Tag Archives: online-gambling

Representatives To Hold Hearing On Internet Gambling

On Thursday, the House Financial Services Committee will discuss legislation introduced by Chairman Barney Frank (D-MA) that would regulate online gambling in the United States. The hearing will begin at 10 am EST and will include testimony from leaders in the fields of online security and consumer safety. Experts will describe how current systems and technologies have been successful in blocking minors from gambling online, reducing compulsive gambling and protecting consumers against money laundering, fraud and identity theft. "This hearing will provide further evidence on the ability to effectively regulate Internet gambling and require licensed operators to utilize already-proven technologies to protect consumers," said Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative . Continue reading

Posted in Business, Legal, Pay-Per-Click | Tagged compulsive gambling, federal, gambling, house, legislation, online-gambling, politics, regulatory excess, review and story, secure-internet, treasury | Leave a comment

Legalized Online Gambling Would Bring In Billions

A Joint Committee on Taxation report released today by Rep. Jim McDermott (D-WA) found that regulating Internet gambling would generate roughly $42 billion over 10 years. The report is based on the requirement of a federal license for operators that would allow them to offer online gambling throughout the United States, while keeping the federal prohibition on any form of sports betting. "This analysis further reinforces the fact that a regulated environment will generate billions in new revenue to offset the costs of health care reform or other vital government programs," said Michael Waxman, spokesperson for the Safe and Secure Internet Gambling Initiative . "With the completed analysis, and support for Internet gambling regulation growing daily, it's only a matter of time before Congress acts and begins allocating the billions in new revenue sitting on the table to one program or another." Representative Barney Frank (D-MA) has introduced legislation that would legalize Internet gambling and McDermott has a companion bill that would collect tax revenues on online gambling. "We believe this tax revenue analysis will encourage immediate discussions and consideration of pending legislation to regulate Internet gambling," said Waxman. Continue reading

Posted in Business, Legal, Pay-Per-Click | Tagged completed, congress, gambling, internet, joint-committee, michael-waxman, online-gambling, online-poker, players-expose, reinforces, requirement, review and story, secure-internet, united-states | Leave a comment

Kentucky Supreme Court Hears Online Gambling Case

The Kentucky Supreme Court heard arguments on Thursday on whether the Common Wealth of Kentucky has the power to seize 141 domains belonging to online gambling sites. Previously a Franklin Circuit Court Judge ruled for the state saying it was allowed to seize the domain names, but the Court of Appeals overturned that decision. The case was then appealed to the Supreme Court. Jon L. Fleischaker, attorney for the Interactive Media Entertainment &Gaming Association ( iMEGA ) called the efforts by Kentucky Governor Steve Beshear to block the state residents' use of Internet gambling websites "intellectually dishonest." "They made up a process that is totally lacking in due process," Fleischaker said during arguments before the Supreme Court. Fleischaker, along with attorneys representing Sportsbook.com and the Interactive Gaming Council, asked the Supreme Court to uphold an earlier decision by the Kentucky Court of Appeals, blocking the seizure of 141 domain names belonging to online gambling sites. In a 2-to-1 decision, the Appeals Court in January rejected the governor's claim that Kentucky players and the Internet gambling sites had violated state law. The decision also held that a lower court had erred when it applied the state's "gambling devices" statute to justify the seizure of the Internet domain names. "[I]t stretches credulity to conclude that a series of numbers, or Internet address, can be said to constitute a "machine or any mechanical or other devicedesigned and manufactured primarily for use in connection with gambling," Judge Michelle M. Keller wrote in her majority opinion. A decision is not expected before the end of the year. Continue reading

Posted in Business, Pay-Per-Click | Tagged council, devicedesigned, governor, interactive, kentucky, online-gambling, review and story, seizure, state | Leave a comment