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General13 years agoGosu "GosuGamers" Gamers

American Gaming Association To Launch Federal Online Poker Bill

Frank Fahrenkopf, CEO of the American Gaming Association, announced in Washington yesterday that the AGA will help introduce legislation representing the land based casinos to return online poker to a fully legislated and regulated status. The bill will likely be a combination of inter and intra-state concepts to appease the various powerful lobbies involved in the gambling arena.

Present at the Washington D.C press conference that Fahrenkopf spoke at were Keith Smith, president of Boyd Gaming; Gordon Kanofsky, CEO of Ameristar Casinos; and Virginia McDowell, president of Isle of Capri Casinos.

Thursday, a lunch meeting was planned between the AGA, casino heads and Senate Majority Leader Harry Reid (D-NV) and top Democratic leaders to discuss the bill and a host of online gambling matters.

Ceasars Entertainment capitalized on the SEC filing news of their $147 million loss over the last three months as further evidence that the U.S. government needs to tackle the online poker legislation to add jobs and bring back to the U.S. needed gaming revenue to help the ailing casino industry.

Gary Loveman, CEO of Caesars Entertainment which owns the WSOP stated:
“Finally, we believe strongly that the recent federal indictments of illegal online poker operators should convince Congress to allow American citizens to play online poker and to allow American companies to compete in a multi-billion-dollar industry.

By acting now to legalize a game enjoyed by millions of adult citizens, Congress can clarify ambiguous federal laws, generate tax revenues for federal and state governments and bring thousands of jobs to this country.”

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