Poker Players Alliance Lambasts UIGEA Regulations

by Lou on November 12, 2008

The poker advocacy group, the Poker Players Alliance (PPA), expressed its extreme disappointment today about the last minute finalization of the Unlawful Internet Gambling Enforcement Act (UIGEA) regulations for online gambling.
“Today’s action finalizes a truly bad public policy—one that even the banks and Federal regulators called unworkable in Congressional testimony,” said PPA Chairman and Former Senator Alfonse D’Amato (pictured). “However, the PPA remains optimistic that the new Administration and the new Congress will recognize the failures of UIGEA and will act swiftly in the New Year to overturn this flawed policy.”
In April of this year, representatives from leading banks testified before Congress about the “burdensome” and “unworkable nature” of the proposed UIGEA regulations. Even the US Treasury and the Federal Reserve expressed serious concerns about the ability to enforce UIGEA and its impact on our nation’s payment systems.

Notwithstanding the burden UIGEA places on our already strapped financial sector, the Administration, the Treasury and the Federal Reserve dedicated time and resources to get the rules finalized as the first of many Bush Administration “midnight” regulations.
“We have strong advocates in Congress who recognize the importance of balancing individual freedom and responsibility with the protection of consumers as it relates to online poker,” continued D’Amato. “As such, we believe that in the new political environment UIGEA will be overturned and effective licensing and regulation of online poker will be enacted.”

{ 2 comments }

Anonymous November 13, 2008 at 3:12 pm

Clearly, this will not help grow the game. Now more than ever, the government needs new sources of revenue. They can literally collect Billions of Dollars in new tax money if they would only sit down and work with the industry.

Truly bad decision.

Chief Disciple of Poker

Flawlessgame November 15, 2008 at 2:40 am

Very very bad decision. Do you think this will really work out for at least a year? Really it has to be revised.

Game, poker, online poker, online game

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