INTRODUCTION OF INTERNET GAMING REGULATION LEGISLATION IN THEU.S.
Statement by John K. FitzGerald, Chief Executive of the Interactive Gaming Council (IGC)
May 6, 2009- “TheIGCand its’ members enthusiastically endorse the legislation introduced by House Financial Services Committee Chairman Barney Frank and Rep. Jim McDermott to license, regulate and tax non-sports Internet gaming in theUnited States. We believe that licensing and regulation is the best way to protect minors and problem gamblers, while respecting the rights of adults to select their own entertainment choices. Today, dozens of countries employ such regulatory systems, and it is time for theU.S.to do so as well.
“We also thank Chairman Frank for taking an important step to address the flawed regulations that were finalized pursuant to the Unlawful Internet Gambling Enforcement Act. We believe that there is a better way for theU.S.to stop prohibited gambling, such as sports betting, without the burdens this regulation will impose on financial institutions and legal gaming operations.”
“Rep. McDermott’s legislation recognizes that, against the backdrop of massive federal deficits,IGCrepresents an industry that is asking to payU.S.taxes; his legislation would provide a stream of revenue that can fund important programs or reduce the federal deficit.”
“We congratulate Chairman Frank and Rep. McDermott on their leadership on these issues, and we look forward to working with them as they move the United States toward a rational policy of licensing and regulating Internet gaming.”
Contacts:
Keith Furlong, Deputy Director, | Phone: 1-732-687-0880
Interactive Gaming Council (IGC) Applauds Kentucky Court of Appeal Ruling Prohibiting the Seizure of Online Gaming Domain Names
LOUISVILLE, Kentucky January 20, 2009 – TheIGCapplauds the Kentucky Court of Appeals ruling today that prohibited the State of Kentucky’s seizure of 141 domain names belonging to Internet gambling operators, many of whom are members of theIGC.
“As a result of the appeals process an informed and judicious decision has been made, which confirms our original views on these proceedings.IGCmembers are pleased and we stand committed to continuing our advocacy of a regulated online gaming industry. TheIGCstrongly believes that if policy makers want to protect children, individuals that suffer adverse consequences of excessive gambling and the general public, the true and only response is regulation,” stated John Kennedy FitzGerald,IGCChief Executive Officer.
FitzGerald went on to say, “theIGCtook a leadership role in advancing these proceedings on behalf of internet businesses everywhere and our organization is humbled by this decision and by the overwhelming support received from internet businesses and free speech organizations everywhere and we wish to thank them for their support throughout this process.”
The appellate court ruling was welcome news to the strong coalition, including the Poker Players Alliance, the ACLU of Kentucky and the Electronic Frontier Foundation, all of whom argued that the original seizure of domain names was inappropriate.
"This is a very important decision for anyone doing business on the internet," said Jeff Ifrah, counsel for the Interactive Gaming Council (IGC). "We hope this will prevent misguided state officials from considering litigation against on-line industries located outside of its state boundaries. While this proceeding was ill conceived, the judicial process was permitted to properly function for which we are grateful. The Court of Appeals has now corrected a fundamental misunderstanding by the trial judge in this proceeding regarding the nature of the internet and the legality of online gaming inKentucky," Ifrah continued.
December 02, 2008- CBS News program “60 Minutes,” which aired on Sunday night, claimed on multiple occasions that online poker was illegal in theUnited States. Near the top of the show, correspondent Steve Kroft narrated, “We should tell you that this $18 billion industry is illegal in theU.S.” However, is that really the case? Is online poker really illegal? Poker News Daily sat down with gambling law expert Professor I. Nelson Rose to discuss the legality of online poker.
Interestingly, Rose noted that the producers of the popular Sunday night program called him in order to ask his interpretation of whether online poker is legal. He told Poker News Daily, “I thought I made it clear to them. You can’t say for sure that online poker is illegal. There are too many variables. The show gave the false impression that it’s a crime to play poker when in fact in probably half of the states, you’re not committing any crime at all.
Read the full article on Poker News Daily:http://www.pokernewsdaily.com/is-online-poker-legal-770/
Online Casinos Needed by Congress, Says AGA President
Fahrenkopf asserts that there may be billions in revenue for the federal government through taxation of online casinos.
By Matt Miller Online Casino Advisory.com
November 16, 2008 - The land casino industry is starting to examine options regarding online casinos. Last week, the president of the American Gaming Association offered his opinion that legalized online gambling is the future in theUnited States.
Frank Fahrenkopf runs the organization responsible for representing the giant casino operators. On the board of theAGAare such gambling executives as Steve Wynn,GaryLoveman of Harrah's Entertainment, and Dan Lee of Pinnacle. This group has extensively lobbied in the past to keep Internet competition at bay by banning it.
But now, giant land casino resorts are next to impossible to finance, and revenues are dropping as travel becomes too expensive for many gamblers. And a new vision is taking place at the American Gaming Association.
Fahrenkopf sees the legalization and regulation of Internet gambling as key to Congressional budgets. Fahrenkopf, who knows politics from his days as chairman of the Republican Party during the Reagan Presidency, says in an interview with the Reno Gazette, "...any Congressman or Senator who introduces a piece of legislation that is going to cost something will also have to show how they are going to pay for it, either by cutting spending in one place or raising taxes in another. So we know under those circumstances, they will be looking around at a place to get additional revenue."
Fahrenkopf asserts that there may be billions in revenue for the federal government through taxation of online casinos. And it's clear through his statements that some of his members are rethinking online gambling.
Fahrenkopf mentions that Harrah's, as owner of the World Series of Poker, would be interested in exploring Internet opportunities. And he also mentionsMGMMirage as being another company eyeing the great returns on relatively minuscule investment of online casino gambling.
The net result is that a lobby dedicated to preventing any incursions by Internet casinos now may reverse itself, pressing for online gambling as best for all concerned.
Published by: http://www.onlinecasinoadvisory.com/casino-news/online/aga-looks-to-online-gambling-42321.htm
Regulating Internet Gambling Would Generate Billions in New Revenue for Critical Government Programs
WASHINGTON, /PRNewswire-USNewswire/ January 31, 2008 -A new tax revenue analysis announced by Representative Jim McDermott (D-WA) estimates that regulating Internet gambling would generate between $8.7 billion to $42.8 billion in federal revenues over its first ten years.
The findings of the analysis, prepared by PricewaterhouseCoopers, were provided to all Members of Congress by McDermott earlier this week… http://www.redorbit.com/news/technology/1236959/regulating_internet_gambling_would_generate_billions_in_new_revenue_for/index.html?source=r_technology