the Port Security Bill.
(from winneronline.com)
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02 Oct 06
No US Wagers Wanted
After evaluating Friday's US legislation, several large publicly traded companies in the gaming sector, including Wagerlogic licensees, Party Gaming and 888.com have made the decision to stop accepting wagers from US citizens.
(from winneronline.com)
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