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21st September, 2011 :: 20:24:57
Source: Casinos Online
Legislation will curtail a risky environment says AGA chief
For the second time in as many days, the American Gaming Association (AGA) has added impetus to the move towards online poker legalisation in the US, this time by using the now notorious Full Tilt Poker issue to further its agenda.
Frank J. Fahrenkopf Jr ., the president & chief executive officer of the AGA issued a press release saying:
âEURњI have two simple questions: âEUR˜How much & for how long?âEUR™ How much money that we donâEUR™t know about is being swindled from U.S. consumers & how long will it take before we change laws to protect those consumers?
âEURњThis morning (Tuesday) we called on Congress to institute an effective online poker regulatory system to protect American consumers & released an online poker Code of Conduct that would ensure online poker companies are operated honestly, legally & responsibly.
âEURњThis afternoon (Tuesday) the Department of Justice (DOJ) accused one of the most well-known offshore online operators, Full Tilt Poker, of bilking players out of more than $300 million. The U.S. attorney who made the accusation called Full Tilt Poker, âEUR˜âEURŠnot a legitimate poker company, but a global Ponzi scheme.âEUR™
âEURњTomorrow Congress should begin changing the laws to protect consumers from such schemes.
âEURњWe applaud the DOJ for this latest action, but every time a shady website is shut down, an even shadier one pops up.
"The type of illegal activity the DOJ is accusing Full Tilt Poker of will continue to happen in the absence of the same tough, stringent regulations & enforcement that successfully govern bricks-and-mortar casinos.
"The time to act is now, or millions of Americans playing online will continue to face a risky environment.
"Congress needs to establish federal guidelines so that states that choose to can regulate & license online poker, & bring the jobs & revenues associated with this billion dollar industry to the U.S.âEURќ
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