IF youre online right now go listen
Members Hear About Status of Online Gaming | C-SPAN
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IF youre online right now go listen
Members Hear About Status of Online Gaming | C-SPAN
Saying american lost 16 billion and that all this money was on offshore sites with no regulations and of course taxes and all that comes up,
also the lady who opened the hearing, tried to make it sound like a texas hold em hand using a bunch of terms
dude tries to compare a bad gambler who maxs out credit cards and has to file for bankruptcy or turn to crime to help their habit, so we need safeguards in place, THIS IS GOING WRONG QUICK
They want to make sure games are fair and truly randomized tey bring 100s of millions of new revenues for states could be made though if this passes
MORE AS I HEAR IT
I think THE WHOLE THING WILL BE LEFT UP its over 2 hours long
I lost internet connection and it started over so HERE IS THE BEGINNING OF THE FUTURE FOR AMERICA and it sounds like the main concerns were bots, huds and cheating more than anything else
WOW THIS IS GOING TO BE UNFUN Regulated if all this passes
UNregulated OFF SHORE (notice these terms keep coming up) and the money is untaxed
The want everyone to have equal chance to win playing with same skill level
THIS IS BARTON TALKING from Texas barton is giving it a state option so if they make it regulated, states can opt out.
Barton brings up about a friend being able to deposit on BODOG right now so he goes on bout people are playing for money right now but its GUESS WHAT UNREGULATED AND OFF SHORE
SOme dude from OLSON is saying that legalize online poker will hurt casinos and somehow Horse racing got brought up into all this and that it will take away from the KY Horse racing industry (HEY ISNT KY one of the states that cant play online poker from befroe If so cause of horse racing)
Some PPA dude is telling us that online poker has not gone away it just going under the radar with no regulation or tazxaition and are scruptulous and doesnt safe guard the public
They must of used some govt organization credit card to open the account at BODOG so they are saying that their is no young people protection (this is a PPA guy) he says they have age verifiactation, no unscruptolous poker site owners to take the money and run and he brings up FULL TILT POKER peopel took poker players money that was suppose to seperated and paid it out as dividends to the the poker site and goes on to talk about a terrible betrayal
ONLINE Poker was the third most watched sport on TV, how do you make the dead beat dad not be a problem, states can post about dead beats dads so they wont come on the sites ( I DUNNO Im missing some of this )
People should have the option to play poker without having to goto a casino as everyone doesnt have access to one, UEIGA may have been well inteneded but missed it mark
SOme lady from FAIRPLAY USA is now talking,
SHe is also talking about protecting our kids. She has talked to people who have won online and never got their money. She said many people dont understand what online poker is or the issue. She brings up how regulating will make online safe as brick and morter. She wants more and more safeguards up, millions gambling billions with no protection at all and says when these people get ripped off they have no where to go.
SOme girl who was 16 was able to use her credit card to fund a site even when the site called they still funded her site, THE AGE THING KEEPS COMING UP (BODOG AGAIN)
MR STEPHENS - is now up he starts with the constitution about the history of tribal sovernities and how they decided to fund their tribes with gaming level TRIBAL FEDERAL and STATE. This dude is going over a way to summarize about the tribal nations and all that
Keith White (some dude to deal with problem gambling) they are neutral on legalization they want to make efforts to protect consumbers from gabmling addiction and that money needs to be set aside to address this issue if leaglized
Unlike Tobacco alcohol (Excuse all typos IM speed typing) No money is set aside right now to help gambling addiction- MOST VULNERABLE Ethnic groups VETS and YOUNG MALES - he talks about the social cost to families is over 7 billion a year with troubles and bankruptcies and arrest. The rates of participation of online sites to help gambling problems is nothing. People who play online may be exacerbating their problems with online poker WE NEED EXTENSIVE NEW POLICIES to inform consumer and encourage safe choice and discouargae unsafe behaviors (WOW THATS A TONGUE TWISTER)
Strong regualtion is improtant but must be accompanied by lots of money for addiction problems
DONT JUMP ME SB IM JUST trying to SUMMERIZE somewhat what is being said
Even though gambling been around for every HR2334 would be the lead agency to help problem gamblers
THIS GUY AGENDA IS ONE THING MORE MONEY FOR HIS PROGRAMS GET THIS
His buddy lost 250K in one year gambling then lost his house and had to go bankruptcy and sat outside his local grocery store parking lot contemplating suicide (LAYING IT ON THICK HERE ) fortunelty that guy got treatment SIMPLY PUT TREATMENT WORKS an investment that repays itself over and over
WOW EVERYONE HAS AN AGENDA
Proff Eggber is going on about consumer protection is the most important thing with online gambling
WHAT consumer protections should be in place
Gamblers used to be looked down on but now they are just like consumers of anyting and that consumers need tools to make decisiont o purchase, protect them from shark pratices, consumers drive it and as long as info in avialble companies will have to compete on quality of product and price
Gambling is honesty fairness and make sure you get paid, but equally the industry give proper price disclosure Casinos know exactly what the whole % is like slot machines and know what the machine will cost that info is not disclosed to gamblers, they could be sitting at a 2% table or 15% table and not know this
ANy internet suite should disclose every fee there is, for Ipoker its different the price is based on competition rather than setting ont he site.
THIS WILL BE THE BIG ONE
PRO ONLINE pokers have more tools than the average consumer with HUDS BOTs so recreational players may be against people far outside their ability, even poker tracking software so sharks can follow weak players from table to table and proposes a real problem with online poker - He wants an even playing field on internet poker
The next guy DR ??? is all concerned about young males college age and younger from losing control while playing online poker. He wants all sorts of safeguards in any regulations. They want research to see if all this will work He said Eurpoe and the uK are way ahead in research. Laws should have a win loss total online, a stop clock, but it will take years of researches to know this
We need prevention ads on sites and dont want ads that target young males or addicts. IF you do leaglaize youll have to have research program (ANOTHER AGENDA) and how will this activity not harm people and their families
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