Casinos support legalized online poker

by
September 21, 2011

By Valerie Richardson-The Washington Times

The nation’s largest casino trade group is going all in to legalize online poker, calling Tuesday for a proposed regulatory framework even as the Justice Department continued its crackdown on offshore gambling websites.

Frank J. Fahrenkopf Jr., president of the American Gaming Association, which until now has opposed the legalization of online poker, said in a statement that “there are no longer any good reasons to put U.S. citizens at risk by continuing to outlaw online poker in the U.S.”

He called on Congress to approve the group’s proposed online poker code of conduct, which includes conducting background checks for website operators, identifying all U.S. players in order to keep out teenagers and other illegal gamblers and implementing procedures to stop money laundering.

Hours later, the Justice Department filed a motion accusing executives at Full Tilt Poker, including celebrity players Howard Lederer and Christopher Ferguson, of defrauding customers of more than $300 million while they “lined their own pockets.”

“Full Tilt was not a legitimate poker company, but a global Ponzi scheme,” Preet Bharara, U.S. attorney for the Southern District of New York, said in a statement.

To read more, visit:  http://www.washingtontimes.com/news/2011/sep/20/casinos-support-legalized-online-poker/

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