Quote:
Originally Posted by ajt8
you're right and i'm sure his answer (if he gave one) will not really bring out much more on what stars plans to do about it, but you talk to him every week and I figure the subject has come up enough in the office that he will have some sort of response for you guys.
i feel like even though stars support rocks they are not going to take my e-mail very seriously, lol
i think it's definitely interesting enough to take a shot at it..
PokerStars official position on HR 2267
POKERSTARS APPLAUDS THE PASSAGE OF THE INTERNET GAMBLING REGULATION,
CONSUMER PROTECTION, AND ENFORCEMENT ACT
PokerStars, the world’s largest poker site, welcomes news of the
successful mark up of H.R. 2267: The Internet Gambling Regulation,
Consumer Protection, and Enforcement Act in the House Financial Services
Committee by an overwhelming, bipartisan margin of 41-22.
The bill, sponsored by Committee Chairman Barney Frank, offers a long
overdue common sense approach to internet gaming regulation in the United
States. PokerStars wholeheartedly supports the efforts of Chairman Frank
and the bill’s proponents.
This bill represents the most significant US legislative accomplishment in
the history of the internet gaming industry. The Committee vote was one
step in a road to passage of H.R. 2267 in the US Congress. Further steps
are required and a great deal of hard work for the legislators lies in
store.
It is important to note that H.R. 2267 was passed out of Committee with
the addition of certain amendments. Two in particular warrant additional
comment:
Representative Brad Sherman offered language accepted by the Committee
which would in part render as unsuitable for licensure any person who
fails to certify in writing that it and its affiliated business entities
have never committed an intentional felony violation of Federal or State
gambling laws.
Ranking Member Spencer Bachus and Representative Michelle Bachmann also
sponsored an amendment, accepted by the Committee, which would in part
render unsuitable for licensing any person who knowingly participated in
illegal internet gambling activity after enactment of the UIGEA in 2006.
The UIGEA by its clear terms shall not be construed as “altering, limiting
or extending any Federal or State law or Tribal-State compact prohibiting,
permitting, or regulating gambling within the United States”. Therefore,
in light of the more comprehensive view on this point set forth in Rep.
Sherman’s amendment, the Bachus/Bachmann amendment, with its UIGEA
timeline, appears redundant (as Ranking Member Bachus himself observed
during the mark up).
Nevertheless, PokerStars supports the provisions in both amendments as
neither would adversely affect the availability of a license for a
respected operator such as PokerStars. As reflected in legal opinions
provided to PokerStars, its activities in the US are and at all times have
been lawful.
Paul Telford, PokerStars’ General Counsel stated that “PokerStars
maintains its strong support for H.R. 2267 and encourages the full House
and ultimately the Senate to move quickly to secure passage during the
current Congressional term. PokerStars, a pioneer in operating online
poker under stringent regulatory frameworks, looks forward to working with
incumbent and new operators in promoting a safe and healthy online poker
industry in the United States, as it currently does under similar
licensing models in Italy and France”.