xpost from STTF
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This article reeks. I don't see how any of those 'industry giants' can't see how stupid it is to be 'releasing' statements after the bill has already been passed. The time for action was before it went through. I mean, what do these bums really think they are going to accomplish?
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amulet:
i spoke with the general counsel of one of the top sites 3 weeks ago. he reiterated that that they had studied the legislation and that they felt;
1. it was unlikely to pass .
2. it would be declared unconstitutional in time.
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Mason Malmuth (09/17/06):
Here's what we plan to do. On Monday, we're going to call our attorney to make an appointment. In addition to some other legal matters, we plan to discuss the legislation , the PPA, and exactly what our role should be.
Just for a little background, our attorney and his firm specialize in intellectual property and Internet Gambling. He also does all the intellectual property work for Steve Wynn and Kirk Kikorian, and has been our attorney since 1987.
In previous conversations, the feeling was that the legislation would not pass and the best role for us was not to do anything , and the opinion on the PPA was consistent with mine. However, now with the possibility of the legislation being attached to another bill, things may have changed. So all of these subjects will be brought up again.
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Seems like alot of this type of thinking is going around.
Flight_Risk
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Yeah, it seems like they all use the same lawyer. LOL
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Hello Bobby,
We appreciate and share your concerns about the bill which passed in
the US Congress today regarding the funding of internet gaming, as an
attachment to a Port Security bill.
PokerStars' management and legal team are examining the bill at this
time. Until we understand the potential impact of the bill , we cannot
comment on how it will impact our players or PokerStars. Please note
that the bill includes a 270-day window for enforcement procedures to
be established, so we do not expect to see any immediate changes in
the ability to transfer funds to and from PokerStars.
Also please remember that your money is safe on PokerStars. All
player funds are in a segregated account at the Royal Bank of Scotland.
As always, we thank you for playing on PokerStars.
Regards,
Grant
PokerStars Support Team
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You mean to tell me you're still examining the bill and don't already know the potential impact by now? Wow.
Flight_Risk
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