GPWA Times Magazine - Issue 6 - September 2008

Webmaster News GPWA Times | California online poker closer to reality “Let me get back to you on it. I haven’t thought about the issue.” – Sen. John McCain, the Republican candidate for U.S. President, when pressed on the issue of Internet gaming during an interview with Erin Neff of the Las Vegas Review in July. “Let e get back to you on it. I haven’t thought about the issue.” — Sen. John McCain, the Republican candidate for U.S. President, when pressed on the issue of Internet gaming during an interview with Erin Neff of the Las Vegas Review in July. WEBMASTER NEWS Ivobank offering online services A new online bank catering to gaming businesses and enthusiasts has launched, offering fast and secure online payment and money transfer services. Ivobank is believed to be the first independent bank to launch since the dotcom boom in 2001 and the first to be authorized and regulated by the Financial Services Authority (FSA). Backed by the Sampoerna family, Ivobank plans to have one million customers within the next five years. Ivobank’s Managing Director, Timothy Saw- yer, said while the bank is open to anyone, it had been specifically designed with online gamers in mind. “The online gaming industry has developed rapidly in recent years, but the financial services supporting it have not kept pace,” Sawyer said. “Many online businesses and customers have been ill-served to date, resulting in relatively high costs and relatively low levels of service. “Ivobank aims to plug the gap by offering instant and highlysecureonlinepaymentservices,combinedwith competitive interest rates,” Sawyer continued. On top of this, Ivobank allows customers to move money instantly from their account to friends and family over- seas, mak- ing it very a t t r a c t i v e for international money transfer. “Ivobank is perfect for anyone who wants to shop online, but doesn’t want to use a credit card,” Saw- yer concluded. Headquartered in London, Ivobank has been set up by a number of industry veterans who have held senior positions within the banking and gaming in- dustries. QUOTABLES “I walked through, no one looked at me. I kept gambling for the next couple of years.” – A woman who is part of a class-action lawsuit that has been launched on behalf of addicted gamblers who allege they asked to be barred from casinos in Ontario, Canada, but were still allowed in. The woman spoke to CBC News on condition of anonymity. “I walked through, no one looked at me. I kept gambling for the next couple of years.” – A woman who is part of a class-action lawsuit that has been launched on behalf of addicted gamblers who allege they asked to be barred from casinos in Ontario, Canada, but were still allowed in. The woman spoke to CBC News on condition of anonymity. A fter passing through the Senate Govern- mental Organization Committee in July, a proposal that would establish legalized on- line poker for California is now destined for the Senate Appropriations Committee. The bill, AB2026, is also known as the California Gambling Control/Intra- state Online Poker Le- galization Act. If passed in its current forum, it could become law as soon as July of next year after receiving sub- sequent approval from a full Senate vote. This would see California make history as the first U.S. state to regulate and legalize intrastate online poker for its residents. AB2026 was born from provisions in 2006’s Unlawful Internet Gambling Enforcement Act (UIGEA) federal legislation that allows for in-state poker if certain conditions are met. The bill meets these guidelines and was quickly shepherded through the Assembly before coming to the SenateGovernmental Organization Committee. “We hope to have this bill passed... and signed into law,” said Anthony “Tuff Fish” Sandstrom, a professional poker player and California resident. ( At press time, the bill hadn’t been voted on. ) Sandstrom earlier began a petition calling for State-run online poker for residents but later withdrew his application despite having the mea- sure approved by the California Secretary of State and scheduled for last February’s bal- lot. “My hope is that it would go into effect in January of next year. We would then have the Division of Gaming Control and the Attorney General’s office spendwhatever brief period of time theywould need to draft the appro- priate regulations and hopefully sometime in the middle of next year we could actually have legal poker online in California.” “If you told me I was going to come to that conclusion at the start of research I would have laughed.” - Associate Professor June Cotte, who co-authored a report to be published in February entitled “Blackjack in the Kitchen: Understanding Online Versus Casino Gambling” in which the authors recommended the full legalization and regulation of online gambling in the U.S. and Canada. “If you told e I as going to co e to that conclusion at the start of research I would have laughed.” — Associate Professor June Cotte, who co-authored a report to be published in February entitled “Blackjack in the Kitchen: Understanding Online Versus Casino Gambling” in which the authors recommend the full legalization and regulation of online gambling in the U.S. and Canada.

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