Senator Robert Menendez will Introduce Online Poker Bill Today

There was an air of excitement during National Poker Week when it was announced that Senator Robert Menendez (D-NJ) would soon introduce legislation that would legalize and regulate online togel hongkong. Well the time has come as the Dow Jones Newswire broke the story yesterday that Menendez would introduce his bill on Thursday.

Menendez has been a strong supporter of Internet poker, often working closely with House Financial Services Chairman Barney Frank to battle against the UIGEA.  Frank was set to introduce his own Internet gaming bill in July, but because of the ongoing financial crises in the U.S., that was delayed until September.

 

The bill being introduced by Menendez is different from Frank’s bill however.  This piece of legislation focuses completely and specifically on Internet poker, whereas Frank’s bill covers other forms of online gaming, such as online casinos.  The specifics of Menendez’s bill will not be completely known until it is released later today, although it is known that it will seek to legalize, regulate and tax online poker in the United States.

 

It is expected to establish the necessary framework to allow Internet poker companies to apply for license to operate within the U.S.  It would also focus on protecting American consumers by requiring proof of age and ensuring that state laws are followed.  There is no intent to overturn any state law already in place.  They would also be required to protect against compulsive gambling as well as provide fair games and guard against money laundering and fraud.

 

As far as taxation, it is reported that the bill will call for a 10% tax on all deposits made by U.S. players.  This tax would be split evenly between the federal government and the states.  It is not yet known if this would …

Weekend Tournament Wrap-Up

Another weekend of major poker tournaments is in the books, and once again, it seems tournament attendance and prize pools are on the rise. This past weekend there were two super-sized events, as Bwin bolstered their Sunday championship from $250k to $500k, and togel hongkong upped the ante in their Red Spade Open to a $1,000,000 guarantee.  Both events had strong showings, as the Red Spade open took the spot as the second biggest event of the day.  Only the Sunday Million on Stars was able to surpass the Red Spade Open’s $1.23M prize pool, as it hit the $1.5M mark itself. The was one of the first normal weekends that saw the Million back above the $1,500,000 mark since Black Friday last April.

 

The rest of the tournaments on our list all saw solid attendance bumps. Many events on PokerStars continue to benefit from the raise in guarantees made last week. One of those tournaments, the $500+$30 buy-in Sunday500, cruised past its $300,000 guarantee on its way to more than $428,000 in the pot.  The Sunday Warm-Up on Stars and the $200k on Party also had strong showings, easily besting their $500,000 and $200,000 guarantees respectively. Overall, it seems 2012 is being much more kind to online poker than 2011. With sites like Party, iPoker, and Bwin picking up the slack left by FullTilt, it seems online poker tournaments are back and better than ever.

 

Party Poker Sunday $200k Guaranteed

1,345 Entrants; $269,000 prize pool

 

  1. firaldo87 $56,490)
  2. Konsumon $32,280
  3. zakatAAAA $19,502
  4. ItalSconto $15,467
  5. HESSEL111595 $12,777
  6. purpleman $10,087
  7. anguz $7,666
  8. izotope777 $5,111
  9. Podelak $3,900
  10. rl1965 $2,690

 

iPoker Sunday $200k Guaranteed

1,053 Entrants; $210,600 prize pool

 

  1. ravenjetbyrne $35,802
  2. Sitoutpre $26,325
  3. eduardoda11 $19,985
  4. Vimsig $14,320
  5. MonnemaBuu $10,424
  6. skinging $8,318
  7. edmundo21 $6,212
  8. BoskoRock $4,106
  9. poqwaslk $2,274

 

BWin …