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Friday, October 30, 2015
The year given to the US Treasury, Federal Reserve, and financial institutions to prepare for the implementation of the UIGEA online casino ban has barely a week to run, and apparently the law will go into effect. Despite requests by a number of lawmakers to delay the law against online gambling payment processing, there has been no move by Treasury officials to delay the activation.Barney Frank not only is prominent among those asking that Congress be given extra time to consider the measure, which never was properly debated after being slipped onto a Homeland Security act, but he also has authored a bill extending the implementation back a year. But the bill hasn't been able to advance to committee while more pressing economic issues dominate.
The December 1st beginning of institution of the UIGEA hasn't impeded the Department of Justice from citing the law against online casinos and their payment processors, anyway. All year, US Attorneys under Eric Holder have been seizing bank accounts using the ban as part of the legal attack package.
The tightening of Internet censorship against online gambling comes at an ironic time, as President Obama speaks in China concerning the need for Internet freedom. However, Obama's DoJ has not reflected the values the President extolled in his campaign, during which Internet freedom was a top topic.
Frank's bill proposing regulation and licensing of online casinos may still render the UIGEA moot. But the task to devise systems for financial companies to comply may leave lingering results, even if regulation is passed, as private companies choose to err on the side of caution if gambling becomes an even more confusing issue.
Published on November 21, 2009 by A.J.Maldonado
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[Source: UIGEA News]
Thursday, October 29, 2015
If you've played at all on the Australian poker circuit, chances are at some point you've run into Australian Hall of Famer Leo Boxell.
'The Mechanic' as he's also known, Boxell has a poker resume dating back to the nineties. And to say that resume is impressive really wouldn't be doing him justice.
With four Aussie Millions gold rings, three Aussie Millions Main Event final table appearances, three APPT final tables and an APPT title among his over 1.3 million dollars worth of live scores it's easy to see why Boxell was inducted into the Australian Poker Hall of Fame back in 2012.
He was set to take a seat this week after satelliting his way into the Main Event, but a bad knee meant that Boxell couldn't sit down for more than ten minutes at a time. While this bad fortune meant 'The Mechanic' wouldn't have a shot at the last ANZPT title, it opened the door for his son Danny to step in.
Danny Boxell only has two live cashes to his name, the last of which dates back to 2011, but that hasn't stopped him from putting on a show here in the Main Event. It looks like poker ability could be genetic as Danny started Day 2 third in chips with 107,100 and has already accumulated more this afternoon.
One of the first critical pots propelling the younger Boxell to his current chip position came yesterday during Level 4. Holding king-nine he lead out on a nine-high flop and after two callers, a third player moved all in for 20,000 in chips. Danny made the call and with the other two out of the way he discovered he was up against two overcards and a flush draw. He would ultimately fade danger and scoop the pot for a stack of 70,000.
While we missed the action on another crucial spot that Danny found himself in, his father was nice enough to fill us in on the details. Leo said it looked like his son was in trouble after finding himself part of a three-way all in with pocket kings against pocket nines and pocket aces. Chasing a king to stay alive he found one when the board ran out and tripled up to keep his tournament run alive.
With his Hall of Famer father here supporting him and with one of the big chip stacks maybe Danny Boxell can follow in his father's footsteps this week. We'll be watching to see if he can make it to the money tonight and push on to the final table to chase that $261,200 first place prize!
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[Source: PokerStarsBlog.com :: Australia New Zealand Poker Tour]
President Obama may be telling people the recession is ending, but representatives of the Las Vegas casino industry think it will take several years for recovery for gaming companies. The opportunities presented by online casinos may even force the most hardened opponents of Internet competition to examine the fix possible in accepting the new wave.Frank Fahrenkopf, Jr., president of the land-based casino organ American Gaming Association, told listeners at the Global Gaming Expo this week that he doesn't believe optimistic comments that the recession is over. He said the slowing decline experienced over much of 2009 is not the same as increases, and added the return to gaming figures pre-recession may be as much as four years away.
"Without a doubt, the gaming industry is facing a long road to recovery," Fahrenkopf said.
But the low overheads and ready customers available to online casinos is drawing attention from greater numbers in the land casino business. Harrah's has already prepared an online poker arm, using its World Series of Poker brand, to enter European markets in what many analysts consider a prelude to US activity.
AGA membership had opposed online gambling for years, but Fahrenkopf has noted for over a year now that the organization has changed its stance to neutral, as groups like Harrah's offset the hard-core rejection of Steve Wynn and others.
Now Fahrenkopf says the AGA may take up the topic in December. AGA support for Barney Frank's legislation to regulate online casinos may be the needed impetus to get Harry Reid behind the cause, giving the bill a real chance to pass.
Published on November 19, 2009 by TomWeston
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[Source: Harrahs Casino News]
The Nevada Gaming Control Board is cautioning holders of state licenses to operate casinos not to get involved yet with online gambling projects. Board member Randall Sayre published on the board website a letter he wrote to an anonymous lawyer advising that clients be told to refrain from doing business with Internet casino operators.Sayre went on to say that agreements between licensees and unlicensed online gambling sites are "inconsistent with the Nevada Gaming Control Act."
Currently, Harrah's Entertainment has developed its own Internet gaming branch, while several land-based casino companies are rumored to be in negotiations to partner with established online casinos in the event the US Internet gambling market is opened.
Sayre says ongoing relationships are being currently investigated by board regulators. He called a decision to avoid connections with Internet gambling by Nevada casinos "sound from both a state and federal perspective."
Harrah's gets online gaming software from 888.com, so that company is under review by the board as to whether it meets rules to do business with a licensee. According to the Las Vegas Review-Journal, this is the first time an online gambling operator who had accepted wagers from US residents may be cleared for Nevada business relations.
Published on June 8, 2010 by MattMiller
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[Source: Harrahs Casino News]
Just prior to G2E, Scientific Games announced that one of its subsidiaries had signed an agreement with Mersoy Turizm Otelcik Islet to supply its Elexus Hotel Resort Casino in North Cyprus with a broad portfolio of its WMS- and Bally-branded gaming machines and Shuffle Master table products.
Mersoy Turizm is owned by an international group that operates several resorts and travel agencies around the globe. It conducted an extensive evaluation and competitive bidding process before choosing a broad array of Scientific Games' WMS, Bally and Shuffle Master products for its cutting-edge casino that was scheduled to open last month. The Elexus Hotel Resort Casino, located in the seaside community of Girne, will be the largest resort in North Cyprus.
“We selected Scientific Games as our preferred business partner because of its diverse portfolio of gaming products combined with high-level product support,” said Ibrahim Esen, casino director for Elexus Hotel Resort Casino in a prepared statement. “We believe that the popular WMS, Bally and Shuffle Master product brands will add tremendous gaming excitement for our customers and will help drive our revenues.”
Elexus Hotel Resort Casino will offer its customers Scientific Games' most powerful and sophisticated games platforms and more than 90 WMS and Bally game titles—accounting for up to 40 percent of the new electronic gaming devices on the casino floor. Also, the casino will open with Scientific Games’ state-of-the-art video, spinning reel, and specialty game cabinets, including the newly introduced WMS BLADE s23 cabinet and the Bally Pro V27-27 Slant cabinet.
In addition, Scientific Games’ Shuffle Master-branded games will account for 100 percent floor share of new table products.
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[Source: Hot Games]
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