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www.apcw.org Weekly webcast for the online gaming industry. Harrah’s makes online gambling headlines again, experts give advice on how safe it is to play at online casinos, and industry news from Texas and Asia.

5k Buy-in Mixed Hold’em (Part 2) – World Series of Poker 2008

James Kilsby interviews Andrew Gellatly, Editorial Director of GamblingCompliance on the latest rumors of Senator. Reid marshalling forces for a legislative bill that would regulate online poker – which surfaced last week on the London Stock Exchange in a brokerage note issued by a Daniel Stewart & Co. analyst. Reid is the senate majority leader and has been the political fixer for Nevadas casino industry for nearly a quarter of a century. Suggestions that the Las Vegas industry may have encouraged Reid to pursue this route hint at a change in outlook among some of land based operators that is very interesting. Potentially Reid could take a narrow proposal to regulate internet poker and nothing else to Mitch McConnell the Senate minority leader from Kentucky and reassure him that the Horse racing Industry could also benefit such a proposal. Horse racing has already secured its own credit card transaction codes to keep it out of the way of UIGEA restrictions but there are still wider legal doubts that an online poker bill possibly could be used to clarify. Then Reid would have to take it to Senator Jon Kyl- a vitriolic opponent of online sports betting- and tell him that nothing in his bill would bring sports betting to US computers. With that Holy Trinity in line, a bill might have a better chance of getting passed than any broader measure that Frank might propose. Reid is a former gaming regulator and has always taken the view that Internet gambling is impossible to …

What a start to this episode as Greenstein and Esfandiari go at for a pot of 450k. With Greenstein’s pair of Kings and Esfandiari’s trepidation with his pair of 10s, will he fold? Then Greenstein gets into the mix with Kid Poker Daniel Negreanu in a pot that nearly hits 200k. But the most impressive pot comes from Lauberte and Benyamine — hitting more than 1.25 million!

Online gambling in United States of America (USA) is going through a tumultuous situation. The present Federal Act governing the online betting is known as UIGEA or Unlawful Internet Gambling Enforcement Act. This Act was passed in the US Congress along with SAFE PORT Act of 2006. At that time, the Republicans dominated the house and Junior Bush headed the government. The government was predominantly conservative in nature and was against gambling, especially the online ones. They were not able to ban online gambling but passed an act (Unlawful Internet Gambling Enforcement Act or UIGEA) that made online betting related payments illegal. The government had also arrested some payment processors regarding online gambling payments. After such incidents, many internet-based casinos stopped allowing virtual betting payers from USA. Freedom loving people of America started feeling the heat. They started feeling that their internet freedom is at stake. Freedom of choice was hampered by UIGEA, a Draconian law regarded by many.

Perceiving the mood of the general mass, Rep. Barney Frank had started a campaign against UIGEA. He tried to repeal UIGEA by bringing a motion in the year 2009. However, this motion was severely defeated in that year as the Republicans dominated the Congress. Discussions, debates and persuasions never stopped. In the year 2009, United States of America faced one of the most acute recessions of all times. This economic downturn made the coffers of the government empty. External borrowing increased and the investor confidence dipped. At this juncture, government started to find various avenues of increasing their revenue earning. Many people aired their view that revenue should be earned by taxing online gambling. This meant that the government had to make it legal in all terms and Unlawful Internet Gambling Enforcement Act repealed. In the mean time, the Presidential election saw win of Democrat candidate, Barrack Hussain Obama. He himself is a staunch supporter of online gambling and is a gaming aficionado too. Barney Frank kept on his campaign against UIGEA and approached PPA for support. He was successful. As a result of such huge support against Unlawful Internet Gambling Enforcement Act, the implementation of the ACT as a law was delayed by 6 months for discussion. UIGEA is rescheduled to be implemented from 1st of June 2010. Within this time, debates are scheduled and different proposals are heard. Barney Frank has placed two alternative proposals of online gambling regulation and taxation. These proposals are scheduled to be discussed in the House of Representatives. According to a KPMG survey and analysis, the free online gambling is supposed to expand at a 41% rate in the year 2012. The revenue that can be earned by taxing this swelling economy is enormous. Thus, government of United States of America is contemplating the idea of regulating and taxing internet based betting industry.

Frank has proposed two ideas, namely, HR 2267 (Internet Gambling Regulation, Consumer Protection, and Enforcement Act) and HR 2266 (the Reasonable Prudence in Regulation Act). Both these are highly pertaining to the current situation and popular mood.

Lake Tahoe School Poker Tournament
The ninth annual Lake Tahoe School Texas Hold’em Poker Tournament starts at 3 p.m. Sunday, Oct. 24, at the Crystal Bay Casino’s second floor Club Room. For a $250 buy-in receive $2,000 in tournament chips and $100 re-buys are available with your buy-in or at dinner break.

Read more on North Lake Tahoe Bonanza

Everett Sizemore: States Struggle to Deal With New Gambling Loophole
A new form of gambling that combines online betting with brick-n-mortar casinos has been sweeping the nation, and states are struggling to keep up with…

Read more on The Huffington Post

Please do not refer to online casinos, real ones only please!
If the casinos dont pay out in cheques, how do I deposit a large sum of cash at my bank without looking like a criminal?