American Gaming Association (AGA) to Propose Online Poker Bill
13 July 2011
The American Gaming Association (AGA) publically showed a cool response to Rep. Joe Barton (R-TX) federal online poker bill last week. In an address last week AGA chief Frank Fahrenkopf said his group was “not opposing [Barton’s bill], but we are not supporting it.” He said the AGA would throw its entire wait into a mystery bill.
Fahrenkopf then said this mystery bill would differ from Barton’s proposal mainly in the way states are involved. In the mystery bill, states would have to opt in and regulation and licensing would be delegated to “those states that have the longest history in gaming regulation, that have the law enforcement on staff and the financial wherewithal to do tough regulation. Probably, that only means Nevada and New Jersey.”
How could the AGA know so much about this mystery bill? Now we know, Fahrenkopf in a speech yesterday at the Gaming Executive Summit in Madrid, Spain, announced the AGA will submit its own version of an online poker bill. The bill will come this fall and will exclusively deal with poker. Fahrenkopf also said that the AGA will not support the Barton Bill or any of those submitted before it.
Other than what was said earlier last week by Fahrenkopf above, other things we now know about the AGA bill is that it will not carry a federal tax.
“Taxes would be divided between the states where the bettor is, with the state where the regulator is,” said Fahrenkopf. “The federal government would only receive the income tax on winnings.”
Participation in gambling will not be automatic either. Each state will have to get approval and take action to let their state residents gamble. Fahrenkopf also doesn’t think individual states should organize and regulate online poker and suggests a “penalty box” for companies that have been charged with illegally operating Internet poker.
It seems since the U.S. Government has cleared the way in the U.S. online poker industry, people are coming out from all sides wanting to be the ones that propose how we regulate it. You just have to wonder where these people were when U.S. online poker players needed them the most.
16 November 2015The AGA Has Taken a Position on Daily Fantasy Sports Regulations
The American Gaming Association has had what some would consider a questionable history when it comes to supporting online gambling in the United States. Because their primary backers are those involved with land-based gambling, it's hard to know exactly where their motives lie when they make statements about the online sector, and this includes daily fantasy sports. They've made some statements about DFS, and it seems like they're wanting to use it as leverage to expand sports betting.Read full article
17 September 2015Playtech's Teddy Sagi Strong on Israel Wealth List
In the online gambling world, Teddy Sagi is a big name when it comes to the business side of things. He has had strong ties with Playtech for a very long time, and he is currently their principle shareholder. Sagi is known for making a lot of major deals in different industries, and his deals so far this year have seen him almost double his net worth. This has shot him up on the list of the most wealthy individuals in Israel, and he is currently in the number six spot on the list.Read full article
23 July 2015Casino Saga to Become Casino Heroes After Name Request
In the online gaming world, a name can mean everything. We've seen tons of situations in the past of lawsuits over one company using a name that's too similar to that of a competitor, and we've recently seen another potential lawsuit be sidestepped by Casino Saga. King is the owner of Candy Crush Saga, and they requested that Casino Saga change their name to avoid a lawsuit over the branding. Casino Saga has agreed to change their name. Upcoming RebrandingRead full article