A House of Cards – Ready to Fall? What Role Will Obama Play?

   

Internet Gambling News

From GX gamblingexclusive.com

The Unlawful Internet Gambling Enforcement Act: U.S. legislation that could end poker as we know itThe legality of Internet poker has always been a contentious issue mired in a mix of federal statutes and state laws.

During 2010, we will see the full extent of the controversial Unlawful Internet Gambling Enforcement Act (UIGEA). Despite being submitted and successfully passed by the House of Representatives and Senate in 2006, the UIGEA has as of yet had a muted effect on the world of poker.

The UIGEA does not make it illegal to play Internet poker, nor does it make any kind of online gambling illegal. What it does make illegal is for any business to accept financial transfers from the U.S. for the purpose of ‘unlawful Internet gambling’.

If implemented, financial institutions will be fined for non-compliance and therefore poker sites will find it harder to process transactions. Consequently poker sites might find it too risky or costly to continue offering their services to American players.

Abuse of the system

Three years ago Senator Bill Frist (R-Tenn.), Sen. Jon Kyl (R-Ariz.), Rep. Robert Goodlatte (R-Va.) and a cast of conservative Republicans tacked on the Unlawful Internet Gambling Enforcement Act into the Safe Port Act during the

 

 

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What’s Happening?

BetonSports figures get Jail Time

In one of the most infamous online gaming cases in history, David Carruthers, the former CEO of BetOnSports, was sentenced to 33 months in prison for his role in running an illegal gambling operation. He pleaded guilty to racketeering charges stemming from his operation of the popular online sports book.

According to the original article that appeared in Business Week, Carruthers was not the only high-ranking member convicted in the BetOnSports case. Founder Gary Kaplan pleaded guilty to RICO violations and received 48 months in prison to go along with a $43 million fine. Additionally, Neil Scott Kaplan, Lori Kaplan-Multz, and Penelope Tucker all pleaded guilty and had money in Swiss accounts confiscated.

BetOnSports allegedly made over $1 billion in 2004 alone, and the company is currently traded on the London Stock Exchange.

final session of Congress in 2006

  It was a devastating moment in online poker history caused by abuse of the political system.

Poker Players Alliance

  is a rapidly growing group of 650,000 player members who are fighting and lobbying Congress in order to get UIEGA repelled.

free poker

throughout the country. Their mission, with the support from advocates such as Congressman Barney Frank, is to establish favorable laws that provide poker players with a secure, safe and regulated place to play.

 

 

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