Internet Gambling Hearing Set For Thursday Morning

Published on December 3rd, 2009 4:22 am EST

-- Poker King with the gold cane over his shoulder --1. Internet gambling hearing set for Thursday.

The House Financial Services Committee is set to discuss two internet gambling bills at a hearing set for Thursday morning.

The future of two bills will be at the heart of Thursday's meeting - HR 2266 (Reasonable Prudence in Regulation Act) and HR 2267 (Internet Gambling Regulation, Consumer Protection and Enforcement Act).

Both of these bills are sponsored by Rep. Barney Frank. HR 2266 currently has 53 co-sponsors, while HR 2267 currently has 63.

HR 2266 seeks to delay the compliance date of the UIGEA regulations by one year, while HR 2267 looks to establish licensing and regulation of the online gambling industry in the United States.

There will be a number of speakers at Thursday's hearing. According to, one of those speakers will be National Council on Problem Gambling Executive Director Keith Whyte.

Backers of regulated and licensed online gambling in the United States are hoping to build on the momentum of last week's announcement by the Fed and Treasury that the compliance date for the implementation of the UIGEA would be delayed by six months.

Players are encouraged to continue to write to their lawmakers during this crucial six month period.

2. EPT Prague Update.

Day 1B of the EPT Prague main event is now in the books.

Marc Gork currently leads the event with a chip stack of just under 170k.

Rui Cao, Marius Heiene, Martin Hruby and Jude Ainsworth round out the top five stacks heading into Day 2.

586 players paid the 5k Euros to participate in this event, making it the richest poker tournament to ever be played in the Czech Republic.

The total prize pool is over 2.8 million Euros, which means that the eventual winner of this event will walk away with a little over 680k Euros.

The top 80 places in this event will pay out.

Some of the notable names who are still alive in this event include:

Bertrand "ElkY" Grospellier - 160k
Luca Pagano - 135k
Marcel Luske - 54k
Olivier Busquet - 50k
Alexander Kravchenko - 23k


Filed Under: UIGEA

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