Online Casinos, Gambling, Poker and Sports Betting Magazine


Barney Frank believes poker funds seizure will aid UIGEA turn-around

Barney Frank has said that he believe the seizure of over $30 million dollars will eventually help reverse the UIGEA of 2006 and encourage online gambling to be regulated.

GOM reported recently that $30 million of up to 27,000 online poker players had been frozen in their accounts at some of the biggest known poker rooms. PokerStars and Full Tilt players are said to be involved.

Barney Frank, who has long campaigned alongside the PPA (Poker Players Alliance) to have the UIGEA reversed and online gambling regulated believe it will aid their plight by showing up the law at just how unclear the restrictions are.

The UIGEA was rushed through in late 2006, Spencer Bachus let slip just how rushed the bill was by saying “We caught them off guard last time, this time they won’t be off guard.” Bachus is for keeping the anti-gambling laws how they currently are as he sees it at the “Nations fastest growing-addiction”.

Barney Franks latest statement ends with the optimistic words “We’ll get it done”. Looks like we’ll have to wait and see if his words can become start to become reality on July 7th.
Coming Soon...