The Financial Times is reporting that US Senator Congressman Barney Frank is working to overturn the UIGEA. Of course, you have to be a subscriber to read it on the FT site so I waited patiently for the news to show up elsewhere. Then eGaming Review posted that they saw the story on FT and even confirmed it with Frank’s office.
Frank is quoted as describing last autumn’s Act as one of the “stupidest laws” ever passed and adds: “I am working on legislation to cut back on this internet gambling thing… I think it’s preposterous”.
There really aren’t any details other than he’s joined the fight on our side. No specifics. No timelines. Nada. Even so, I’ll take it as one small piece of good news in what’s been a sea of crappy news.
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Hi, my name is Bill Rini and this is my poker blog. I've been blogging about poker and the poker industry since around 2003-ish. Like most people I started out playing poker as entertainment in home games whenever we wanted to sit around and smoke cigars, drink beer, and eat pizza, and needed a good excuse. I started playing online shortly after the first online card rooms opened and it wasn't long before I was playing 20, 30, or even 40 hours a week or more. One day I received a phone call about a program manager position at Tiltware which was the company that consulted to Full Tilt Poker on software development and marketing. After Tiltware I spent about 2.5 years working at Party Poker where I was the poker room manager.
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Just FYI in case you aren’t a political geek (and judging by the fact you called him a Senator and not a Representative-he’s a member of the House…), Frank isn’t some backbencher, he’s chair of the House Financial Services Committee and is well placed to make something like this happen.
Unfortunately the good news maybe short lived because the idea that he and I hold the same position on any issue maybe a sign of the apocalypse.
Either way it’s a very interesting development.
How long have you been out of the country? Frank is a member of the House, not the Senate! He’s also the chairman of the House Financial Services Committee, which would make him a very good guy to have in our corner.
Too long obviously :-)
You know the funny part? I was on his House website before posting this and still managed to f it up.