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    QuadJacks Daily News Update | Monday, November 14, 2011

    Posted by Quad Jacks March 14, 2012

    MONDAY, NOVEMBER 14, 2011

    Congressional subcommittee hearing scheduled for this Friday, Fahrenkopf will testify: The time and location of Friday’s highly anticipated Internet poker Congressional hearing have been specified. The House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing, and Trade has scheduled a hearing for Friday, November 18, 2011, at 9:00 a.m. in room 2123 of the Rayburn House Office Building. This hearing will be entitled “Internet Gaming: Regulating in an Online World.” This hearing will take place the day after another Internet poker hearing in Congress, held by Indian Senate Affairs committee.

    The witness list is yet to be determined, but the American Gaming Association has confirmed that their President/CEO Frank Fahrenkopf Jr. will attend and testify at the hearing. QuadJacks Poker Radio will be dutifully covering the meaning and impact of this hearing, and will be joined by several panelists of relevance later this week, including Chris Krafcik, Rich Muny, Gautham Nagesh, and Howard Stutz, among others.
    Sources: House Energy and Commerce Committee, American Gaming Association

    Nevada to begin taking online poker license applications in February, according to Vegasinc.com: After the passage of favorably laws by the state legislature earlier this year, the Nevada Gaming Control Board is to begin reviewing applications to license intrastate online poker play in February. The website Vegasinc. quotes NGCB Chairman Mark Lipparelli as having told this to industry professionals attending the two-day U.S. Online Gaming Law conference at Aria last Thursday. Lipparelli reportedly added that the process should be quicker for companies already holding other licenses in Nevada. Presently unlicensed companies would be eligible as well, but the investigation and licensing process would take longer.

    As noted in the article, the UIGEA, while prohibiting online payment processing for gambling companies at the federal level, does not forbid intrastate online gaming. The governor of Nevada, Brian Sandoval, who has already announced his plans to revive the Gaming Policy Committee, has authored an editorial in Nevada Appeal, arguing for the need to preserve the state’s dominance in international gaming leadership.
    Sources: Vegas Inc, Nevada Appeal, Las Vegas Review Journal

    European Parliament will review online gambling report this week: After asking for and receiving commentary on the issue by concerned parties, such as 888, Betfair and PokerStrategy.com, the European Union is set to vote in favor of more coordinated EU-wide online gaming regulation. Today the EU Parliament in Strasbourg will hear a short presentation on a recent green paper, On Online Gambling in The Internal Market, presented by MEP Jürgen Creutzmann. The “harmonization” of EU gambling law called for in the report has already received widespread support across the Parliament.
    Sources: Poker Update, Pokerfuse

    Efforts to install UIGEA-like limitations in Australia rebuked by nations’s banks and Visa: Australian Senator and staunch gambling opponent Senator Nick Xenophon is trying to restrict financial transactions on prohibited internet gambling sites by trying to block payments made to internet gambling websites, but he is facing protests by Australian banks and the credit card company Visa. The chief executive of the Australian Bankers’ Association, Steven Munchenberg, argues that, ”If Australia was identified as a jurisdiction where payment obligations may not be fulfilled in a certain and timely manner, it is possible that merchants and online service providers will refuse to accept business and payments from customers designated as originating from Australia. This would have a significant impact on the contestability of Australian businesses as well as the ability for Australian consumers to purchase online goods and services.”
    Sources: The Sydney Morning Herald

    QuadJacks – Monday, November 14, 2011

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