Online Poker Advocates Try Another Hand

Sunday, 08 May 2011 12:36 PM

  Comment  |
   Contact  |
  Print   |
    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  |
  Print   |
  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.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Nick Mangold of Jets Dons NYPD Hat in Honor of 2 Slain Officers

Monday, 22 Dec 2014 12:05 PM

New York Jets center Nick Mangold wore a NYPD hat during Sunday's game against the New England Patriots in honor of New  . . .

Garth Brooks, Justin Timberlake Wow Crowd With Surprise Duo

Monday, 22 Dec 2014 11:28 AM

Country music superstar Garth Brooks joined pop sensation Justin Timberlake on stage at Nashville's Bridgestone Arena to . . .

Orangutan's Argentina Human Rights Case Settled in Her Favor

Monday, 22 Dec 2014 11:08 AM

An orangutan has been recognized by a court as a "non-human person" unlawfully deprived of its freedom by an Argentine z . . .

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