use this link, then in the KEYWORD box, top right, type in gambling, will be number 2 (appropriate) on the list.


http://www.djnewsplus.com/al?rnd=yaK...bgsG5QBg%3D%3D

obg

You guys are right about them making it difficult to find information. I found an OMB meting that occurred yesterday but not much there:

http://www.whitehouse.gov/omb/oira/1...tings/813.html

Jimbo

Should I be calling my representatives or anyone else about this?

At least I found the page stating the regs were passed from the Treasury and a contact:

http://www.reginfo.gov/public/do/eAg...?ruleID=286034

Agency Contact:
Steven D. Laughton
Senior Counsel
Department of the Treasury
Departmental Offices
Office of the Assistant General Counsel (Banking and Finance), Room 2027B, 1500 Pennsylvania Avenue, NW.,
Washington, DC 20220
Phone:202 622-8413
Email: steven.laughton@do.treas.gov

Jimbo

Others as well:
http://www.whitehouse.gov/omb/query....ernet+gambling

On 10-29-2008
http://www.whitehouse.gov/omb/oira/1...tings/812.html

Click the materials provided link, they met with ISGA and the subject was the letter sent by King, Paul and 14 other Congressmen on our behalf, hope this is good.

Also discussed were several other congressional letters and a few responses to them.

Link:

http://www.whitehouse.gov/omb/oira/1...etings/812.pdf

obg

The actual text is what we need. That "should" be in the FR online. Otherwise perhaps the PPA can obtain a pdf of same and host it on their website before those dumasses at G911 do.

In attendance:

Dick Armey DLA Piper

i'm a bit surprised that the treasury and the fed actually finalized the damn thing. was thinking they would have stalled until the next administration. the last thing bernanke and paulson wanted imo was to cut off a revenue source for banks in the way of transaction fees, especially in such trying times.

The cost of implementation is the only downside to the bank the transactional income is eaten up by other entities in most cases.

Jimbo

We definitely should be aligning with the banking lobbies, especially the CBA, to make sure these regs are dropped in the financial re-regulation coming early '09. I think that's a winnable fight, I just hope the games don't get too damaged or more sites don't leave in the meantime

From the flurry of meetings my guess is they are close but not quite finished, real close though.

Many are meeting to get opt clarification language to make certain "legal" wagering is not blocked.

I found most interesting the reply letter from the FRB / Treasury concerning Horse / Dog Track Wagering, the DoJ formally, it seems, suggested that those not be allowed (see my link above and read through the materials).

obg

Also big for poker there the IGC:

Kevin O'Scannlain DLA Piper Interactive Gaming Council
Laura Klaus Greenberg Traurig Interactive Gaming Council
Robert Charrow Greenberg Traurig Interactive Gaming Council
J. Daniel Walsh Greenberg Traurig Interactive Gaming Council

http://www.igcouncil.org/

Greenberg Traurig has an entire division dedicated to gaming

http://www.gtlaw.com/Experience/Industries/Gaming


obg

"The proposed regulations appear to stop short of requiring U.S. banks to block cheques their customers make to online casinos, but require banks to halt debit and credit card payments. It also bars US bank customers such as online casinos from receiving Internet gambling proceeds."

So banks will still be able to accept checks from sites?

from the initial post by TE:

So I would guess PPA has the almost completed regs, though like many things they must be kept private as being given the privilage of being provided the copy.

I say this since Pappas nor the others would be going to a meeting to discuss them without actually having a copy to read first.

obg

Yes, blocking checks is completely impractical. The problem is that's terrible for the average player, its like a minimum of two weeks before you can play.

The other problem is that even though the UIGEA says nothing about cashing out of sites its going to make processors and banks more gunshy processing poker transactions. I believe that someone posted a US Bank memo about a month ago that stated policy due to the impending UIGEA was going to be to close the account if gambling transactions were detected. Right now getting payment via check is pretty smooth at Tilt/Stars all things considered.