Online Poker Advocates Try Another Hand

Sunday, 08 May 2011 12:36 PM

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
Online poker advocates in Washington are renewing efforts to legalize the game in the United States in the wake the indictment of the owners of three of the largest internet gaming companies. In Online Poker, Justice DepartmentApril, the Justice Department charged the owners of PokerStars, Full Tilt Poker, and Absolute Poker with bank fraud and gambling charges, The Washington Post reports.

Since the indictments, the Poker Players Alliance has renewed a push to legalize the industry in America. The group, which receives backing from overseas gaming interests, has garnered increasing support from Nevada casinos. The alliance is highlighting the potential billions in tax revenue that legalization would bring, the Post reported.

Poker Players Alliance’s John Pappas said, “We’re trying our best to make lemonade out of the lemons. I think now more than ever, people realize that the status quo is not going to work. We need legislative clarity so that there is a U.S. regulated marketplace for poker,” the Post reported.

Internet gambling essentially was barred under 2006 legislation that prohibits banks or other financial institutions from processing online gaming transactions. The companies involved in the April 15 indictments are offshore, the Post reported.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Jian Ghomeshi: Canadian Radio Host Charged With Sexual Assault

Wednesday, 26 Nov 2014 15:16 PM

Canadian celebrity radio host Jian Ghomeshi has been charged with multiple counts of sexual assault. . . .

B. Smith: Missing Model and Restauranteur Found in Manhattan Diner

Wednesday, 26 Nov 2014 14:47 PM

Restaurateur and former model B. Smith, who has Alzheimer's, was reported missing in New York by her husband when she di . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved