Harry Reid Pushes to make Online Wagering Legal

O

onemorechance

live free or die
Silver Level
Joined
Jul 19, 2010
Total posts
2,925
Chips
0
There's a couple of guys who are very, very reliable

From one of those very reliable guys

Okay so. I just spoke for a while to one of the guys who has been feeding me stuff for a while. Gonna try and get what he told me in readable terms.

Him: Put it this way, I really want this to pass.
Me: Things are that bad?
Him: The payment processors we're dealing with are getting shadier every time.
Him: I don't think anyone in NVG/Legislation understands what'll happen when somebody like Cereus tells their players "Sorry, this is the tenth time we've lost a processor and we don't really feel like covering your withdrawals anymore, you're on your own".
Him: In addition I don't think anyone realized what'll happen if one of the major site owners get indicted, which I think is a real possibility in the next 6-18 months if the bill doesn't pass.
Me: Are we talking about Ivey, Lederer, Bloch, etc?
Him: Possibly, anyone with more than 5% ownership is at more risk. The owner of FTP has a sportsbook conviction too.
Me: What do you think will happen when that happens?
Him: Run on the bank, at the very least.
Him: Really, when people say the status quo is so great, I don't think they get what happens when one of the big sites is indicted and loses half of it's players overnight, and the others simply walk away. Or when a site stops payment on a check and doesn't honor it. So yes, we need this to pass.
Me: I worry about that too. I worry some site will get 1mm+ confiscated again and just say screw it, we don't honor those checks.
Him: I agree, and I don't give it that much time. So there ya go.
Him: Every US site is facing this situation together. Just a matter of who has the most money in the next big ewallet or processor account that gets seized.
 
brank

brank

Back in!
Silver Level
Joined
Dec 15, 2009
Total posts
1,354
Chips
0
I dont know how much Id trust that Senator Kyl guy, he seems worse then your average politician. It does look like the chances are slim that it gets added to the bill though.

That whole back and forth with KBTH and the insider is very alarming as well, didnt know it was that bad.
 
Charade You Are

Charade You Are

you can call me Frost
Silver Level
Joined
May 9, 2008
Total posts
2,446
Chips
0
This may be totally off the wall, but:

U.S poker players are having a difficult time w/d because of the UIEGA and the U.S. Government wants a piece of the pie (the hell with the casinos).

Seems like the best solution would be for the Govt to BE the payment processor and take a fee in lieu of taxes on w/d. That would eliminate everyones problems and no one would have to worry about reporting gambling winnings. Deposits would be free.

Oh wait, that would never work....the casinos wouldn't get their cut! And the hypocritical Republicans who claim they want the Government out of our lives wouldn't be able to "protect the children" from the "evils" of online poker or the gamblers from themselves.
 
CheeseConey

CheeseConey

Rock Star
Silver Level
Joined
Jul 25, 2008
Total posts
304
Chips
0
I live in Ohio. We just got approved for Casinos in the big cities in my state. While I'm happy about the new land-based casinos being built, I'm now worried that if this new bill passes, my state may view Internet Poker as competition and try to ban it.
 
kmixer

kmixer

Legend
Silver Level
Joined
Jul 11, 2008
Total posts
2,936
Chips
0
One thing about this bill is for sure. The government does not care one bit about what the people of this country think. I mean this has always been fairly obvious to me but when it affects you so closely it becomes even more apparent. When will these clowns start caring about the voter and not the lobbyists. This is our country no? Well sadly no it isn't

But all these back room deals and adding to other bills as they have always done proves that it isn't what is best for the people.

Sad :(
 
WVUsellers3

WVUsellers3

Rock Star
Silver Level
Joined
Nov 14, 2009
Total posts
249
Awards
1
Chips
0
One thing about this bill is for sure. The government does not care one bit about what the people of this country think. I mean this has always been fairly obvious to me but when it affects you so closely it becomes even more apparent. When will these clowns start caring about the voter and not the lobbyists. This is our country no? Well sadly no it isn't

But all these back room deals and adding to other bills as they have always done proves that it isn't what is best for the people.

Sad :(

This x1000000000000
 
LuckyChippy

LuckyChippy

Cardschat Elite
Silver Level
Joined
Jan 28, 2009
Total posts
4,987
Chips
0
land of the free yo

I've resisted the urge to say something like this for a while because it's actually all quite sad and really bad for every poker player. I lolled though. Gotta love us Euros reaction to your bent as ****, hypocritical politicians.

Land of the brave yo.
 
the lab man

the lab man

CardsChat Irregular
Silver Level
Joined
Jan 12, 2006
Total posts
3,557
Awards
1
Chips
1
Any chance of Big casinos(Harrahs etc) buying into,taking a share of, or merging with Stars or Tilt to circumvent this?
 
eNTy

eNTy

Legend
Silver Level
Joined
Sep 22, 2007
Total posts
6,936
Chips
0
I've resisted the urge to say something like this for a while because it's actually all quite sad and really bad for every poker player. I lolled though. Gotta love us Euros reaction to your bent as ****, hypocritical politicians.

Land of the brave yo.

its not like ours are any better though
i think we still dont have a government and im pretty sure elections were in may 09
 
WVHillbilly

WVHillbilly

Legend
Silver Level
Joined
Nov 7, 2007
Total posts
22,973
Chips
0
Any chance of Big casinos(Harrahs etc) buying into,taking a share of, or merging with Stars or Tilt to circumvent this?
You mean circumvent the extra 2 years? Sure. But really ask yourself what the big casinos need Stars/Tilt for if they already have lost all their US customers? All they would be to a big casino is decent software and if they work at it I bet they can do that justice themselves in 15 months.
 
kmixer

kmixer

Legend
Silver Level
Joined
Jul 11, 2008
Total posts
2,936
Chips
0
I would much prefer seeing FT or PS opening a B&M. But we know the bureaucrats would block that don't we.
 
LarkMarlow

LarkMarlow

Legend
Silver Level
Joined
Jun 26, 2009
Total posts
14,664
Awards
1
Chips
1
I live in Ohio. We just got approved for Casinos in the big cities in my state. While I'm happy about the new land-based casinos being built, I'm now worried that if this new bill passes, my state may view Internet Poker as competition and try to ban it.

Me too, absolutely. We have only to glance across the river to remember that KY has succeeded in banning some poker sites because they're convinced that online poker takes big money away from their horse betting industry. One can only imagine their hysteria if they had bona fide casinos.

What really gets me is that casinos owners don't realize how many people are now playing poker live because of online poker, not despite it. Thus online poker increases rather than decreases their revenue.
 
kmixer

kmixer

Legend
Silver Level
Joined
Jul 11, 2008
Total posts
2,936
Chips
0
FT and PS B&Ms? Now that's just crazy talk...

You wanna explain why? Other than what i already said about government and their lobbyists blocking it?

Can you imagine how cool a FT casino would be with nothing but tables and tables of poker. By the way could be of the electronic nature to cut down on dealers salaries.
 
JLtrooper

JLtrooper

Rock Star
Silver Level
Joined
Jun 19, 2008
Total posts
226
Chips
0
You wanna explain why? Other than what i already said about government and their lobbyists blocking it?

Can you imagine how cool a FT casino would be with nothing but tables and tables of poker. By the way could be of the electronic nature to cut down on dealers salaries.

I'm not sure how an electronic poker casino would work, seems like collusion would run rampant.

But I was mostly being sarcastic about the B&M FT and PS. While they are definitely major players in the online world, I don't know that they have the resources/financing to compete on a physical level with the Harrah's, MGM's and some Native American casinos of the US.
 
Dreams of Tragedy

Dreams of Tragedy

dreamsoftragedy.com
Silver Level
Joined
Dec 30, 2009
Total posts
1,573
Chips
0
i just read the update from the PPA on the bill stats.

December 9th, 2010
By Poker Players Alliance
reid_poker.jpg
I wanted to update you on the status of Congressional efforts to pass legislation which would license and regulate online poker in the U.S. While it remains an open question whether a bill will succeed during the “lame duck” session happening now, I want you to know what we are doing to protect your right to play online poker.

The PPA has been and continues to work night and day on this issue. While many have speculated that the “Tax Bill” would be a likely vehicle for iPoker legislation, because of recent political developments with respect to the tax bill it has become complicated to predict whether that bill is a viable path. I still maintain, as I told the Wall Street Journal (click to read) yesterday when the rumors circulated that the bill was dead, that nothing is dead until Congress adjourns.

Let me assure you that we have heard and strongly considered the concerns a number of our online poker playing members have raised, specifically regarding the 15 month “blackout period” contained in the draft bills that have circulated in recent days. The blackout period means that upon enactment of the proposed internet poker law there would be fifteen months where NO licensed Internet poker would be available to U.S. players. In all likelihood, some of the web sites where you currently play would leave the market so they can go through the process of obtaining a U.S. license and then re-enter the market after the 15 month blackout period.

Frankly, the proposed blackout period is absurd and the PPA opposes it. And we have fought – and continue to fight – tooth and nail against it. But it is a reality. There will likely be a blackout period of some length included in any legislation that is passed, whether it is in this Congress or future Congresses. Our opponents have been throwing their weight around to get a lengthy blackout period included and, unfortunately, I fear they are winning.

reid_poker1.jpg
That being said, upon significant analysis, review and reflection, we believe that the long- term benefits of this bill to the poker community make the blackout period a bitter pill we have to swallow. Our goal is to establish a permanent, safe and regulated U.S. online poker market, similar to the European regulatory markets. While many think the status quo works and is fine, it is not a long term solution and cannot last.

Without Federal licensing and regulation, individual states could – and have started – to license play within their borders only, setting up monopolies that will not provide you with the playing experience you’ve come to expect. Or they will ban online poker altogether, like Washington State has done. That is why the PPA encouraged you earlier this week to contact your Senators and voice support a Federal bill before the end of the year.

We believe that the trade off for getting regulated, permanent US online poker market is worth a temporary blackout of some sort. It’s not what we want, either, and it’s not what we pushed for in Congress, and we don’t even like it. But when viewing this from the perspective of maintaining a sustainable Internet poker market the 15 month period is short-term pain for a long-term gain.

This has been a very tedious process and seems to change from moment to moment. As Congress considers bills throughout the remainder of the lame duck, we will continually update you on our progress.

Thank you, as always, for your support and we welcome your thoughts and feedback.

Proud to Play,
John Pappas
Executive Director
Poker Players Alliance
 
FreeRollWannabe

FreeRollWannabe

Rock Star
Silver Level
Joined
Nov 28, 2010
Total posts
147
Chips
0
Damn you Kmixer

Oh thanks ALOT kmixer!

Right after you tell me there is nothing I could do if my funds "disappeared,"

Well now its past the 15th business day mark and my funds neither went into bank account nor my full tilt account.

I contacted FTP about my missing money, the first response was, well it might take longer.

Now I have had to send them pictures of my bank account and all this information to PROVE to them I haven't received my money.

This means, one the money was sent and just didn't get to me yet. Or they dropped the ball, lost the info, and no longer have a record of my money.

:eek: when they need my help to track what they have going on something is in serious trouble.
 
PokerPete

PokerPete

RIP Logic And Sanity
Loyaler
Joined
Jan 10, 2007
Total posts
17,627
Awards
1
Chips
224
its not like ours are any better though
i think we still dont have a government and im pretty sure elections were in may 09
...well you also don't have anyone in charge of really f****g things up either....
not that it won't happen anyway, just no one directly in charge of doing so :p
 
Dreams of Tragedy

Dreams of Tragedy

dreamsoftragedy.com
Silver Level
Joined
Dec 30, 2009
Total posts
1,573
Chips
0
Pappas sounds like a fish.

He might sound like one, but the guy is fighting for your right to play online, and is keeping us in the loop of things.
 
JLtrooper

JLtrooper

Rock Star
Silver Level
Joined
Jun 19, 2008
Total posts
226
Chips
0
He might sound like one, but the guy is fighting for your right to play online, and is keeping us in the loop of things.

Maybe, but the guy is a politician (I personally don't trust any of them) and nothing more than a hired gun. Check out his bio: http://theppa.org/about/board/john-pappas/

I wouldn't surprised if as soon as this thing passes, some anti-poker alliance offers him some cash and he switches sides. Just saying.
 
Top