Barney Frank To Introduce Internet Gambling Legislation On Wednesday

Two and a half years have passed since the restrictive UIGEA legislation came into force in the U.S.

But this afternoon a bill is sent that would reform the law so as to resemble the old model.

Committee Chairman Barney Frank (D-MA) will hold a press conference to unveil legislation that will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom.

Currently, the government could use the money to pay for some of the important general expenses.

My view is not that there should be an intensive taxation, but, like so many other legitimate activities of a smaller tax rate, "said Barney Frank, chairman of the House Financial Services Committee.

The bill would "create an exemption to the UIGEA for operators that are licensed and regulated. UIGEA, which was enacted in 2006, restricts the use of the payments system for Americans who seek the freedom to gamble online."

Only 9 out of the 22 poker networks currently offer games for the Americans, so it can potentially be a profitable model for the United States. But according to Barney Frank, the economic issue is not the most important.

Lets get US players back at the poker tables at all poker rooms.

US Poker Rooms

Everest Poker WSOP $1 Million Match

The best way to qualify for the WSOP 2009 must be through Everest Poker with this great promotion. The $1 Million Match.

Everest Poker has come up with a unique promotion that stands to benefit all players who qualify for the 2009 World Series of Poker Main Event.

All players who qualify for the WSOP $10,000 Main Event through WSOP Steps sit & gos and scheduled tournaments have the chance to win even more money.

The more Everest players who qualify means your chance for winning extra cash increases.

Everest Poker are going to match the total winnings of all qualified players up to $1 million. And then they are going to distribute it evenly among all the qualified players.

So even if you don’t end up cashing in at the Main Event, you still have the chance to cash in with Everest Poker.

How does the $1 Million Match work ?
It’s simple. The total amount Everest players take home from the WSOP Main Event prize pool up to $1 million, Everest poker will put up of their own cash and distribute equally among all players who qualified for the event.

For example, let’s say 100 players qualify for the 2009 WSOP Main Event.
20 players end up finishing in the money. These 20 players win a total of $700,000.

Everest Poker would then evenly distribute $700,000 of their own money among each of the 100 players who qualified for the Main Event. Each of these players will receive $7000, to be deposited into their Everest Poker account.

Had the plan been in place in 2008, the 62 Everest Poker qualifiers in Las Vegas would have earned $20,000 each.

Qualify for the WSOP at Everest Poker here


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