Barney Frank

Barney Frank Talks About Online Gambling Ban With Lou Dobbs

Barney Frank's UIGEA-repealing bill that is being supported by Harrah's and will bring in more than $50 billion in revenue to the US government and most importantly stimulate our own economy by bringing the donk-laden PartyPoker back to US soil is garnering decent media attention, including a mention on CNN's Lou Dobbs Wednesday. Watch what Franks had to say above or here.

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Harrah's Backing Barney Frank Bill

Barney_frank Rep. Barney Frank (D-Mass.) introduced his only reason why we're still doing this site anti-UIGEA bill at a press conference this morning.

Frank's bill estimates over $63 billion in revenues for the government if it regulated online gaming over the next 10 years. Interestingly, Harrah's Entertainment is also backing the bill, which probably has everything nothing to do with the "maybe" hiring of ex-Party CEO Mitch Garber.

We'll post a video from the press conference if/when it becomes available (readers, please send link if you find it). In the meantime, read about Harrah's backing of the bill here and the press release on today's press conference here.

UPDATE: Good recap of the bill by Bluff here.

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Barney Frank to Continue Push for Online Gambling Legalization

Barney_frank Rep. Barney Frank (D-Mass) will continue to keep online gambling legalization on the front-burner of his economic agenda.

On Tuesday morning Frank, who chairs the U.S. House Financial Services Committee, outlined said agenda for the first few months of the year. Re: the online gambling aspect of his agenda, Frank told G911's Jenny Woo:

"I think if we do this right we should make online gaming legal and subject it to a reasonable taxation like anything else," he said.  "This does not conflict to our effort to stimulate the economy.  This isn't bad for the economy."

If this actually gets pushed through, expect the floodgates to open. Sure, we'll see the likes of donk-laden sites like Party Poker re-enter the market, but expect the brick-and-mortar casinos, as well as some web entry points (AOL? Yahoo!) step in too. Good times for all.

Read more here.

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Joe Biden's Son Resigns as Lobbyist for Party Gaming Founder Russ DeLeon

Interesting flash from Poker News today on Democratic VEEP nominee Joe Biden's son, Hunter Biden:

The son of Democratic Vice Presidential nominee Joe Biden has announced that he's leaving the lobbying business, as of now. Hunter Biden, the son of the Delaware senator, was a registered lobbyist for nine firms; six of the nine were universities, according to a Wall Street Journal report, but among the others was a deal of interest to online poker. Biden's firm, Oldaker, Biden and Belair, was a registered lobbyist for Russ DeLeon, one of the primary founders of PartyGaming (the parent of PartyPoker). Biden signed on in June to represent DeLeon's (and presumably Party's) interests in Congress, and collected $50,000 for his work prior to June 30. Later figures have not yet been released.

Wonder if Hunter ever got to meet A. Dikshit or two while we worked for DeLeon?

Most would agree that a Dem election wouldn't hurt the chances for an online poker carve-out as much as a McCain-VPILF victory, and this would go to prove that unsubstantiated hypothesis one step further. Read more about Hunter resigning here.

In related news, last week U.S. American Congressman Barney Frank (D-MA) introduced the "Payment Systems Protection Act of 2008." The Act:

"...will attempt to prohibit the two US federal agencies responsible for implementing the UIGEA (the Department of the Treasury and the Financial Reserve Board), from extending the UIGEA's reach beyond those areas specifically outlawed under previous federal code, such as sports wagering.

Frank's HR 6870 also calls for the suspension of current UIGEA code until an administrative law judge (to be appointed if the law were to pass) works with the Treasury and Federal Reserve to develop and implement workable regulations."

Read more here. In unrelated news, for a hot girl eating a red, white, and blue firecracker ice pop, go here.

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Barney Frank Introduces Bill to Legalize Online Gambling

U.S. House Financial Services Committee Chairman Barney Frank (D-MA) introduced this morning the "Internet Gambling Regulation and Enforcement Act of 2007," a bill that would effectively repeal the UIGEA by creating an exemption to the ban on online gambling for properly licensed operators, thus allowing Americans to lawfully bet online.

Jennywoo5As we reported two weeks ago, there is no carve out for poker, as Franks sees no need to "draw a distinction between poker and blackjack" in his efforts to undo the "preposterous" UIGEA.

According to, the Financial Services Committee will hold a hearing entitled, “Can Internet gambling be regulated to protect consumers and the payments system?” at a date to be determined in June.

For a Q+A about the Internet Gambling Regulation and Enforcement Act of 2007, including info on consumer protections and license requirements, click here.

For a link to a link to a link of the scandalous solo-riffic sex tape erotic educational video of G911's Jenny Woo (seen in photo pledging allegiance to Wicked Chops Poker), go here and scroll down to the first comment.

UPDATE: Relevant links off the House Committee on Financial Services website (all PDFs):




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