Full of Poker

Banks Not Responsible for Gambling Transactions

2008-03-13T05:42:00.000-07:00

Criminal liability for banks that are unable to stop online gambling transactions was removed by a US Supreme Court Judge in a decision that is unlikely to be appealed. This came about when an independent trade organization, iMEGA.org, challenged the enforcement provisions of the Unlawful Internet Gambling Enforcement Act (UIGEA).

Most experts are of the opinion that the US Government will not appeal the decision that banks should be held criminally liable for something the industry insists they have no control over.

An 11-page letter drafted by the American Banking Association (ABA) and submitted to the US Treasury in December states: "ABA believes that the proposal, in large part due to the nature of the statute itself, will fail to create a practical process for intercepting prohibited conduct that maintains an efficiently functioning payments system."

The letter also said that "....UIGEA will in the end catch more banks in a compliance trap and do greater damage to the competitiveness of the American payments system, than it will stop gambling enterprises from profiting on illegal wagering."

iMEGA insisted all along that this unfunded mandate was viewed as "deputizing" the banking institutions as a means of policing online gambling, but without providing the weapons to do so.

The document asserts: "In other words, in the view of the drafters of the legislation, all the sophistication of the FBI, Secret Service, and other police computerized detection systems and investigative expertise devoted to fighting terrorism and financial crime are inadequate to the task of apprehending the unlawful gambling business or confiscating its revenues. ABA believes that punting this obligation to the participants in the US payment system is an unprecedented delegation of governmental responsibility with no prospect of practical success in exchange for all the burden it imposes."

The US Government, when asked to comment on the decision last week, responded that they would not be doing so.

Meanwhile, Congressman Barney Frank’s Internet Gambling Regulation and Enforcement Act, which was introduced early last year, will go to a committee hearing in Congress this spring.

According to a spokesperson for Frank (pictured left), a hearing in the House Financial Services Committee had been scheduled for early April. This news comes as Congressman Jim McDermott announced the reintroduction of a taxation bill for legalized internet gambling.

Michael Waxman, of the Washington based lobby group Safe and Secure Internet Gambling Initiative said that the legislation, which is designed to accompany Frank’s bill, is the result of a long-term plan to introduce a taxation regime that PriceWaterhouseCoopers estimates could bring in revenues of between $8 billion and $42 billion.

Waxman said: “It is a similar bill to last year’s, and McDermott has taken some of what he has learned in the last year and put it into this bill. The most important thing is that this is a powerful statement and will educate members of Congress in why regulated internet gambling is the way forward.”

Full Tilt Poker $8 Million Guaranteed in Cash

2008-03-12T17:05:00.000-07:00

The action is heating-up at Full Tilt Poker. They have just upped the antes on their popular Guarantee tournaments, bumping the weekly combined prize pool to more than $8 million. If that's not incentive enough to hit the felt, there's still time to qualify for this month's Iron Man and earn the chance to play three of our pros heads up for up to $100K. To take advantage of these offers and a matching $600 bonus at Full Tilt Poker, go to our Free Poker Download section and get their free software.

Full Tilt Poker News

2008-03-05T19:06:00.000-08:00

Starting Saturday, March 1st, you can now play for a share of more than $8 million in combined prize pools every week at Full Tilt Poker. Full Tilt has a wide variety of tournaments running around the clock and bigger guarantees in some of the favorite weekly events, including:

* $150K Sunday Mulligan at 19:05 ET (01:05 GMT)
* The Wednesday $100K No-Limit Hold 'em 6-max with Rebuys tourney at 21:00 ET (02:00 GMT)
* The $90K $300+$22 NLH 6-max tourney at 15:00 ET (20:00 GMT) each Saturday

Full Tilt Poker also added a $200+$16 PLO Super Stack with $20,000 guaranteed to our weekly schedule each Saturday at 14:00 ET (19:00 GMT)

Full Tilt Poker's daily guarantee tournaments have also been increased. Look for the new $13,500 Guarantee $50+$5 at 13:30 ET (18:30 GMT), the $18,500 Guarantee $50+$5 at 22:30 ET (03:30 GMT), and the $33,000 Guarantee $100+$9 at 19:30 ET (00:30 GMT).Each of these No-Limit Hold 'em tourneys offers one rebuy, one add-on, and runs every day, rain or shine. Start taking advantage of these great offers and Download Free Poker Software

Full Tilt Poker Tournament Dollars

2008-03-05T13:07:00.000-08:00

Every player dreams of taking down poker's biggest event. Starting this March, Full Tilt Poker is giving you the chance to make that dream come true. Full Tilt has tons of ways to win your seat at this year's World Serires game. Warm up for the Big Dance by going for a Triple Double - win all six of The Doubles tournaments in March and take down a cool $1 million bonus. Check out all of the New Game Features available to you, including Tournament Dollars. Now when you win a satellite into any tournament, you'll be able to un-register and have T$s paid back into your account. For more reviews and online poker bonus codes offers please go to Full of poker.

Full Tilt Poker Offers Resizable Tables

2007-04-05T23:29:00.000-07:00

Full Tilt Poker is now offering tables that resize. For players that play multiple tables, this is a great addition.

Doyles Room Bans U.S. Players

2007-03-26T16:06:00.000-07:00

Doyles Room is no longer allowing U.S. players and it appears their site is down. They have referred everyone to Full Tilt Poker.

Doyle's Room poker site has selected to leave the U.S. market due to recent changes in the U.S. law that effect online poker transactions. We are sorry to see that they made this decision. You can find more details on the the law later in the article. However, if you are a player on Doyle's Room then there are some actions you need to take right now. Fortunately Doyle's Room made arrangements with Full Tilt Poker before they made this announcement. So your transition will be easy.

Absolute Poker Staying in the U.S.

2007-02-21T13:19:00.000-08:00

Statement by Absolute Poker:

Absolute Poker is still holding a strong position in the U.S. market providing poker players from around the world with the very best online poker experience. We are 100% committed to staying in the U.S. and provide your players with the easiest, fastest, secure deposit and cashout options.

Full Tilt FTOPS III

2007-02-15T13:56:00.000-08:00

FTOPS III is currently underway, and is drawing thousands of players to the Full Tilt nightly guarantee tournaments.

New player sign-ups can start playing in the remaining FTOPS III tournaments as soon as they make their first real money deposit on the site, and that satellites for all of the tournaments - including the gigantic $1.5 million Main Event - are running now for as little as $2 + $.25.

With millions of dollars in prize money still up for grabs, there's no better time for new tournament players to join the action. Of course, every player who makes their first-ever real money deposit on the site will also be eligible for our generous 100% Deposit Bonus up to $600.

Full Tilt Poker: New Payment Method

2007-02-03T22:47:00.000-08:00

Full Tilt Poker Announcement

We are pleased to announce the addition of MyWebATM, a brand new deposit option which provides a fast and easy method to fund your Full Tilt Poker account using your personal bank account.

Once you have funded your MyWebATM account through their secure Web interface, you can access your funds online at Full Tilt Poker or at thousands of stores and ATMs worldwide.

We have worked to deliver this deposit option as quickly as possible, and are confident that MyWebATM provides the convenience our players expect and deserve. Withdrawals through MyWebATM will also be fast, easy and secure, and will also be available within the next few days.

We apologize for any inconvenience you have recently experienced, and want you to know that:

Your money is completely safe and secure - Any money you have in your Full Tilt Poker account remains completely accessible.

We're adding even more new payment processors who are committed to the U.S. market - We are establishing relationships with a variety of companies who will offer even more convenient ways for you to deposit and withdraw funds from the site.

Our processing speeds will return to normal - As we continue to add new payment options, all withdrawals will again be processed within our normal time frame of 48 hours or less.

New Neteller Around the Corner

2007-02-03T22:01:00.000-08:00

http://www.newswiretoday.com/news/13355/NewswireToday - /newswire/
- London, United Kingdom, 01/30/2007 -

Shortly after Neteller announced its decision to pull out of the US gaming market on January 18, the London-based technology company Seed Capital Ltd. introduced a new payment processing service 'YouTeller.com'."We will start in March with a revolution in simplicity of worldwide online payments. Everybody who can download songs or play online games will now be able to pay for that instantly," said Johannes Knierzinger, CEO and co-founder.On Monday the British Financial Services Authority (FSA) granted YouTeller the "Small E-Money Issuer Certificate", therefore making it possible to operate as an e-wallet. "The FSA has already given us the green light. We will begin services after the server-security testing period is completed," said Florian Schweitzer, company spokesman and co-founder. It took three month to develop the new online payment framework."We have no overseas branch in a NAFTA-country like Neteller or Citadel, so we are not affected by US legislation," underlined Schweitzer. YouTeller is part of an international lobbying task force that works on the issue 'worldwide online payments' with the World Trade Organisation (WTO) and the European Union.The WTO has again ruled against the United States in favor of Antigua and Barbuda, this time for not taking "the necessary steps to comply" with the April 2005 WTO ruling to correct discrimination against foreign internet gambling operators, Reuters reported late last week.Earlier this month, federal officials arrested the founders of Neteller, an Isle of Man-based online payment processor, while they were in the US to switch planes. John Lefebvre and Stephen Lawrence are set to fight the charges laid against them when they appear in court in February.