Replies to post #13611 on BioStem Technologies Inc. (BSEM)

[1millto1]

Another artical states:"Harrah's Entertainment is one of the gaming company's based out of Las Vegas that has openly endorsed online gambling. The company has launched online casinos in jurisdictions of the world where online gambling is regulated, and Harrah's is prepared if and when the laws should change in the US".Kens & CGAQ have the "live" rights in the US. Harrah's entertainment could be a big boost to CGAQ either way.Someone at CGAQ should start talks with them.JMHO

[mick]

i like this gaming link 1mil...do senior rule in floria? who does a lot of casino gaming? da seniors and in many states.

let these seniors standup and vote fer online gaming to be legalized.

http://www.casinogamblingweb.com/gambling-news/gambling-law/legislation_filed_to_regulate_online_gambling_in_florida_53940.html

The Top Online Casino Gambling News Reporting Organization!

Legislation Filed To Regulate Online Gambling In Florida

It has long been rumored that the state of Florida could be one of the first in the nation to regulate online gambling. On Friday, Representative Joseph Abruzzo filed the Internet Poker Consumer Protection and Revenue Generation Act of 2010.

The legislation outlines a fully regulated system of online gambling in the state. If approved by lawmakers, Florida would be the first state to use rules from the Unlawful Internet Gambling Enforcement Act of 2006 to help regulate Internet gambling.

The UIGEA was put in place by US lawmakers back in December 2006 with the intent of ridding the country of online gambling. In the years that have followed, the industry has grown instead of shrunk.

One area of the UIGEA allows for states to lawfully regulate and conduct intrastate Internet gambling, such as poker. Abruzzo's legislation, which was filed Friday, takes advantage of that clause.

The Bill filed Friday would allow for Internet hub operators to run the online poker sites. In order to gain a license, hub operators would have to be chosen by the state, and some strict guidelines are outlined.

First, the operator would have to have a business license in Florida. Second, they would have to be licensed in one or more US states. Next, the operator must be licensed to offer online poker in a country outside of the US.

If those stipulations are met, an application fee of $500,000 would be paid to the Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations. If approved, the licensee would then have to pay a $1,000 annual license fee.

Once the online poker site is set up, there are also strict rules in Abruzzo's proposal. The minimum gambling age would be twenty-one, and safeguards against any form of money laundering must be in place. The Internet hub operators must also fully insure the all software being used is up to regulation standards.

Safeguards for players have been one of the main reasons that Representative Barney Frank has proposed legislation to overturn the UIGEA. Currently, millions of people in the US are gambling online at sites that are not regulated by the government.

In Florida, any licensee would have to ensure that the player is protected not only against fraud, but also against themselves. Gambling addiction is one of the top problems for lawmakers looking to expand, and Abruzzo has covered that in his Bill.

The Internet hubs must put limits on how many deposits and how much a player can deposit each day. In addition, a limit must be placed on how much a player can lose in a set amount of time. A time limit on how long a poker player can play in one session will be required as well.

The percent of taxes on the winnings is always another issue that lawmakers grapple with when creating gambling laws. In the Internet Poker Consumer Protection and Revenue Generation Act of 2010, Abruzzo has laid out a plan for twenty percent of the winnings each month to paid in taxes.

Whether or not the legislation filed Friday passes or not will depend on lawmakers' ability to see the future potential and reconcile their differences on the Internet gambling issue.

One thing that is certain, however, is that Rep. Abruzzo has covered all of the bases that typically get these type proposals thrown out, paving the way for Florida to become the first state in the US to regulate online gambling.

March 2, 2010
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
Submit News!

[mick]

part two;;;is there a filing bill # for this new one?

re;
i like this gaming link 1mil...do senior rule in floria? who does a lot of casino gaming? da seniors and in many states.

let these seniors standup and vote fer online gaming to be legalized.

http://www.casinogamblingweb.com/gambling-news/gambling-law/legislation_filed_to_regulate_online_gambling_in_florida_53940.html

The Top Online Casino Gambling News Reporting Organization!

Legislation Filed To Regulate Online Gambling In Florida

It has long been rumored that the state of Florida could be one of the first in the nation to regulate online gambling. On Friday, Representative Joseph Abruzzo filed the Internet Poker Consumer Protection and Revenue Generation Act of 2010.

[sssneo]

"1millto1" do you know if this is still current in Florida or it's current status? In CGAQ's home state it's a focus I'm sure. I'm still researching on a National Congressional level and I need all the help I can get on a STATE BY STATE level but I'm working on it. What do you like better, "Gambling Gate," or "ATM Gate" as a title lol?? I'm serious, I think it may not pass Congress this session but it's inevitable and if we are successful as I said we can maybe save ourselves a session or two in the future. I've found broad bi-partisan support so far. The problem is it's not a priority and keeps getting backshelved Nationally and by States. Barney Franks Companion Bill HR 2268 is the magic bullet bill that most folks should focus on this session in hopes of legal, regulated Internet gaming.
Again appreciate any help from anyone of supportive:
NAMES OF SENATORS OR REPRESENTATIVES???
NAMES OF BILLS OR PROPOSALS???
BOTH ON A NATIONAL AND STATE BY STATE LEVEL???

[sssneo]

The date of March '09 I'm wondering if it is current now? What I like is:

Whether or not the legislation filed Friday passes or not will depend on lawmakers' ability to see the future potential and reconcile their differences on the Internet gambling issue.