House Judiciary Comm, Approves limits on Online Gambling

OMG---Look what R-GOODLATTE said today at the hearing on INTERNET GAMBLING.

We don't believe that simply putting the word 'Internet' in front of 'poker' should make the game suspect," said Michael Bolcerek, president of the Poker Players Alliance. "Poker is a skill game. You can influence events. The original cards are random, but you can influence your success or failure throughout the hand" by learning betting patterns of fellow players, bluffing and other techniques, he said.
Bolcerek said he prefers a weekly sit-down poker game with buddies to playing online.
Goodlatte, who said he played poker as a young man but never for money, disagreed. Poker is "absolutely a game of chance," he said.

:lolBIG:

Not sure whether to laugh, cry, or let off some heavy steam.

Perhaps all three.

uppy:

:cryingcry

:beavis1:

They ought to send Doyle Brunson or Phil Ivey etc to testify

Santo said:

They ought to send Doyle Brunson or Phil Ivey etc to testify

Click to expand...

Believe one will see some big named poker players step forward at some point in time.

What happens when poker goes bust? Will anyone care then. There will be some interesting financials coming out in a couple of months.

Sugarbear said:

What happens when poker goes bust? Will anyone care then. There will be some interesting financials coming out in a couple of months.

Click to expand...

What do you mean by "going bust"?

Poker is a game of chance, thats why the same people dont win. Black jack and slots is same way, tennis and boxing you can win 50 in a row, you cant do that in black jack or poker.

The Bill Passed Committee

House panel approves Internet gambling ban <!-- END HEADLINE --><!-- BEGIN STORY BODY -->By Jeremy Pelofsky AP


The U.S. House Judiciary Committee approved legislation on Thursday aimed at banning Internet gambling, an estimated $12 billion industry.
The measure would update and expand existing law to cover all forms of interstate gambling in the United States and would bar a gambling business from accepting payment in the form of credit cards, checks, wire and Internet transfers.
It would also prohibit gambling on an estimated 2,300 Internet gambling sites, many run by offshore companies, and also require banks to block gambling transactions by customers, which the industry has argued would be difficult to identify.
Despite the committee's approval, 25-11, it remains unclear whether the legislation will reach floor votes in the House and Senate this year. Congress has a relatively few work days left in 2006 because of the November congressional elections.
"The legislation is badly needed because ... the amount of money going to these illegal unregulated offshore enterprises has quadrupled" in the past few years, said Rep. Bob Goodlatte (news, bio, voting record), the author of the legislation and a Virginia Republican.
Under U.S. law, interstate gambling over telephone wires is already illegal and other gambling is banned unless regulated by the states.
"In the United States, gambling is essentially illegal unless regulated by the states. This is a measure to work through that to make sure that the states are indeed protected in their right to continue to regulate gambling," Goodlatte said.
Some Democrats objected to the measure. They said it would do little to prevent underage gambling and it unfairly placed a regulatory burden on local banks to comply.
"I believe there are more effective Internet gambling regulatory approaches," said Virginia Democrat Bobby Scott.

http://news.yahoo.com/s/nm/20060525/wr_nm/leisure_gambling_congress_dc_3


Any thoughts??

THESE DIRTY COCK SUCKERS HAVE NOTHING BETTER TO DO THEN WORRY ABOUT WHO GAMBLING ONLINE.i KNEW SOONER OR LATER THIS IS GOING TO HAPPEN.

Despite the committee's approval, 25-11, it remains unclear whether the legislation will reach floor votes in the House and Senate this year. Congress has a relatively few work days left in 2006 because of the November congressional elections

and if I recall last year it passed with HIGHER then 25-11 so its losing steam, then they will ahve to reintroduce it all again next year with new bills

Im not even gonna sweat this anymore. just like Dante said it passed with higher votes last time. They will keep trying but i don't think it will get through the Senate.:toast:

Railbird said:

Poker is a game of chance, thats why the same people dont win. Black jack and slots is same way, tennis and boxing you can win 50 in a row, you cant do that in black jack or poker.

Click to expand...

OK, so golf is a game of chance...

And getting a hit in MLB baseball....

And shooting the basketball from 3....

chance and skill

Railbird said:

Poker is a game of chance, thats why the same people dont win. Black jack and slots is same way, tennis and boxing you can win 50 in a row, you cant do that in black jack or poker.

Click to expand...

The same people do win. Look at phil ivey, doyle brunson, johnny chan, barry greenstein etc.. These people havent made millions playing blackjack because they are lucky. Of course they dont win every night or every tournament, but you don't see tiger woods winning every tournament either and albert pujols makes out 64 percent of the time.

Is WildBill in the house? If not someone go get him. It helps to reassure me as he does have a connection

House Judiciary Committee Approves Limits on Online Gambling

May 25 (Bloomberg) -- The House Judiciary Committee approved legislation to toughen U.S. laws against Internet gambling, clearing the way for consideration by the full House of Representatives.

The committee voted 25-11 to approve the Internet Gambling Prohibition Act sponsored by Representative Bob Goodlatte, a Virginia Republican, and prepared to support a second measure, the Unlawful Internet Gambling Enforcement Act, sponsored by Jim Leach, an Iowa Republican.

``I oppose gambling because I think it causes many, many problems in our society,'' Goodlatte said at today's committee meeting.

The Bush administration Justice Department supports the proposed legislation. Online gambling's legal status in the U.S. is unclear under current law. The Justice Department interprets a 1961 law against using telephone lines to place interstate bets as prohibiting online gambling. Goodlatte said his bill would make that explicit.

Gambling on the Internet is a $12 billion-a-year business that is growing rapidly offshore. Internet-based casinos such as PartyGaming Plc and 888 Holdings Plc, operating in locations such as Gibraltar and Antigua, are raking in billions of dollars from U.S. gamblers.

The Goodlatte measure would force U.S. financial institutions to cooperate with federal law enforcement authorities in shutting down illegal gambling sites based outside the U.S. The measure exempts horse racing, fantasy sports betting and state lotteries in the U.S.

Leach's measure would make it unlawful for credit-card companies to collect payments for transactions with online-gaming sites.

Senate Battle

The House legislation may face an uphill battle in the Senate. Some states, including Nevada, are seeking to legalize, regulate and tax online gambling, the fastest-growing segment of the industry.

Senator Jon Kyl, an Arizona Republican who has proposed a measure seeking to block financial transactions, said he wants to press for approval. ``I am going to wait and see how the House deals with it,'' Kyl said yesterday.

Frank Fahrenkopf, president of the American Gaming Association, said through a spokeswoman that his group, the Washington lobbying arm for Las Vegas-based casinos, is ``neutral'' on the Goodlatte and Leach measures.

The association is asking Congress to fund a federal commission that would study whether online gambling can be regulated and taxed in the U.S. That may eventually let major casino operators such as MGM Mirage and Harrah's Entertainment Inc. to enter the online business.

Legalized gambling has grown dramatically in the U.S. over the past two decades. In 2005, commercial and Indian tribe casinos and horse-betting operations took in more than $52 billion in gross revenue nationwide, according to a Pew Research Center study citing industry estimates. Lotteries in 41 states sold $52 billion in tickets.


http://www.bloomberg.com/apps/news?pid=100...Z4GTew&refer=us

Its just a matter of time until regulations and restrictions are imposed. Could very well be in the next 2-3 years as well.

Just a matter of time before USA legalizes and regulates on-line gambling. Prohibition did not work, neither will the law to stop internet gambling.