Gambling Rule

Will The US Leave $40 Billion In Tax Revenues On The Table?
According to the Safe and Secure Internet Gambling Initiative, a new tax revenue analysis announced by Representative Jim McDermott (D-WA), pictured left, 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.“Before us is a tremendous opportunity to protect consumers and recoup billions of dollars that should be collected by the Internal Revenue Service,� said Representative McDermott. “These are revenues that are desperately needed, given that we are at war and face difficulty financing the nation’s priorities.�Representative McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act (H.R. 2607), which would tax regulated Internet gambling. According to McDermott,the current approach, prohibiting Internet gambling through the Unlawful Internet Gambling Enforcement Act (UIGEA), has proved to be a failure. “Instead of this ineffective attempt to prevent adults from gambling over the Internet, we need a more sensible approach to protect consumers and ensure that revenues that now flow offshore stay here in the U.S. and are therefore subject to taxation.� McDermott’s bill is a companion to the Internet Gambling Regulation and Enforcement Act (H.R. 2046), legislation introduced by Representative Barney Frank (D-MA) that would establish a licensing and enforcement framework for regulated Internet gambling in the U.S. The legislation would allow States to retain full control over the regulation of Internet gambling within their borders, applying additional taxes, protections and limitations as determined necessary and appropriate.�By prohibiting a popular, recreational activity that many millions enjoy in the comfort of their own homes, the U.S. is forfeiting billions of dollars in revenue needed for critical government programs,� said Jeffrey Sandman, spokesman for the Safe and Secure Internet Gambling Initiative. “It is time for Congress to regulate and tax Internet gambling to ensure security controls are in place to protect consumers and capture billions in revenue.�

Pop The Cork - It?s Party Time!
All Players who purchase £€$20 and play on the Party Time Slot Machine will receive Double Points, so leave 2007 with a bang! Play on the 31st Dec 2007 or 1st January 2008 and you will receive Triple Points on these days!

Antigua Close To Approval For "Whitelisting" In UK
The government of Antigua announced that it may yet achieve whitelist status in the United Kingdom. If they achieve this coveted status, they’ll be able to advertise there.Antigua expressed confidence that their application for whitelisting under the UK gambling law will be approved following a meeting between UK Minister for Sport Gerry Sutcliffe MP, and Antiguan Minister of Finance and the Economy Dr. L. Errol Cort (pictured right). Only a precious few applicants have been accepted for whitelisting, and includes Alderney, and the Isle of Man. Because Antigua's application has yet to be approved, Errol Cort met with Sutcliffe to ensure him that all information required to complete its review and approve Antigua's application was on hand. "I was happy to learn that very little stands in the way of our approval for whitelisting,� said Dr. Cort, “and I think I can express confidence that this issue will be resolved favorably in the very near future." Antigua’s Director of Gaming Kaye McDonald added, "We are acknowledged global leaders in the regulation of this industry. Our standards are the highest in the world and we view the whitelisting as important to demonstrate our commitment to the highest standards in the supervision and oversight of this dynamic industry." Cort viewed the mission an unqualified success, saying "This meeting shows what governments can accomplish by working cooperatively and openly to resolve issues between them. We appreciate Minister Sutcliffe's interest in this matter and look forward to concluding this matter shortly."

GPSTS Founder Charles Nesson Proposes Presidential Candidates Play Poker To See If They Understand Strategy
Charles Nesson, Harvard law professor and founder of the Global Poker Strategic Thinking Society (GPSTS) was a guest on Comedy Central’s The Colbert Report.I’ve blogged about Nesson before. Back on August 14 I wrote about his plan to organize poker strategic thinking societies at universities and secondary schools. At an international conference called State of Play held in Singapore last summer, Nesson advanced the idea that poker can teach everything from basic life skills to war games at military colleges.Students at several top universities formed poker clubs as part of Nesson’s Global Poker Strategic Thinking Society (GPSTS) in preparation for a national collegiate team poker tournament and conference next year that’s aimed at promoting poker’s educational benefits.Nesson hopes that poker societies will reach the point where they have an NCAA-style championship in team poker for American universities and envisions an open online curriculum centered on poker that will draw the brightest minds together to promote open education and Internet democracy.He chatted with the sarcastic and cynical Stephen Colbert about the strategic benefits of playing poker and talked about some of his goals for the GPSTS—and how online poker can help people learn skills that transfer seamlessly into real life. He proposed that all of the presidential candidates get together and play poker on The Colbert Report to see how well they understand strategy.I’d love to see that, but somehow I doubt it would ever come about.A video of the interview is posted to Comedy Central’s website: http://www.comedycentral.com/