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House Financial Services Committee Markup on HR 2267 (passes 41-22) House Financial Services Committee Markup on HR 2267 (passes 41-22)

07-28-2010 , 05:09 PM
Quote:
Originally Posted by Kevmath
Wasn't clear since Frank was explaining the amendment, but I assume for research purposes?
Yes, it's for research purposes. Many think it will be a valuable tool for learning about compulsive behaviors.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:09 PM
lets just hope it keeps on winning.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:09 PM
Quote:
Originally Posted by anakedcowboy
If you guys ever think that you can't make a difference, my republican rep Kenny Marchant of Texas had previously written me a letter that he was against it, but would look into it further. After a long response from me and several letters and phone calls from other voters here in his district, he voted for the bill.

You HAVE to get out there and call your reps. If you support them, they will support you. It does make a huge difference.

Amazing. Congrats.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:11 PM
Quote:
Originally Posted by beanie
"Illegally" is the key word here, both Stars and FTP are licensed. They would not have pushed so hard for this if they didn't think they were included (at least this is what I have been told).

Look at France as an example. Stars I believe was the first to open their doors to French players.
+1
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:12 PM
Quote:
Originally Posted by kennabot
Kentucky has a track record for being against online poker, they want us to bet on the ponies.... Ky sucks
We have a reasonable chance, especially if YouBet and TwinSpires wish to enter the market.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:14 PM
Quote:
Originally Posted by MelchyBeau
I fully expect the jackass Senator Kyl putting a hold on the bill and it dies in the senate.
Kyl was just put on strong notice that poker players are keeping the door open for online casino gaming.

We have a poker-only bill in the Senate. It will be interesting to see how it all works out.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:16 PM
goodbye rakeback if passed
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:16 PM
So does this mean BoDog will be done in the US since they allow Sports Betting?
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:17 PM
Quote:
Originally Posted by Alizona
How can this bill be a good thing if the talk seems to be Stars getting shut out of the American market?

I've tried Full Tilt and Cake and Bodog and that SpadeEye (er, SpadeClub?) piece of crap. THEY ALL SUCK. I played on Party Poker when they were still here... meh.

Poker Stars is far and away the best site IMO and if they get closed down here I am done with online. F this bull**** and America's ******ed politicians and laws.
Check my earlier response. FTP and PS will be there seeking licenses.

Also, why assume there will be no U.S. sites? Surely these companies will have sites going in short order.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:19 PM
Quote:
Originally Posted by CortezFantastic
goodbye rakeback if passed
Could you expand on that?
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:19 PM
Quote:
Originally Posted by NoahSD
Can you clarify what it means for players to not be liable for this tax? Do you want a ban in the bill for deposit fees or something?
The deposit penalty tax would be on the unlicensed sites, not on the players.

Quote:
Otherwise sites could just "pay the tax themselves" and charge an equivalent "deposit fee."
It's unlikely that an unlicensed site would pay this penalty.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:19 PM
Quote:
Originally Posted by TheEngineer
The sites contend that they have violated no U.S. laws, so they believe they do not fall into that exclusion.
However, they violated STATE gambling laws (Washington State) as well as UIGEA provisions - so Stars, Tilt, and others are going to have a tough fight on their hands - my guess is they won't be allowed to compete in the US market as their original entity. Harrahs et al I'm sure will use their weight to keep em out.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:21 PM
ONE represnetative voted PRESENT instead of Aye or Ney,

RON PAUL
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:22 PM
Thats because Ron Paul is the man.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:23 PM
Quote:
Originally Posted by CortezFantastic
goodbye rakeback if passed
What makes you think that? There's nothing in the bill banning rakeback.

IMO, it's more likely that we lose poker -- and rakeback along with it -- if we don't get something through Congress.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:24 PM
Quote:
Originally Posted by jackhigh
However, they violated STATE gambling laws (Washington State) as well as UIGEA provisions - so Stars, Tilt, and others are going to have a tough fight on their hands - my guess is they won't be allowed to compete in the US market as their original entity. Harrahs et al I'm sure will use their weight to keep em out.
They will likley claim that states lack authority over interstate commerce. It will be interesting.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:24 PM
what does a PRESENT vote do?
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:25 PM
Quote:
Originally Posted by Phleggm
ONE represnetative voted PRESENT instead of Aye or Ney,

RON PAUL
Quote:
Originally Posted by nuisance
Thats because Ron Paul is the man.
He supports the objectives of the bill. He probably found something in an amendment that he felt was unconstitutional.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:26 PM
He finds a lot of what congress does unconstitutional. But thats a different topic.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:27 PM
I thought there's a 2% deposit tax that's in the other bill that will almost certainly end up tacked on to this one.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:32 PM
I probably would agree that rakeback would be gone as there would be little need for it. That said most sites are going to an "in house" model in the first place which has similar to the same benefits. While this bill if passed would create another mini-boom the sites that will do well won't take that for granted this time (in my opinion). It's pretty obvious that PokerStars got a big jump on everyone and I think you can expect the more savvy operators to emulate their programs (which are pretty close to rakeback).

Remember that there will be a lot more competition, this in theory should be very good for the consumer. What we may lose slightly in rakeback we should gain in casual players. So I don't think the rakeback issue is something that should derail this for anyone on the fence.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:33 PM
Quote:
Originally Posted by Solid up arrow
what does a PRESENT vote do?
It is basically stating you were there for the vote, but chose to abstain on the bill.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:40 PM
Quote:
Originally Posted by TheEngineer
He was referring to my article, at http://biggovernment.com/rmuny/2010/...et-for-the-gop.

LOL at getting paid to do it (I wasn't), as if no one would otherwise complain about his actions in this area.
nice -- reposted to my FB.

favorite quote

Quote:
Too bad Bachus did not read the British Gambling Prevalence Survey of 2007. Had he checked that out, he would have seen on page ten that the UK, a nation with ample licensed online and “bricks and mortar” gaming, has a problem gaming rate of just 0.6%. That rate was unchanged from 1999. Perhaps then he would realize that the focus ought to be on that small group, rather than on taking rights from the 99.4% of Americans who either responsibly enjoy poker or who choose not to participate.
IMO, this is similar to abortion. If the anti-abortion movement was really only about preventing abortions then they would be pushing for better and cheaper contraception because 0 unintended pregnancies means 0 abortions. But the abortion issue is not just about "think of the fetus", it is about the anti-abortion lobby's desire to control other people's sexual behavior. Consequently, many (most?) of the anti-abortion crowd are also in favor of abstinence only education despite overwhelming scientific evidence that astinence only sex-ed fails miserably.

Likewise, Bachus is not all that interested in preventing problem gambling, he is interested in trying to force people to live what he believes is the one true moral lifestyle. In his eyes, non-problem gambling is just as bad and needs to be prevented.

Alternatively, you might claim Bachus is just a mercenary (I don't know -- I doubt it but it is possible) in which case the above applies to the constituency that is pulling the strings.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:46 PM
gg international poker

edit: apparently this law does not say anything about the nationality of the players?

Last edited by █████; 07-28-2010 at 05:59 PM.
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote
07-28-2010 , 05:48 PM
Quote:
Originally Posted by █████
gg international poker
?
House Financial Services Committee Markup on HR 2267 (passes 41-22) Quote

      
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