US Online Gambling Law Harshly Addressed by Wynn

May 02, 2011
The UIGEA is "mysterious and unfathomable," claims founder of Wynn Resorts Despite the fact that Steve Wynn, the founder of Wynn Resorts, had to distance himself from a lucrative partnership with top online poker provider PokerStars in the wake of Black Friday, he also decided to give a piece of his mind about the UIGEA, describing it as a federal law that did not attack online poker players directly, but disrupted their financial transactions with 'illegal' online poker providers. According to him, the major issue with it is that it is not clear what constituted an illegal gambling transaction: "The [government] policy up to now, which is no surprise to anybody, has been murky and arcane." "Arcane is a good word that means mysterious and unfathomable," Wynn continued. "Most everything in Washington is mysterious and unfathomable. We're trying to figure out what the hell the public policy is and then we can have a corporate policy." Apart from Wynn, another major entrepreneur, Caesars Entertainment chief exec Gary Loveman, had a word or two about the recent DoJ actions: "What they're [the DoJ] indicting was the illegal activity of foreign operators in the United States. The solution to that problem is not simply to send our law enforcement people out chasing foreign operators. "The solution is to take a very simple pastime that's been around this country for hundreds of years, and allow licensed, regulated providers to provide it." In addition, a statement came from Senate Majority Leader Harry Reid, a former Nevada state gambling regulator who supported the 2006 law, who stated that it's important that online poker is legalized in the next two years. "I hope we can get something done. It's something that has to be regulated."
General Poker News Poker Society News Back to articles