AGA says online poker is "safe bet"
25 October 2011
(PRESS RELEASE) -- Below is a statement from Frank J. Fahrenkopf, Jr., president and CEO of the American Gaming Association regarding today’s Commerce, Manufacturing and Trade Subcommittee hearing entitled “Internet Gaming: Is There a Safe Bet?”
“Today’s hearing on Internet gambling made it abundantly clear that the “safe bet” is to allow states, following federal guidelines, to license and regulate online poker. Such action would protect U.S. consumers, keep children from gambling on the Internet, and provide the tools law enforcement needs to shut down illegal Internet gambling operators. It would also create new jobs and tax revenue at a time when our country sorely needs both.
“Testimony heard today and other testimony presented in writing, such as ours, demonstrates that new technology and processes used in ecommerce have been successfully adapted in jurisdictions where Internet gambling is legal, such as Great Britain, France, Italy and provinces in Canada, to keep minors from betting online and prevent illegal activities, such as money laundering and fraud.
“The subcommittee today heard clear evidence that millions of U.S. residents who play online are being put at risk because they are playing illegally with companies that are poorly regulated and, in the vast majority of the cases, outside the reach of U.S. law enforcement. The only way to protect U.S. consumers and ensure that minors aren’t gambling on the Internet is to allow the states to license and regulate the online poker.
“We support state licensing and regulation, following federal guidelines, on online poker because it is substantially different than other forms of gaming. First..........
Read Entire Article HERE
25 October 2011
(PRESS RELEASE) -- Below is a statement from Frank J. Fahrenkopf, Jr., president and CEO of the American Gaming Association regarding today’s Commerce, Manufacturing and Trade Subcommittee hearing entitled “Internet Gaming: Is There a Safe Bet?”
“Today’s hearing on Internet gambling made it abundantly clear that the “safe bet” is to allow states, following federal guidelines, to license and regulate online poker. Such action would protect U.S. consumers, keep children from gambling on the Internet, and provide the tools law enforcement needs to shut down illegal Internet gambling operators. It would also create new jobs and tax revenue at a time when our country sorely needs both.
“Testimony heard today and other testimony presented in writing, such as ours, demonstrates that new technology and processes used in ecommerce have been successfully adapted in jurisdictions where Internet gambling is legal, such as Great Britain, France, Italy and provinces in Canada, to keep minors from betting online and prevent illegal activities, such as money laundering and fraud.
“The subcommittee today heard clear evidence that millions of U.S. residents who play online are being put at risk because they are playing illegally with companies that are poorly regulated and, in the vast majority of the cases, outside the reach of U.S. law enforcement. The only way to protect U.S. consumers and ensure that minors aren’t gambling on the Internet is to allow the states to license and regulate the online poker.
“We support state licensing and regulation, following federal guidelines, on online poker because it is substantially different than other forms of gaming. First..........
Read Entire Article HERE
