The House Financial Services Committee recently approved the Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 which would essentially let Internet Gambling operators take online bets in the U.S.
If the bill makes it through the full house and senate, it would overturn the 2006 Unlawful Internet Gambling Enforcement Act which bans U.S. banks from processing transactions from Internet gaming sites.
So what would that mean for Las Vegas casinos? And how would regulation of online gambling work?
We talk to professional poker player Greg Raymer and anti online-gambling activist Greg Hogan about what this bill might mean for gamblers, Las Vegas casinos and gambling addicts.
1 - That doesn't apply to the internet, that was based on getting rid of the mobsters in control of the casinos back in the 50's. One of the requirements to make that bill applicable is that the operation must be "in violation of state or local law where it is conducted." Therefore, since the states haven't banned it, it's not banned.
2 - They think, they don't know. I know the irony of this next statement, but you don't risk xx billion dollars just because you think you're right. At least, not when that mistake could cost you your freedom and assets.
Right now the thing that people think might apply to online gambling is the federal wire act. The supreme court hasn't ruled on it's relation to poker, thus currently it is legal. Plus, the wire act is a banking bill, not a ban on internet poker.Wali –Aug 10, 2010 10:45:58 AM
1. How does Mr. Raymer support his view that there is no federal law prohibiting offering online poker in light of the long standing federal illegal gambling business act (18 USC 1955)?
2. If the online poker sites truly believe the sites are not illegal, then why don't they operate from the U.S.?Greg –Aug 10, 2010 09:32:19 AM
1st The Government should not tell the public how to spend their money, and on-line gaming does not hurt local gaming, I play a few $2-$5 games on-line a week, and when I do go to the casino to play poker I will take $200.Kevin –Aug 10, 2010 09:31:35 AM