UIGEA Regs May be Delayed for Six Months: Awaiting Final Confirmation - Page 5 - Poker Legislation

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UIGEA Regs May be Delayed for Six Months: Awaiting Final Confirmation

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11-26-2009 , 03:29 AM

#101

Dies Irae

banned

Join Date: Jul 2009 Posts: 368

Thanks for all your hard work, PPA. Thanks for keeping us informed, TheEngineer.

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11-26-2009 , 03:44 AM

#102

dorado29

veteran

Join Date: Feb 2008 Posts: 2,255

i want to buy some ppa gear, mainly stickers, to show some support / give ppa some monies. clearly a lot of hard work has taken place

should i be prepping for a partypoker deposit anytime soon?

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11-26-2009 , 03:50 AM

#103

NameOnTheCake

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 19,597

Quote:

Originally Posted by TheEngineer

MasterCard said they would not process online horse race wagering transactions after 12/1 if the regs went into effect. With this, it's clear that the time available has to be used to change either the law or the regs.

can you elaborate on what you mean with this?

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11-26-2009 , 04:36 AM

#104

rainedon

centurion

Join Date: Oct 2009 Posts: 190

where are people getting the information that party poker is coming back? I hope this is true but any truth to this?

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11-26-2009 , 04:58 AM

#105

BigAlK

Pooh-Bah

Join Date: Jul 2006 Posts: 3,703

Quote:

Originally Posted by rainedon

where are people getting the information that party poker is coming back? I hope this is true but any truth to this?

Wishful thinking IMO. The delay of the UIGEA today apparrently caused Party's stock to go up (or maybe it was due to some other factor). The possibility of them being able to at some point in the future improved marginally today, but nothing more. The UIGEA is still the law, sort of. There is still a long way to go before things will have changed enough to allow Party to come back.

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11-26-2009 , 07:05 AM

#106

Nofx Fan

banned

Join Date: Jun 2008 Posts: 7,632

WEEEEEEEEEEEEEEEEEE!!!!!!!! Happy thanksgiving fellow Americans! Unbelievable, it IS possible to run good, ONE TIME.

Making donation, sending PERSONAL email and PHONE calls to my reps, and getting my Family and friends involved. Lets not halt this momentum guys, we gotta take this bull by the horns and twiiiiiiissssssttttt.

ty everyone, ty ppa

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11-26-2009 , 07:28 AM

#107

dawade

Carpal \'Tunnel

Join Date: Mar 2005 Posts: 12,999

2 OUTER!

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11-26-2009 , 10:12 AM

#108

wisconsinfan

veteran

Join Date: Aug 2008 Posts: 2,499

Seriously Pokerstars and FTP should throw $ at Theengineer after UIEGA crumbles, this guy is an inspiration because of his relentlessness. He deserves more reward for all his effort, Way to go Engineer.

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11-26-2009 , 11:00 AM

#109

Chomp

Pooh-Bah

Join Date: May 2006 Posts: 3,716

Quote:

Originally Posted by wisconsinfan

Seriously Party and every site other than Pokerstars and FTP should throw $ at Theengineer after UIEGA crumbles, this guy is an inspiration because of his relentlessness. He deserves more reward for all his effort, Way to go Engineer.

Did one of those fixy things for you.

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11-26-2009 , 12:39 PM

#110

Mrage

Pooh-Bah

Join Date: Sep 2006 Posts: 4,921

Upgraded my PPA account to premium and donated to the PAC... thanks for all your hard work, guys. It is fantastic to see such tangible progress!

Quote

11-26-2009 , 02:01 PM

#111

pifhluk

old hand

Join Date: Sep 2006 Posts: 1,499

I guess I should be happy about this but I just can't get excited about a government agency delaying a problem that another part of the government created. I hope everyone is paying attention to how huge of a waste of resources (time, energy, money) the government is.

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11-26-2009 , 02:18 PM

#112

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

Quote:

Originally Posted by wisconsinfan

Thanks!

I'm glad we're all hanging together on this. Once we have final confirmation, I'm looking forward to players from all over rallying for our rights.

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11-26-2009 , 02:24 PM

#113

rainedon

centurion

Join Date: Oct 2009 Posts: 190

Thanks engineer for all your hard work we all really appreciate it! so happy its getting delayed! =]

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11-26-2009 , 03:37 PM

#114

Doom_Switch

centurion

Join Date: Sep 2006 Posts: 153

I sure don't care. I avoid FT and PS like a plague. Let's throw some money at the congressman who support legalization and regulation of US based companies.

Quote

11-26-2009 , 03:45 PM

#115

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

Quote:

Originally Posted by Doom_Switch

I sure don't care. I avoid FT and PS like a plague. Let's throw some money at the congressman who support legalization and regulation of US based companies.

Every bill in Congress on this issue does just that.

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11-26-2009 , 03:55 PM

#116

bobodaclown

enthusiast

Join Date: Sep 2008 Posts: 80

Interestingly Party shares got crushed today - not that this really means anything.
The beauty of this delay - assuming it becomes official - is that it represents the first tangible victory for our side. Hopefully many more to come. Thanks to everyone who has helped.

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11-26-2009 , 04:03 PM

#117

wufwugy

adept

Join Date: Aug 2007 Posts: 1,162

lol at people talking about party

delaying regs will have nothing to do party coming back other than one step in a multi-step process

Quote

11-26-2009 , 04:09 PM

#118

Uglyowl

Carpal \'Tunnel

Join Date: Nov 2002 Posts: 6,384

Quote:

Originally Posted by bobodaclown

The entire worlds stock market got crushed today, so no need for alarm. Yesterday was only a few percent gain, again nothing to get excited about

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11-26-2009 , 08:03 PM

#119

daedalus 9

adept

Join Date: Jan 2008 Posts: 772

Quote:

Originally Posted by JPFisher55

This delay would be very helpful. Great work PPA. Also, I am wondering if the letter by the 6 KY Congressmen put it over the top? If so, could these Congressmen generate support for a repeal of UIGEA which is preferable to the regulation bills.

Didn't know Mastercard made the Horseracing decision. That looks like the straw that broke lose the KY support that ended up pushing this over the top.

'Common enemies' is more important inside the beltway than 'friends'

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11-26-2009 , 08:47 PM

#120

kikadell

Carpal \'Tunnel

Join Date: Dec 2008 Posts: 10,044

i think people need to remember that even if party did come back to the US while the uigea has still not been overturned it doesnt mean party will be the gold mine it once was. it would be no different in terms of play to ftp or stars

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11-26-2009 , 10:58 PM

#121

CountingMyOuts

adept

Join Date: Apr 2006 Posts: 901

Quote:

Originally Posted by daedalus 9

'Common enemies' is more important inside the beltway than 'friends'

There's a reason for the saying "keep your friends close and your enemies closer".

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11-27-2009 , 01:48 AM

#122

Yanksman2009

adept

Join Date: Sep 2009 Posts: 902

Question though, with the DoJ going after the processors, this even wont stop that correct? though they do lose alot of "base" they were using, because now just using a 50 yr old wire act looks just stupid correct?

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11-27-2009 , 02:17 AM

#123

novahunterpa

Pooh-Bah

Join Date: Jun 2008 Posts: 5,244

Quote:

Originally Posted by Yanksman2009

IIRC In most cases where some official documents have been made public by the court the DOJ hasn't used UIGEA to go after processors, but other laws.

Quote

11-27-2009 , 02:31 AM

#124

BigAlK

Pooh-Bah

Join Date: Jul 2006 Posts: 3,703

Quote:

Originally Posted by novahunterpa

IIRC In most cases where some official documents have been made public by the court the DOJ hasn't used UIGEA to go after processors, but other laws.

One thing that occurred to me that hasn't been mentioned (or theorized since we have no way of knowing) is that the delay could be read as a sign the the Obama administration might be ready to take a softer approach regarding i-gaming. Thus far it has been unclear what their stance was. Initially the seizure cases were clearly something started under the prior regime and allowed to continue because it was so far along. As they continued it became less clear. This seems like a good and potentially meaningful sign.