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Old 07-28-2010, 05:48 PM   #301
GloupnaktouK
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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gg international poker
Is that an absolute certainty at this point?
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Old 07-28-2010, 05:49 PM   #302
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

Cliffs on what happens and what this means without hyperbole or hysteria?
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Old 07-28-2010, 05:59 PM   #303
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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gg international poker
I don't see how US market regulation would have any effect on poker companies accepting funds from other sovereign nations provided poker is not expressly illegal there.
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Old 07-28-2010, 06:03 PM   #304
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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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.
This. While a few high profile leaders (on both sides) opposed HR 2267 for their own personal reasons, many of them probably just went along with their party leadership in absence of an opinion either way on this. Once they know that voters in their district support this, though, they will be far more likely to support it.

If you know or suspect your rep is susceptible to being persuaded in favor of this bill, call or write them. A small campaign contribution also doesn't hurt. We still need this to get passed by the full House.
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Old 07-28-2010, 06:06 PM   #305
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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gg international poker
Disagree.
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Old 07-28-2010, 06:07 PM   #306
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Originally Posted by numberline View Post
This. While a few high profile leaders (on both sides) opposed HR 2267 for their own personal reasons, many of them probably just went along with their party leadership in absence of an opinion either way on this. Once they know that voters in their district support this, though, they will be far more likely to support it.

If you know or suspect your rep is susceptible to being persuaded in favor of this bill, call or write them. A small campaign contribution also doesn't hurt. We still need this to get passed by the full House.
Where do I find out if my representative is for/against the bill? Don't want to bug him if he's for it, but will do my part if otherwise. Also, can anyone explain in simple terms briefly what the status of everything is now, and what it looks to be? Thanks
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Old 07-28-2010, 06:08 PM   #307
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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I dunno what you're arguing here.

I guess the shell game thing would be slightly annoying, and I understand a general hatred for Harrah's et al for doing various things that suck.But this entire thing isn't meant to be a situation where you get exactly what you want. It's meant as an alternative to the current situation that's better for everybody.

The two big things that this bill does are:

1) Explicitly making internet gambling legal. This means no more sketchy payment processors and sketchy offshore companies. No more being slightly worried that one day you'll get taken to court for playing poker online. And much larger player pools thanks to lots of people who currently think it's illegal learning that it's not.

2) Regulating This Stuff. So, yes, Stars and FTP may play some sort of shell game to get into the market, but then they'll be licensed and regulated by the US government which will mean lots more transparency than we've had up until now. It also means that we'll have recourse when we feel we've been wronged by the sites or other players or payment processors. THIS IS HUGE.
+1.

I feel like alot of people lose sight of how many people are playing poker that AREN'T online. Plus, you open the door to soooo many people that may want to deposit $50 here or $50 there because they like playing the quarters games that they play at home.
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Old 07-28-2010, 06:09 PM   #308
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Originally Posted by EZGame2 View Post
Where do I find out if my representative is for/against the bill? Don't want to bug him if he's for it, but will do my part if otherwise. Also, can anyone explain in simple terms briefly what the status of everything is now, and what it looks to be? Thanks
It's earlier in the thread.

Just read the thread, the gist of everything is in there.
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Old 07-28-2010, 06:26 PM   #309
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Originally Posted by dfbuzzbeater View Post
It's earlier in the thread.

Just read the thread, the gist of everything is in there.
Are you sure it's in the thread? The committee members' votes were shown in a post by Kevmath, but I don't remember seeing anything that says where your representative stands on this issue if he/she isn't on this committee.
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Old 07-28-2010, 06:34 PM   #310
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

1)now that the bill is passed, should we be worried about our funds in FTP and STARS accounts?
2) from reading this thread, it seems like this bill is + EV for our online poker win rate?
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Old 07-28-2010, 06:36 PM   #311
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Re: House Financial Services Committee Markup on HR 2267 (markup on HR 2267 now!)

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Originally Posted by TheEngineer View Post
The sites contend that they have violated no U.S. laws, so they believe they do not fall into that exclusion.
Now that I read the amendment. I think they did violate some State laws.

excerpt:

"not committed an intentional felony violation of Federal or State internet gambling laws; and
has used due diligence to prevent any U.S. person from placing a bet on an internet site in violation of Federal or State gambling laws"


Online poker is a class C felony in the state of Washington
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Old 07-28-2010, 06:38 PM   #312
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

The PPA website has all this information, including a list of all members of Congress and a rating asto where they stand on our issue (if known).

I would post the actual links but I am posting this from my phone.

Skallagrim
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Old 07-28-2010, 06:43 PM   #313
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Originally Posted by Skallagrim View Post
The PPA website has all this information, including a list of all members of Congress and a rating asto where they stand on our issue (if known).

I would post the actual links but I am posting this from my phone.

Skallagrim
Got it. Here it is. Thanks.
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Old 07-28-2010, 07:04 PM   #314
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Originally Posted by wifebeater123 View Post
1)now that the bill is passed, should we be worried about our funds in FTP and STARS accounts?
2) from reading this thread, it seems like this bill is + EV for our online poker win rate?
The bill has only passed through commitee it has not passed into law. It still has to go to the full HR and then to the Senate and then to Obama for signature. A long way to go and many changes still to come as both houses can still add amendments and change current wording.
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Old 07-28-2010, 07:07 PM   #315
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Re: House Financial Services Committee Markup on HR 2267 (markup on HR 2267 now!)

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Originally Posted by xmykro View Post
Now that I read the amendment. I think they did violate some State laws.

excerpt:

"not committed an intentional felony violation of Federal or State internet gambling laws; and
has used due diligence to prevent any U.S. person from placing a bet on an internet site in violation of Federal or State gambling laws"


Online poker is a class C felony in the state of Washington
It is my understanding that any poker site that accepted funds from a U.S. based bank while the UEGIA (SP??) was in affect has committed a crime. At least that is what I thought I hear on the resent 2+2 Pokercast.
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Old 07-28-2010, 07:10 PM   #316
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Quote:
Originally Posted by anakedcowboy View Post
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.
Awesome. I live in texas and thanks for your effort!
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Old 07-28-2010, 07:12 PM   #317
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

Article on front page of nytimes.com
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Old 07-28-2010, 07:22 PM   #318
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

This upcoming midterm election should be big in terms of making sure this bill goes through Congress smoothly.
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Old 07-28-2010, 07:25 PM   #319
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

So that article does say "and prohibit companies that violated the 2006 ban from obtaining licenses."

Pretty crazy.. should make for an interesting sub plot.
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Old 07-28-2010, 07:55 PM   #320
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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Any mention of possible taxing?
I think I read a few pages back, that states that chose to opt out will have to pay a 50% deposit fee.
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Old 07-28-2010, 08:02 PM   #321
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

That's referring to S 1597:

Quote:
‘(c) Unauthorized Gaming-

‘(1) PENALTY- Each person who is not a licensee and who operates an Internet game-of-skill facility for which a license is required under section 5390(a)(1) of title 31, United States Code, except as provided in section 108(a) shall be required to pay not later than the end of each calendar month a fee equal to the amount of the Federal Internet gaming license fee that would be applicable to such person for such month if such person were a licensee, determined by substituting ‘50 percent’ for ‘5 percent’ in subsection (b)(1).
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Old 07-28-2010, 08:04 PM   #322
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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(passes 41-22)
yay.
But I'll probly bjtch about the particulars after it becomes law.
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Old 07-28-2010, 08:28 PM   #323
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

I'm kind of confused by this bill ? Does this mean Online poker sites are going to be openly advertised and we're gna get a big flow of new players ? Will this also be without a ridicilous tax like the french government ? Around when will this take effect ? Thanks
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Old 07-28-2010, 08:46 PM   #324
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

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I'm kind of confused by this bill ? Does this mean Online poker sites are going to be openly advertised and we're gna get a big flow of new players ? Will this also be without a ridicilous tax like the french government ? Around when will this take effect ? Thanks
No one knows. The bill has to be passed into law, and this could take a while (read: some people don't want it to happen and will try to delay it)

But yes, it's likely that with huge companies (Harrah's, MGM) joining the game, and FTP/Stars ready to unleash the gazillions of dollars they've amassed from raking us to death in legal/official poker advertising, we'll see a huge boom again, perhaps even greater than the first one.

too early to tell, of course, but:

-People turn 18 or 21 every day, so fresh players will come in continuously.

-The economy is terrible and paradoxically, people gamble even more (while drinking more, which is even better for us) and a lot of people will turn to hopes of pro gambling for a living since they can't find jobs.

So I personally have great hopes for a second explosion of pretty decent proportions.

We'll see, I guess. It's too early to really start speculating.
This is a best case scenario if the US doesn't go for a super protectionist/isolationist/anti-competition scenario, how many and which states opt out of the legislation, etc..etc....
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Old 07-28-2010, 08:54 PM   #325
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Re: House Financial Services Committee Markup on HR 2267 (passes 41-22)

I didn't find answers to these questions:

1) if a state opts out, how would they enforce the 50% tax on unlicensed sites?

2) once this bill becomes law, how does the state/Feds stop unlicensed sites from carrying on as they do now? How will they stop me from playing on any online poker site I want that's available to me now?
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