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Poker Nemesis Frist not to run for PresidentSat, Dec 2nd, 2006 @ 12:00am Senate Majority Leader Bill Frist, who snuck the Unlawful Internet Gambling Enforcement Act (UIGEA) into the Safe Port Bill in the final moments before the Senate recessed, announced Wednesday that he will quit public life and will not run for President of the USA. Recall that the UIGEA did not make online poker illegal, but it did make it illegal for banks and financial institutions to handle transactions from US residents to online gambling sites, with the exception of several state-run lotteries, horseracing and a few other gambling sources of income for states. How banks comply with the Act has yet to be defined. A government board has till July 2007 to define procedures to comply. Frist said in a statement, his only planned comment on his decision, "In the Bible, God tells us for everything there is a season, and for me, for now, this season of being an elected official has come to a close. I do not intend to run for president in 2008." His announcement comes after he spent several years building a foundation for a Republican presidential nomination. Other Republicans already exploring a White House bid include: Sen. John McCain of Arizona and former New York Mayor Rudy Giuliani. Also, Mitt Romney, Governor of Massachusetts, is considering pursuing the GOP nomination. Frist would have had to deal with several ethics controversies in his quest for president. As reported by CNN: He has a multi-million-dollar fortune gained largely through his ownership of stock in Hospital Corporation of America (HCA), a hospital chain founded by his brother and father. The company later became Columbia/HCA Healthcare. HCA was the subject of a decade-long federal investigation into double-bookkeeping and suspected criminal fraud involving the bilking of Medicare and other federal health programs. The company has paid $1.7 billion in fines. In 2005, Frist sold his HCA shares, which had been in a blind trust, at a time when the price of stock shares was peaking and insiders were also selling. Two weeks later the company announced that earnings would not meet expectations, causing a substantial drop in the share price. For more than a year, Frist has been under investigation by the SEC regarding allegations of insider trading. He has vehemently denied any wrongdoing, although he has not gained the quick resolution of the issue that he had hoped for. Read Related Articles:
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Sweden Undecided Whether Online Poker to Remain Gov't Monopoly Sweden has repeatedly been under fire from the European Commission to comply with EU laws that give EU-based operators free movement of goods and services between EU member countries. Today, Gambling Intelligence Group relayed that Jan Nyren, who is conducting Sweden's gambling investigation, will propose in his final report due in December that Sweden introduce a licensing system for online sports betting providers. But he says he has yet to decide whether to recommend online poker be opened to competition or remain the government monopoly of Svenska Spel.
World Series Of Poker Academy Debuts in LA Sept. 6-7 at The Bicycle Casino The World Series of Poker Academy, poker's premier series of instructional schools where participants learn first-hand from the world's greatest poker players, just announced details for its first-ever event in Los Angeles, California USA.
World Series of Poker Europe Begins in 2 Weeks With only two weeks to go, final preparations are being made and big name players continue to commit to the second annual World Series of Poker Europe (WSOPE), including members of the final table of the World Series of Poker (WSOP). All players will compete for their chance at fame, fortune and the most coveted prize in gaming: a World Series of Poker championship bracelet.
Team PokerStars Nets Hockey Great Mats Sundin While the hockey world may have to keep waiting for Mats Sundin to decide his NHL future, fans of the felt will be seeing a lot of the fomer Toronto Maple Leafs captain. It has been announced that PokerStars has signed the hockey legend to an endorsement deal, making Sundin the newest PokerStars embassador.
Poker Pro Europe Magazine Expands Distribution into South Africa Poker Pro Europe magazine, as part of its global expansion, can now be found in casinos in South Africa and Swaziland. The distribution pushes the publication's total circulation over 55,000, making it one of the largest poker-related magazines outside the USA.
Amsair is Official Airline of World Series of Poker Europe Amsair was just announced as the latest top line sponsor for the forthcoming World Series of Poker Europe to be held next month in London, UK. The deal will make Amsair Executive Aviation the official airline of the tour and will allow Betfair Poker customers exclusive and discounted rates on any of the private jets in the extensive Amsair charter fleet.
No Withholding Taxes on Poker Tourneys The IRS has decided that every poker operator in the United States will have to report anyone who wins more than $5,000 in a poker tournament.
Poker Craze is Ramping Up in Asia The recent successful Asian Poker Tour (APT) in Macau, and the Asia Pacific Poker Tour (APPT) underway at Macau's Grand Waldo Hotel and Casino both reflect how Texas Hold'em poker is set to take the Asian region by storm, according to Timothy Chui of the Hong Kong Standard.
WSOP November Niner Dennis Phillips Signs Up for Oracle Poker Consulting With 2008 World Series of Poker final table participants receiving the luxury of a 117 day break before the biggest day of their poker careers, it was believed that the final nine would take a large portion of the hiatus to fix any leaks in their poker game. "November Nine" chip leader Dennis Phillips was the first final tabler to make his coaching arrangements public, as his hiring of Oracle Poker Consulting was announced Wednesday in a press release.
Timoshenko Earns Half Million for Asian Poker Tour Macau Win Last week, the Asian Poker Tour (APT) rolled through Macau and into the StarWorld Galaxy Hotel and Casino, tempting players by slapping a $500,000 guarantee on the Main Event first-place prize. In the end, 20-year old Yevgeniy Timoshenko, a United States citizen of Ukrainian descent, shined during play at the eight-handed final table to grab the largest guaranteed tournament in Asian poker history. |
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