Sunday, April 13, 2008

Poker Stars - New bill seeks to restrict UIGEA

New bill seeks to restrict UIGEA

H.R. 5767 would prohibit the Department of Treasury and Federal Reserve System from proposing, prescribing or implementing any regulations related to the current ban on Internet gambling, as required by the UIGEA.

"These regulations are impossible to implement without placing a significant burden on the payments system and financial institutions," said Frank in a statement on Friday.

The controversial UIGEA was passed way back in October of 2006 as a part of the SAFE port act. Detractors say the act is not only impossible to enforce but the government is missing out billions of dollars of tax revenue if the industry was regulated by the U.S. government.

Paul took issue with two main points of the online gambling bill: 1. Americans should have the ability to do with their as they see fit and 2. The government should not interfere with the internet.

"This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own," Paul said in a statement.

H.R. 5767 already has allies including the Safe and Secure Internet Gambling Initiative (SSIGI) which works to protect the rights of individuals who wish to gamble online while ensuring there are proper safeguards in place.

"The Frank-Paul bill would stop the U.S. government from taking any further steps on regulations that would require all of the country's financial institions to block Internet Gambling payments," said SSIGI spokesman Jeff Sandman. "It's a bold move, but a necessary one, in light of the warnings from the Treasury and Federal Reserve that they did not know how to write regulations to solve the problems created by UIGEA."

Frank has already introduced a bill title the Internet Gambling Regulations and Enforcement Act (H.R. 2046) that would essentially repeal UIGEA. The bill already has 48 co-sponsors.

"I want to get it undone," said Frank in regard to UIGEA. "If an adult in this country, with his or her own money, wants to engage in an activity that harms no one, how dare we prohibit it? Adults are entitled to do with their own money what they want."

Related Articles:

 


Visit PokerListings.com

Carli comes close in Event 9 at WSOPC Indiana

Carli managed to finish fourth at Event 8 earlier this week but beat that accomplishment the very next day by finishing second at Event 9. It was the third final table for Carli at the WSOPC Caesars Indiana. At this rate Carli must be wishing the event series would never end.

Two players that would likely agree with Carli are Robby Frank, who actually won Event 9, and Brett Henthorn, who took down Event 10.

Here's a look at how each event played out:

Event 9, $500+$50 ½ No-Limit Hold'em, ½ Pot-Limit Omaha

Exactly 100 players came out to play in this hybrid poker variant that features half the action No-Limit Hold'em and the other half Pot-Limit Hold'em.

Insurance Firm owner Robbie Frank came to the final table of Event 9 with a commanding chip lead that saw him holding $142,000 of the $350,000 chips in play.

Incredibly Carli came to the final table with only $7,500 but managed to battle his way back into the game.

For a period of time at the final table it looked like the crowd was in for a terrific upset as Frank saw his gigantic chip lead diminish to almost nothing but instead Frank stayed calm and managed to regain the chip lead by the 65th hand.

By heads-up time Frank had the chip lead over Carli but with one quick double up the landscape could change dramatically. Instead the final hand saw Carli call all-in with A-AJ-7 to Frank's K-K-10-6. The board came K-J-4-8-Q and that was enough to seal the deal for Frank.

Despite Carli not winning he did increase his record-holding number of Circuit cashes to 28.

Here's a look at the complete final table payouts:

Player:
Prize:
1. Robbie Frank
$14,045
2. Doug Carli
$7,370
3. Russ Merrill
$4,335
4. Donnie Godsey
$3,468
5. Steve Mitchell
$2,601
6. Jason Song
$2,167
7. Mark Dreshaj
$1,734
8. Thomas McGrath
$1,300
9. Eric Dam
$867

Event 10, $300+$30 No Limit Hold'em

As expected Event 10 $300+$30 No-Limit Hold'em proved to be one of the most popular events of the 2008 WSOPC Caesars Indiana. A total of 364 players came out to get their hands dirty in No-Limit Hold'em action.

The story of the tournament was Brett Henthorn, who came to the final table with a commanding chip lead and proceeded to crush the final table, knocking out six of his eight opponents.

Henthorn is a student who was taking a brief break from his studies to play some cards at Caesars Indiana. He met Dennis Schroeder in heads-up play and in the final hand made a straight to get the checkmark.

Henthorn received $31,240 but mentioned he's not even going to be thinking about poker over the next couple of months as he will be focused on school.

Here's a look at the final table payouts:

Player:
Prize:
1. Brett Henthorn
$31,240
2. Dennis Schroeder
$16,124
3. Henry Barnes
$8,062
4. Cy Dixon
$7,054
5. Tommy "Tap" Pruitt
$6,046
6. Donald Crail
$5,039
7. Darrell Lackey
$4,031
8. Stephen Mitchell
$3,022
9. Richard Woehler
$2,015

Related Article:


Visit PokerListings.com

Benyamine back but eighty88 dominates

The online world seems to have noticed and hundreds of thousands of dollars were traded back and forth in high stakes PLO action yesterday night and early this morning.

Despite the fact the session included players like Durrr, MrSmokey1, and even Markus Golser at times it was online player eighty88 who stoke the show.

eighty88 went on the mother of all heaters and managed to rack up in the upwards of $400,000 by the end of the session although he was down by substantial amounts at certain times of the day as well.

The verdict is still out on Benyamine who appeared to finish up by about $100,000 but one thing is certain - no one gets a high-stakes PLO game going quicker than the man they call Benyamine.

To learn more about the big happenings in high stakes online poker check out our marketpulse section here.

Here's a look at a pivotal hand between Benyamine and eighty88 with an $88,252 pot on the line:

Table Setup

Seat 1: tsarrast ($77,100)
Seat 2: David Benyamine ($43,897)
Seat 3: La Key U ($15,391)
Seat 4: eighty88 ($83,218.50)
Seat 5: Markus Golser ($14,192)
Seat 6: natso2 ($13,886)
natso2 posts the small blind of $200
tsarrast posts the big blind of $400
The button is in seat #5

Preflop

David Benyamine raises to $1,400
La Key U folds
eighty88 calls $1,400
Markus Golser folds
natso2 folds
tsarrast folds

Flop [Qs 3c 9c]

David Benyamine checks
eighty88 bets $2,400
David Benyamine raises to $10,600
eighty88 raises to $35,200
David Benyamine raises to $42,497, and is all in
eighty88 calls $7,297
David Benyamine shows [8c Ac Ah 4s]
eighty88 shows [Ts 8s 5c Qc]

Turn [Qs 3c 9c] [5h]

 

River [Qs 3c 9c 5h] [Qh]

David Benyamine shows two pair, Aces and Queens
eighty88 shows a full house, Queens full of Fives
eighty88 wins the pot ($88,391) with a full house, Queens full of Fives
David Benyamine is sitting out

Summary Total pot $88,394 | Rake $3
Board: [Qs 3c 9c 5h Qh]
Seat 1: tsarrast (big blind) folded before the Flop
Seat 2: David Benyamine showed [8c Ac Ah 4s] and lost with two pair, Aces and Queens
Seat 3: La Key U didn't bet (folded)
Seat 4: eighty88 showed [Ts 8s 5c Qc] and won ($88,391) with a full house, Queens full of Fives
Seat 5: Markus Golser (button) didn't bet (folded)
Seat 6: natso2 (small blind) folded before the Flop

 


Visit PokerListings.com

Update on Lee Rousso vs. the State of Washington

Rousso, a lawyer and the state representative for the PPA in Washington, is challenging the constitutionality of Washington's online gambling ban. He filed the lawsuit on the first day of the 2007 World Series of Poker Main Event.

He regularly updates readers on his case at http://pokerplayersalliance.org and on Friday Rousso was optimistic about Robert's ruling over the discovery dispute.

"The judge agreed with me about 99%, the state only about 1%," he said. "In layman's terms, it was a rout."

Rousso remarked he has one more item left to debate with the State of Washington but it looks extremely likely he will be heading to court.

In the past Rousso has accused the state of imposing a ban on online gambling to protect its own gambling industry. That would be a violation of the U.S. Constitution's commerce clause forbidding individual states from passing protectionist laws against other states' business.

Rousso hit an obstacle to his case last year when the state demanded information, as part of discovery, that Rousso believed was confidential and implicated his Fifth Amendment right against self-incrimination.

Due to a change in court scheduling Rousso's hearing date has been moved back to May 15. Rousso is asking all Seattle area poker players to make an appearance at the court and show their support for online poker.

Related Articles:

 


Visit PokerListings.com

No comments: