"Frank to offer legislation allowing online gambling" by Jonathan D. Salant and Lorraine Woellert, Bloomberg News | May 6, 2009
WASHINGTON - Legislation to allow Internet gambling is scheduled to be introduced today by US Representative Barney Frank.
Similar legislation failed in the last Congress. Frank, a Massachusetts Democrat, has support for the bill from such companies as Youbet.com Inc., and Harrah's Entertainment Inc., in addition to the Poker Players Alliance, formed to overturn a 2006 ban on Internet poker.
Supporters "have been mobilizing," Frank said last week. "This is a grass-roots thing."
No offense, Barn, because I'm for the government getting out of the vice business; however, HOW COME the ANTIWAR GRASSROOTS or SINGLE-PAYER GRASSROOTS didn't TAKE HOLD, hmmm?
I think I answered that question at the top of the post, readers.
The legislation would allow licensed gambling operators to accept online wagers from people in the United States. The bill would revise the 2006 law, which made it a crime for banks to process financial transactions used to place illegal bets online.
Harrah's vice president Jan Jones said regulating and taxing online gambling might swell government coffers by $2 billion to $6 billion annually. "At a time where there is no money, that can be going to healthcare or S-CHIP," the children's insurance program, Jones said.Thanks for ruining the game!
Now I'm opposed because I DON'T LIKE GAMBLING and I DON'T WANT IT HERE!!!
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