When Alan Meltzer passed away last October, he left behind $1 million in his will to his chauffeur and another $500,000 to the doorman of his building. An entrepreneurial success story, Meltzer built his fortune in the music business and gained fame in the poker world when he appeared on Season 5 of High Stakes [...]
As the national political scene heats up, the governors of both New York and Kentucky are considering an expansion to the gambling laws in their states.
With the recent developments of the Department of Justice’s clarification of the 1961 Wire Act and the pending poker legalization bill by Senator Joe Barton, it appears that the glory days of poker will soon return. But two experts believe that things will be much murkier, and may even get worse from this point onward. [...]
Late last week, the Nevada Gaming Commission officially approved Regulation 5A in a unanimous 4-0 vote. This regulation sets the rules and framework for online poker within the state of Nevada, including licensing requirements. The Las Vegas Review-Journal estimates that “some sites could be up and running by the end of 2012.” Nevada is the [...]
On Friday the Department of Justice issued a legal opinion which states that the Federal Wire Act of 1961 is only applicable to the prohibition of sports betting across state lines. Up until now, the Wire Act has been one of the many hurdles in the way of legalized online poker in the United States. The [...]
According to a recent ruling by the U.S. Justice Department, online poker may have been legal all along. The DOJ’s Office of Legal Council (OLC) has re-examined the wording of 1961′s Federal Wire Act, the law which, up until now, has stifled the existence of inter-state gambling.
Come January 1st 2012, 38 websites/operators will be the first to provide legal online gambling to residents of Denmark. The Danish “orderly” regulatory framework will have each operator pay a 20% tax on their gross income. Pokerstars, 888 Poker, Betfair and Unibet are among those who managed to secure a license. Danish minister of taxation [...]
Congressman Joe Barton (R-TX) spoke optimistically about the future of online poker in the United States last week at the Digital Gaming and Lottery Policy Summit. Barton believes that acting swiftly and decisively is the way to go. He was quoted as saying that “the bottom line is we want to get to it as [...]