BOLCEREK = "ONLINE GAMBLING COULD ROLL IN BIG PAYOFF"
21 July 2006
President, Poker Players Alliance
As USA TODAY properly noted in its editorial on Internet gambling, prohibitions don’t work (“How to counter online bets,” Editorial, Monday).
Legislation passed by the U.S. House of Representatives that seeks to ban online poker and other forms of Internet gambling, while making exceptions for horse racing and online lotteries, will not effectively deter youth gambling or prevent compulsive gambling. In fact, such an approach would only exacerbate these problems.
Whether Americans deem 18 or 21 as the appropriate age to gamble varies from state to state, making federal licensing and industry regulation in the USA the only way to enforce a single standard. Technologies to enforce age compliance are commercially viable, and they’re capable of restricting poker on the Internet to the appropriate age.
In addition, taxing online poker can raise significant revenue. An economic analysis commissioned by our organization revealed that if the government were to regulate and tax the Internet poker industry, it has the potential to raise more than $3.3 billion in annual revenue for the federal government and $1 billion more for state coffers. Some of this money could be wisely spent on public education about the dangers of youth gambling and programs to treat problem gamblers.
No matter how you feel about Internet gambling, or the appropriate age for gambling, the most reasonable way to address concerns is through regulation, not prohibition.
Michael Bolcerek, president
Poker Players Alliance
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
29 May 2006Politics of US gambling makes for odd bedfellows
Politics of US gambling makes for odd bedfellows By Edward Alden in Washington Published: May 26 2006 22:36 | Last updated: May 26 2006 22:36 Financial Times Of the 50 states in the US, in only two – Utah and Hawaii – is it impossible to find a place to gamble legally. Casinos dot America’s landscape, from the neon palaces of Las Vegas to some 400 more modest facilities on Indian reservations.Read full article
27 June 2006New state online gambling law raises doubts
Monday, June 26, 2006 Seattle Post-Intelligencer / seattlepi.com New state online gambling law raises doubts Some legal experts say it’s too broad to hold up in court By BLYTHE LAWRENCE AND TRACY JOHNSON P-I REPORTERS Weeks after a new state law about online gambling took effect, some legal experts are questioning whether it would hold up in court. The new law echoes a federal law that already makes Internet gambling illegal and upped the crime to a felony.Read full article