No Penalties for Not Complying with Anti Poker Law
According to a recent press release from CompatiblePoker.com, there would be no penalties for banks and credit card companies who fail to set guidelines before the end of the grace period this year in compliance with the Unlawful Internet Gambling Enforcement Act. The UIGEA put in a 270 day period for affected institutions to put up some measure to prevent poker players from making transactions to online poker rooms. According to the press release, an article on Gambling-Law-US.com points out that there are no penalties if regulations aren’t set before the deadline.
Related Articles:
Unlawful Internet Gambling Enforcement Act of 2006 now law
Online poker rooms spread the risk…
Related Poker News:
- Accused poker game dealers face tougher penalties
- U.S. Disavows Own Trade Agreements, Plans to Ignore WTO Judgment
- House approves anti-gambling bill
- French May Follow US in the Anti Online Poker Move
- Winner of World Series of Poker Says His Behavior Was Not Appropriate
- Banks Prepping for December
- Lincoln authorities’ video poker warning
- PM urged to pressure states on pokies
- Online Poker Founder Beckley Pleads Guilty in Fraud Case
- Congresswoman Points Out Loophole in Poker Bill
- Harrah’s Deals In Poker Players’ Tax Info
- Time for gamblers to fold
Poker terminology:
- WALK - A pot won by the last blind when no one opens.
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- STRAIGHT FLUSH - A hand consisting of 5 cards in sequence and the same suit.
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- SIXTH STREET - The sixth card dealt in 7-card stud.
- NO-LIMIT POKER - A game where there is no maximum bet; a player can wager any amount (perhaps above some minimum) up to whatever money is on the table in front of him.
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