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[Press Release] PPA Commends Introduction of Internet Gaming Regulation Bill (03/17/11)

[Press Release] PPA Commends Introduction of Internet Gaming Regulation Bill (03/17/11)

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WASHINGTON, DC. (March 17, 2011) – The Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, today commended Representative John Campbell (R-CA) and House Financial Services Ranking Member Barney Frank (D-MA) for introducing the Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would establish federal licensing and regulation of internet gaming, and called for its timely consideration.
WASHINGTON, DC. (March 17, 2011) – The Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, today commended Representative John Campbell (R-CA) and House Financial Services Ranking Member Barney Frank (D-MA) for introducing the Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would establish federal licensing and regulation of internet gaming, and called for its timely consideration.

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Published by: pokerplayersalliance on Mar 17, 2011
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03/18/2011

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NEWS RELEASE
Teresa Schofield
For Immediate Distribution
PPA Commends Introduction of Internet Gaming Regulation Bill
WASHINGTON, DC. (March 17, 2011)
– The Poker Players Alliance (PPA), the leadingpoker grassroots advocacy group with more than one million members nationwide, todaycommended Representative John Campbell (R-CA) and House Financial Services RankingMember Barney Frank (D-MA) for introducing the Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would establish federal licensing and regulation of internet gaming, and called for its timely consideration.“The great American game of poker has long been ingrained in our country’s proud history and,as with so many other facets of life, has migrated in the technological age to an online format,”said PPA Chairman and former Senator Alfonse D’Amato. “Given that millions of Americanscurrently play online poker, states across the country are recognizing the value in licensing andregulating the game and many are introducing their own laws to allow for residents to play in asafe, regulated market while collecting millions in tax revenue. However, instead of a patchwork of state laws limiting the pool of players against whom residents can play and serving to onlyprotect the Americans in those states, the time is now for Congress to step up and pass federallegislation, like the Internet Gambling Regulation, Consumer Protection and Enforcement Act,that allows the entire country to benefit.”The comprehensive bill closely reflects H.R. 2267, which passed through the House FinancialServices Committee in July 2010 with overwhelmingly bipartisan support and addressedconcerns raised in the hearings. Calling for the implementation of new technologies to preventunder age play and problem gambler abuse, the bill expands consumer protections not includedin the current Unlawful Internet Gambling Enforcement Act (UIGEA). In addition, the federalgovernment and the states will have the authority to prevent consumer fraud and generaterevenue through taxes that are currently being paid to competing countries.Key provisions of the bill include, among other things:
Thorough vetting of potential licensees and creation of an OFAC-style list of illegaloperators;
Mandatory implementation of technologies to protect against underage gambling usingthe commercial and government databases used for online banking to verify age andidentity
Requirements for operators to set daily, weekly or monthly limits on deposits and lossesto monitor and detect individuals with excessive gaming habits;
High standards to thwart fraud, abuse and cheating to ensure fair games for customers;

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