Posts Tagged ‘UIGEA’

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VISA and Master Card Blocking Online Poker Site Payments

Playing poker was not difficult to play before but now it seems that it will become a little difficult to play around. Since the arrivals of the Unlawful Internet Gambling Enforcement Act U.S. players have found it increasingly difficult to play poker online.

Now the largest credit card providers in the United States, Visa and Master; both are going to block the transfer of fund to gaming sites. It’s been speculated by the ERG Magazine that the credit card companies have been prompted to act by the outcome of a particular federal case.

Canadian Douglas Rennick has been charged with illegally control around $350 million worth of transfers to and from online gambling sites. His most recent appeal completed just a few weeks ago with the blameworthy result being upheld. By this result both the companies get scared of similar federal punishment, so they have decided to cut off all online gambling companies.

Now the questions arises is that how credit card companies will get to know that players are sending money to a gambling site. There are different types of codes assigned to each of the payments that are given by the credit card companies. And these codes tell them that what type of money service is in use.

Gambling companies can use the code 7995. Companies could use the different codes to get around the card block. But MasterCard claims knew about it and therefore they are coming down even harder on transfers to businesses that they feel may have been miscoding their transactions. 

Most of the online poker sites are accepting eWallet or paypal or MoneyBookers transactions. But everyone’s looking forward if the parliament is able to put a process in place for lawful and in time online gambling in the U.S. And if new bills are not introduced before the deadline, then it will become even harder for the U.S. players to play and participate in the online poker.

2009 Online Poker Year in Review

In the past year, poker world is the industry which continued to provide their players excited gaming events full of drama and controversy. Many poor states of the economy have affected the majority of businesses, and the big buy-in tournament poker is also the part of that dilemma. In 2009 tournament poker took a hit at the highest buy-in levels.

Aside from the main events, the $10,000 world championship events at the world series of poker saw their turnout to be decreased 13%, by the combined total of 1,786 entrants from the 2,053 entrants the year before. And the number of tournament attendance was down in $10,000 buy-in-events but overall some attendance numbers were up and according to trend it shows that the interest in highest buy-in amounts took a hit overall, and live tournament poker is still famous.

At the start of 2009, an online high flier Tom Dwan issued Million Dollar challenge to the online world. This challenge was for the opponents to come out on top after the required number of hands. If Dawn were ahead by #1 or more than his opponent must fork over $500,000 and if the Dwain’s opponent were ahead by $1 or more Dwan’s would cough up $1.5million.

The WOSP set an overall turnout record with 60,875 players in 2009, with an increase of 4.5% over 2008. It was a success year for EPT that found major live poker tournament poker in 2009, also become the most consistent performer. The 7,847 players that enters EPT main events in 2009 and represented impressive growth over the 6,443 players that entered 11 EPT main events in 2008.

Those tournaments that adjust buy-ins downward for the poor economy were major success stories of the year. Overall, WSOP’s performance was better, with total attendance increasing to 60,875 during the year 2009 from 58,720 players of 2008. And it was because of two bracelet events to bring total up to 57 in 2009 from 55 in 208, but the average was very close. In 2009 WOSP averaged 1,067.98 players per event while the average for 2008 was 1,067.64 players per event.

In 2008 H.O.R.S.E world championship depicts 148 players and but that number was down to 95 in 2009.The $40,000 no-limit hold’em event. This was new for 2009, drew 201 players a respectable field that may show some player’s preference for the strongest game when playing for the highest takes. Number of attendants at WPT North American events fell the most in 2009, down to 4,489 at 11 events. While there were 6,025 players who attended almost 14 events in the year 2008, and this average decreases as well, with 430 players attending event in 2008 and 408 attending in 2009.

Due to the enhancement of UIGEA (Unlawful Internet Gaming Enforcement Act) which is scheduled to be started in December 2009; has made the players left the game. And is assumed that it will continue till mid of 2010. According to PokerScout.com, the poker industry is increasing by the rate of 30%.

Finally, the WPT put the world back by hosting several tournaments in Europe. These tournaments were warmly received, with strong European contingents filling out fields alongside many of the best poker from the US.

Eurolinx and BetOnBet are closed because of some mysterious reasons which are being investigated by police and Pitbull is also closed after this outrage. But aside from these scandals it’s presumed that online poker world will prove themselves more efficient to attain big heights and earn huge earnings by competing online behemoths as PokerStars and Full Tilt Poker.

Menendez to Introduce Online Poker Skill Game Bill in Senate Today

It seems like the poker players’ waiting period has finally come to an end with the Sen. will introduction of a bill today in the Senate by the Sen. Robert Mendez (D-NJ), in order to regulate and tax Online Poker and other “games of skill,” according to Dow Jones Newswires. This is in addition to Barney Frank’s (D-MA) Internet Gambling bill HR 2267 in May.

The difference between the two bills is that the Senate bill would regulate only Online Poker and other ‘games of skill’ while Frank’s bill would regulate various forms of online gambling, including online casinos and sports betting as well. Neither of these two bills however are expected to supersede current states laws concerning gambling.

The news of the bill was disclosed during the National Poker Week in July, initially remaining with the Dow Jones Newswires.

In September 2008, Menendez introduced S 3616, in the context of the Internet Skill Game Licensing and Control Act. The bill was making sure it doesn’t fall under the UIGEA but under the US. However this bill was suspended.

The current bill is similar to S 3616. To apply for a license under S 3616, an online poker site would have to disclose complete financial information, outline their corporate structure as well as share the “names of all persons directly or indirectly interested in the business of the applicant and the nature of such interest”.
According to Dow Jones Newswires the bill by Menendez “proposes to establish a regulatory framework to allow online poker operators to register in the U.S. It would put in place consumer protections such as ensuring an individual is logging on from a jurisdiction where gambling is legal, and having accurate age-verification procedures”

“The legislation would require other safeguards protecting against compulsive gambling, fraud and money laundering and ensuring the fairness of games. “A 10% tax would be collected on all deposits made by players to gambling sites, with the proceeds split evenly between the state and federal governments.”
The banking industry requires definitions as to which gaming companies fall under the UIGEA, since the UIGEA is so vague. So they are expected be supporting the bill.

With both the Senate and the House of Representatives working on Internet gambling legislation, the process of overturning the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) should be successful.

USA Poker Players Dominate Market despite UIGEA

The online poker industry is vibrant and is flourishing rapidly. It was recently discovered from Poker Player research statistics that online poker players in the United States continue to dominate the international market in spite of the trouble faced by them due to the Unlawful Internet Gambling Enforcement Act which bans financial transactions with offshore online poker companies.

The motivation and conviction of the online poker players towards their games seems to be unstoppable. The numbers should give American politicians a break in proceedings this year as Congressman Barney Frank pushes ahead with his bill HR 2267 to license and regulate on line gambling in the States.

The Online Poker industry is huge and covers a large part of the online gaming population. According to the findings of the Poker Players Research there are over 10 million real money poker players in the United States, a number over five times greater than the next largest market, the United Kingdom, which has 1.9 million online poker fans.

Other major poker playing countries with a strong online sector include Germany with 1.6 million players; France with 1.3 million players and Scandinavia – Norway, Sweden and Denmark, with 1.4 million real money players.

There are a number of famous websites which have been serving the online poker players for quite some time. Particularly when it comes to the business of providing online facilities for players, it is perhaps no surprise that Poker Stars.com which is the largest online poker website and Full Tilt Poker.com which is also huge, are the most successful, holding more than half the global online poker market and continuing to accept US business from their offshore locations.

Click here for more USA Poker Rooms!

Click here for more USA Poker Rooms!

Senate Online Casino Bill to Mirror Barney Frank Measures

The recent Online Casino scandal has created quite a jiff in the gambling world. Rceently it has been discovered that Senator Robert Menendez of New Jersey is preparing a bill to bring online casino regulation to the Senate. Acoording to PPA head John Pappas, This is being done parallel to Barney Frank’s legislation which is slowly working its way through the House.

The Players Alliance executive director John Pappas stated during his speech in Washington as a part of the celebration of National Poker Week, that a Senate companion bill to Barney Frank’s measure to regulate online casinos will be forthcoming. According to Pappas the bill will be introduced by Senator Robert Menendez of New Jersey, but did not commit to a specific time.

Representative Bill Frank has already provided two pieces of legislation which are designed to remove the UIGEA online gambling ban and license and regulate Internet casinos and poker rooms. The PPA on the other haqnd is using the poker celebration to generate solid support for Frank’s efforts.

Frank’s bills were due infront of the committee for discussion after the Fourth of July Congressional recess, however the economic condition delayed the matter of the debate over the online casino proposals till September.

It is said that a new bill by Menendez would help quicken the approval, if the Senate bill can be forwarded more quickly than its House counterpart has. If both bills can reach chamber floors and pass a vote before the winter break, then only reaching compromise on differences in the bills would need to be addressed.

For some reason the anti-gambling groups seem to be taking a delaying strategy, not being sure of the results if a vote were allowed to occur.

The UIGEA ban on payment processing for online gambling is facing severe judicial and political attack as well as the legislative measures. Officials from the European Union have demanded it be dropped, and a court challenge is ongoing before the US Third Circuit Court of Appeals.

US Online Poker Players Are Cautious

The recent action taken by the US attorney officials to ban Internet poker gambling casinos as well as the regulations of the US Unlawful Internet Gambling Enforcement Act seems to be sidelined or either not taken notice of by poker players. However there has been massive media coverage with respect to the issue and it is strange as to how American poker players are not aware of the matter.

A study of players by the online gambling group Betfair discovered that only some 35 percent of players, who were surveyed, are aware of the freeze by the US Attorney office. It was also found that only 42 percent of US players and 31 percent of British players knew of the activities of the New York US Attorney’s office which involved the recent seizure of player’s money from their bank accounts.

Among the 88 percent of those who were aware of situation admitted their concern for their own bank accounts being seized similarly and 76 percent of this statistic as a result shifted to other poker sites.
The findings by Betfair were based on a survey sample of 1000 poker players who were approached early in July 2009.

The respondents who were questioned about the impact of the international financial crisis and resulting recession on their playing activities confirmed that it had had a dampening effect. Among the sample 52 percent of US players and 48 percent of British respondents said that the amount of online poker they had played in 2009 had decreased as opposed to 2008.

According to the survey conducted by Betfair, the poker executive Richard Bloch said:  “This research demonstrates that there are other factors which consumers are taking into account when it comes to choosing their preferred place to play poker online. It’s no use having funds in your account if a government is going to seize them – and consumers are obviously aware of that.”

PPA Poker Petition Over 300,000 Signatures

The Poker Players Alliance petition for the legalization and regulation of online poker has reached 300,000 signatures and its aiming for half-million before the petition is handed to President Barack Obama. The PPA is now just a few days away from the National Poker Week, during which PPA’s State Directors and other seniors will be meeting Congressmen.

This petition is significant because it will be given to the nation’s Commander in Chief. The Executive Director of PPA John Pappas told PocketFives.com, “We are thrilled by the active participation of the poker community. 300,000 voices are hard to ignore, but 500,000 will be even harder. We need every poker player to encourage their friends and family to sign the petition this week so we can get to a half-million signatures to present to President Obama.”

The petition begins with; “I am a voter and a fellow poker player asking for your support of my right to play games of skill like poker on the internet.” The legislation to legalize and regulate the game has been introduced by Congressman Barney Frank and is currently at the House Financial Services Committee. The legislation has 42 co-sponsors and was introduced on May 6th. The bill states that online should not be legalized and this includes online casino games according to Professional and Amateur Sports Protection Act although it allows fantasy sports games.

The petition also mentioned that the legalization of online poker was the top technology issue in the Citizen’s Briefing Book. The Book offered concerned citizens to voice their opinion as to what policies they’d like from the new administration. Al large number of poker players went ahead with this book.

Some of the people participating in a special charity tournament are Montel Williams, Annie Duke, Howard Lederer, and Linda Johnson. This tournament is benefiting the USO of Metropolitan Washington. The PPA will also be making a donation. The poker tournament is free to enter and features $100 rebuys. It is invitation-only and will be held at the Hyatt Regency Capitol Hill.

PocketFives.com will be in Washington DC as an official sponsor, during the fly-in reporting on the latest from the Grand National Poker Week.

Barney Frank says Online Gambling a Right

Be it online poker or any other form of gambling, it is surely going through a hard time. Not very long ago Online Poker had been criticized for being unlawful, by the government and this had created havoc in the world of online gambling and poker.

Recently at the World Series of Poker event held in Las Vegas, Barney Frank (D-MA) made a special appearance and delivered a hopeful message to over 1,700 poker players. Barney Frank being the Critic of military spending, protector of the environment and legislative leader on behalf of home owners across the United States supported concerned poker fans. Barney Frank is one of online gambling and online pokers supreme advocates in Congress. He has sponsored two bills relating to online gambling, legalization of, and regulating the industry.

Representative Barney Frank positively reinforced poker players all over especially with the recent gambling scandals going on. According to him online poker and online gambling are rights that need to be protected. He also spread his optimism that he will be able to succeed in getting a bill that would legalize and regulate Internet gambling passed by next year.

In the defense of poker fans he says that ‘What you want to do with your own money is your own business.”

The powerful Congress member is bent on fighting against the current ban on online gambling. Two bills sponsored by him namely- HR2266 and HR2267 – aim to legalize online poker and delay UIGEA regulations from taking effect by one year.

HR2266 and HR2267 both are seeing an increase in support and the number of co-sponsors. HR2266 currently has 23 co-sponsors over two months, and is designed to delay compliance with UIGEA regulations for one year. HR2267 deals with the regulating and licensing online poker.

Both pieces of legislation are currently with the House Financial Services Committee, but have not been scheduled for markup as yet. In the overall hopeful message by the representative he added that his bills will pass by next year.

With representatives like Barney Frank who knows when the critics may change their mind and let the online poker league continue at its will.

Online Poker Advocates Claim Seizure of Accounts

In the midst of the internet gambling scandal the government has frozen more than $30 million in payouts affecting thousands of players.

The Poker Players Alliance released a statement on Tuesday claiming that the U.S. attorney for the Southern District of New York instructed four banks to freeze accounts belonging to online payment processors. John Pappas, the group’s executive director, claims the frozen accounts contain funds owed to 27,000 players who used offshore poker Web sites.

According to the Associated Press, in a letter dated Friday and faxed to Alliance Bank of Arizona, the prosecutor alleged that accounts held by payment processor Allied Systems Inc. were subject to apprehension and penalty “because they constitute property involved in money laundering transactions and illegal gambling offenses,”. The letter was seemingly signed by Arlo Devlin-Brown, the assistant U.S. attorney for the Southern District of New York.

The New York Times states that Representatives for Citibank and Wells Fargo confirmed to them that the banks have frozen funds at the request of federal prosecutors. Any comment to Post Investigations was declined by a spokesperson for the Southern District Attorney of New York, mentioning a policy “never to confirm or deny the existence of an investigation.” The Department of Justice also refused to comment.

The sudden freeze is the latest development in the long-running debate over the legal status of online poker in the United States. In April 2009, the operations of PartyGaming Plc were effectively shut down U.S. by the same U.S. attorney’s office. PartyGaming was one of the largest online poker sites in the U.S. before the President Bush signed the Unlawful Internet Gambling Enforcement Act of 2006. The measure forbids online gamblers from using credit cards, checks and electronic fund transfers to place and settle bets.

During the whole battle for gambling online poker advocates have pushed the federal government to license and regulate online gambling, arguing that U.S. players are being lead into unregulated offshore poker sites.

Barney Frank Legal Online Poker Bill Delayed

In the world of online poker and gambling, much to everyone’s dismay the long awaited anti-UIGEA bill by Barney Frank’ has been delayed. Internet poker players in the U.S. and online gambling companies around the world are still recovering from the news. However Bill Frank being the head of the U.S. House Financial Services Committee needs to focus on issues apart from online gambling especially with the economic crisis at its peak. Representatives have assured that the bill will likely face a hearing no earlier than September.

Frank introduced the Internet Gambling Regulation Consumer Protection & Enforcement Act after he had come up with certain measures in order for America to fight its way through the recession. Since he had devoted time and effort to the financial aspect people felt that now there would be more concentration on revoking the UIGEA. However had the financial situation improved this would then have been possible.

The bill had been picking up steam in Washington, having amassed over 35 co-sponsors in the last few months. Supporters will be hoping that political enthusiasm for the return of online gambling remains healthy during the delay. The bill’s chances were also aided by the U.S. government’s unpopular decision to seize $30 million worth of online poker funds owed to American players.

A number of online poker companies who withdrew from the U.S. following the introduction of the UIGEA had been hoping to return. Organizations such as PartyPoker have been dealing with law suits and setting up a secure and lawful move into to the American market. This impede is sure to impact upon their financial predictions, also disappointing thousands of loyal poker players and fans who are waiting to return to their online gaming.

The ban online gambling is also under attack from overseas. The EU recently completed a report which concluded that the U.S. has unjustly discriminated against European companies by restricting their access to the U.S. market. The report further stated that the case could be taken to the World Trade Organization, however it is believed that the EU would look to parley an agreement before resorting to the WTO.