The world’s largest online poker operator PokerStars has reiterated its position on the legality of its operations in the United States, stating that nothing in the Internet Gambling Regulation, Consumer Protection and Enforcement Act which was approved by the House Financial Services Committee this week precludes it from operating in a regulated US Poker marketplace.
Pokerstars welcomed the passage of Republican Barney Frank's legislation through Committee, describing it as the most significant US legislative accomplishment in the history of the internet gaming industry.
Among the amendments to the legislation adopted on Wednesday is a clause that prohibits any entity which knowingly participated in illegal internet gambling after the passing of the UIGEA in 2006 from qualifying for a licence. As we all know Full Tilt Poker and Pokerstars have been operating almost exclusively in the US since all of the other big operating including PartyPoker, Titan Poker and all sites on the iPoker Network as well as Bwin Poker and all Ongame Network Operators.
The company said that it supports the clause despite the fact that it appears redundant in light of the wording of the UIGEA, which states in clear terms that it shall not be construed as “altering, limiting or extending any Federal or State law or Tribal-State compact prohibiting, permitting, or regulating gambling within the United States”.
"As reflected in legal opinions provided to PokerStars, its activities in the US are and at all times have been lawful," the company said in a statement. Therefore the amendment will not "adversely affect the availability of a license for a respected operator such as PokerStars," it said.
"PokerStars maintains its strong support for H.R. 2267 and encourages the full House and ultimately the Senate to move quickly to secure passage during the current Congressional term," said Paul Telford, PokerStars’ general counsel. "PokerStars, a pioneer in operating online poker under stringent regulatory frameworks, looks forward to working with incumbent and new operators in promoting a safe and healthy online poker industry in the United States, as it currently does under similar licensing models in Italy and France."
European operators who exited the US market following the UIGEA in 2006, and attribute the decline in their poker businesses to US-facing operators.
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