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New Frank Bill H.R. 6870 to Curb UIGEA Gets Marked Up Today in CommitteeTue, Sep 16th, 2008 @ 12:00am Today, the U.S. House Committee on Financial Services will mark up a bill introduced last week by Congressman Barney Frank (D-Mass.) aimed at suspending regulations under the Unlawful Internet Gambling Enforcement Act 2006 (UIGEA). The bill, H.R. 6870, known as the 'Payment Systems Protections Act of 2008', would prohibit the U.S. Treasury and Federal Reserve from proposing, prescribing or implementing any regulations under UIGEA apart from those relating to sports betting, until the meaning of key definitions such as 'unlawful internet gambling' had been clarified, and an economic impact study conducted on the costs associated with compliance. This would be good news for online poker players in the USA, as it would clarify that online poker is legal. During mark up, the committee can debate, amend or rewrite the proposed legislation. After these changes have been made, the committee will vote on the bill. WATCH THE WEBCAST OF THE HEARING Interested readers can watch the live webcast of the hearing which starts at 1 p.m. ET on Tuesday September 16 by clicking here. If the bill passes the Committee stage following mark-up, it could be submitted to a vote by the House of Representatives. Its predecessor, HR 5767, fell at the committee stage in June after a vote among the 70 members ended in a 32-32 stalemate and several abstentions (click here for related article). Read Related Articles:
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Keikoan Captures Harvey's Lake Tahoe WSOPC Championship This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
Durrrr Signs as Team Full Tilt's Youngest Member Tom "durrrr" Dwan is the newest member of Team Full Tilt, the online site's highest level of affiliation. At 23, Dwan is the youngest of the now 14-person team. The high stakes cash phenomenon was nominated for induction this year into the Poker Hall of Fame until the Hall of Fame Governing Council decided he was too young to meet the "has stood the test of time" qualification.
Joe Cada Becomes Youngest World Series of Poker Main Event Champ History was made early Tuesday morning in Las Vegas as 21-year-old Joe Cada outlasted Darvin Moon in heads-up play to claim the 2009 World Series of Poker Main Event bracelet and more than $8.5 million.
Moon and Cada Heads-Up, Ivey 7th at WSOP Main Event Final Table After a marathon session at the most esteemed table in the poker world, a 21-year-old and a logger are set to go one-on-one for the World Series of Poker Main Event bracelet.
PokerStars Launches New UK and Ireland Poker Tour PokerStars.com has announced the start of a new poker tour with stops throughout the United Kingdom and Ireland. The UK and Ireland Poker Tour (UKIPT) will kick off in Galway, Ireland in mid-December, and the first event in the UK will be held in Manchester in February.
Peerless Media Agrees to Purchase World Poker Tour Enterprises According to a Monday press release, WPT Enterprises Inc., mothership of the World Poker Tour, is now the rightful property of Peerless Media, Ltd., subsidiary of online giant PartyGaming.
Tiffany Michelle and Maria Ho Hit the Amazing Race Rail After surviving six legs of the Amazing Race by the skin of their teeth, poker pros Tiffany Michelle and Maria Ho were finally eliminated in the CBS reality show's most recently aired episode. Michelle and Ho, the last women standing in the 2008 and 2007 World Series of Poker Main Events, gave reality television fans another chance to watch poker personalities compete away from the felt. Annie Duke garnered quite a following earlier in the year on another reality show competition, NBC's Celebrity Apprentice. |
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