UFC President Dana White Lies, Owes $1 Million to Vegas Casino?

The question all fans want to know is: Will Tito Ortiz and Chuck Liddell face off for a third time? We just might have the answer, thanks to some investigative work done by our friends at TheDirty.com, who got a hold of this picture from inside the UFC facility in Las Vegas, Nevada, the training sight for TUF 111. White is going to have a very difficult time explaining why FranklinâEUR(TM)s picture has replaced OrtizâEUR(TM)s at the TUF 11 facility.

.  We have been unsuccessful in retrieving what is owed to us thus far, but are very confident he will come through on his marker.âEUR

Meanwhile, the Ultimate Fighting Championship and its ever-outspoken president, Dan White, remain hush-hush about Ortiz being replaced by Rich Franklin. I guess business is business.âEUR — the speculation has grown seemingly on a daily basis.

While The Huntington Beach Bay Boy started it all by posting a suspicious Tweet back on February 24th — âEURoeIf things couldn’t get worse. Bet on TUF 111 now at online sportsbook BETUS.com.

Not only did TheDirty.com break the news about Rich Franklin replacing Tito Ortiz, the site received confirmation from their Vegas Casino VIP host about the rumor circulating around town that Dana White is stiffing the Bellagio for a $1 Million gambling debt.

Nevertheless, White has been trying to defuse all the Tito-rumors with no avail, tweeting that, âEURoenothing happened to Tito,âEUR and that Franklin is expected to fight Randy Couture and not Liddell in the near future. The following day, Ortiz tried to fix his slip up and posted this Tweet: âEURoeNow its time to get ready to kick Chucks ******* ***.âEUR

The Vegas Casino Host said: âEURoeThe Bellagio establishment hopes a man of Dana WhiteâEUR(TM)s pedigree and stature in Las Vegas decides to make good on his debt. According to various sources, âEURoeAceâEUR and the âEURoeIcemanâEUR have already verbally agreed to fight one another, but no contracts have been officially signed.

UFC President Dana White Lies, Owes $1 Million to Vegas Casino? The growing speculation surrounding The Ultimate Fighter 11 and whether or not coaches Tito Ortiz and Chuck Liddell will faceoff at the culmination of the show is increasing exponentially. They just did! ****!!!! I want to thank all my fans for your support! Jenna and I are fine. I have a feeling Mr

Wimbledon 2010 Roger Federer vs Tomas Berdych Betting Odds

Federer is a perfect 4-0 against Berdych in their four previous Grand Slam matches, including a 6-3, 6-3, 6-4 straight sets win at Wimbledon in 2006.

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Tomas Berdych +400

Roger Federer labored his way through the first two matches at Wimbledon, but he returned to his typical championshipWimbledon 2010: Roger Federer vs Tomas Berdych Betting Odds form in scoring third and fourth round victories over Arnaud Clement and Jurgen Melzer, respectively. Berdych, who reached the semifinals at last month’s French Open, won the match 4-6, 7-6 (7-1), 7-5, 6-3 after serving up 20 aces and winning 62 of his 77 first serve opportunities.

Roger Federer -700

Federer has now reached the quarterfinals or better in 25 consecutive Grand Slam events, a streak that dates back to the 2004 Wimbledon Championships.

It looks like Roger Federer is back and that is bad news for his quarterfinals opponent, Tomas Berdych. Wimbledon 2010 Betting Odds at SPORTSBETTING.com like Federer, though, to the tune of -700 moneyline odds.

The 24 year old Berdych, who hails from the Czech Republic, has produced a 2-8 record in 10 career meetings with Federer; however, he did win his last match against the ATP’s second ranked player, a 6-4, 6-7, 7-6 victory at the Sony Ericsson Open in Miami earlier this year. The Swiss champ played a highly efficient match, committing just 11 unforced errors while hitting 28 winners.

SPORTSBETTING.com Wimbledon 2010 Roger Federer vs Tomas Berdych Betting Odds:

Tomas Berdych advanced to the quarterfinals at Wimbledon for the second time in his career with a four set victory over Germany’s Daniel Brands on Monday. Melzer, who Federer dispatched on Monday by a score of 6-3, 6-2, 6-3, won just 15 of 63 receiving point opportunites in the loss. However, Berdych has the skills to challenge the six time Wimbledon winner, which he will attempt to do at approximately 8:00am ET tomorrow morning

ENTREVISTA-F1-Apostadores, defraudados por órdenes de Ferrari | Deportes | Reuters

“No te preocupes. Debido a la farsa por las órdenes de equipo entregadas por Ferrari para que Alonso adelante al líder de la carrera, Felipe Massa, decidió que lo único justo es devolver las apuestas por el brasileño”, dijo una declaración del sitio en internet de la compañía (www.paddypower.com).

La casa de apuestas irlandesa Paddy Power dijo que había devuelto más de 15.000 libras esterlinas en apuestas tras el incidente.

“No sólo es injusta para el deporte e injusta para los espectadores que pagan un precio muy alto por sus entradas, también es injusta para las personas que han hecho una apuesta por los resultados”, dijo Mummery el lunes en el centro de convenciones del Raffles City.

Hablando en la víspera del foro de negocios del fútbol Soccerex, el director ejecutivo de la casa de apuestas SBOBET, Bill Mummery, dijo a Reuters que la actitud de la F1 de aplicar sus propias normas y permitir la victoria de Fernando Alonso era injusta para los apostadores.

Ferrari fue multado con 100.000 dólares por realizar órdenes de equipo en Alemania, cuando el ingeniero Rob Smedley le dijo Massa que el español Alonso era más rápido que él, lo que llevó al brasileño a permitir el adelantamiento dos vueltas más tarde.

SINGAPUR (Reuters) – El piloto brasileño Felipe Massa no fue el único perjudicado con las órdenes de la escudería Ferrari en el Gran Premio de Fórmula Uno de Alemania el domingo, ya que los apostadores de todo el mundo también se sintieron defraudados.

“Eso claramente distorsiona el resultado, estoy fuera de la oficina, así que no sé cuánto (le costó a la casa de apuestas). Para nosotros lo que nos costó no es cuantificable en términos económicos, lo que nos costó fue la credibilidad con nuestros clientes”, agregó.

FARSA

  Continuación…

Por Patrick Johnston

Gambling – InfoBarrel

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How to Play Poker

I Won The Lottery, Now What? Each day millions of hopeful citizens nationwide line up to buy a lottery ticket for their chance to break from the routine of their daily lives. The problem is that out of all the casino games available not too many will give you a good chance of being a winner. The rules of Blackjack are fairly simple and straightforward. It is easy to learn, exciting to watch and the play is quick. There are strategies for playing all the games in Vegas and there are some games or bets that you should stay away from. Tyson 3 years, 6 months ago

Las Vegas is a city where people dream of going to just to beat the house. You may already know the…

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To an outsider poker looks complicated and involved, with a lot of jargon and lingo being thrown around. Wherever you look, new casino sites are popping up all around the place making choosing the right casino a tough choice.

Probably the most popular game that can be found at online casinos is…

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Today it seems like no matter where you go, you hear about how the online casino business is growing at an amazing pace. Every player should try to match the cards to bring up the best 5-card combination possible. Here is what is you need to know to get started playing. Poker can be very profitable if you can sustain the variance.

Tough mind.

Study “game theory.” You don’t have to be a genius…

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It is all too common for people to go to Las Vegas thinking that they are going to change their lives only to come back a couple of thousand dollars poorer. Best of all, it has perhaps the best odds of winning. There’s something about playing a game and making money that really helps excites us. The following will outline the most basic bets you can make at the track.

Most off-track betting facilities offer $2 dollar straight bets.

Bet and the Deal….

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Learning to Play Texas Hold’Em Poker like an Expert

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The topic of legalizing casino gambling has been a hot one among Texans for literally decades, yet year after year Texas legislation either ignores it or votes against it.

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I Won The Lottery, Now What?

Blackjack is one of the most popular card games.  In fact, it is considered such a weak play that often professionals will consider a player weak if they see a player limp just once.

First off, the Blackjack version referred to below is the one that many people know, love and play – a dealer ‘no hole card’ game.  This is the version played in Europe, Asia and Australia – where every player with a bet in the box is dealt a face-up card, from left to right, and then the…

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How To Win At Poker And Make Money Gambling

The Basics of Poker: Limping. Winning is difficult because the casino has the advantage in every game and that is how they make money….

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Poker is a game of skill, but many people are unaware of this. There’s nothing like taking a small risk and earning quite a profit from it.  It is generally considered the hallmark of weaker players. Before the deck is shuffled or any cards are dealt players need to get comfortable around the table.

Be Smart And Have A Great Time Gambling In Las Vegas

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The World’s Most Popular Casino Game: Blackjack

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In casino gambling, almost everyone has a system to beat the house – and one of the most popular is the Martingale System. The cards dealt to the players are called the hole cards. Many of the so-called gambling experts swear that by using the Martingale System, games like roulette can be crushed for fun and profit. You decide on…

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Gambling with the Martingale System and Why It Doesn’t Work

Online Slots: Fun and Easy To Play

The game begins with each player of the Texas Hold ‘Em poker game receiving two cards. You need a combination of talents to world class player, but a blind robot could “make a living” at poker. In actuality it’s fairly simple, once all of the mystique is stripped away from the flow of the game. Choosing…

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One arguement against it is that there are not enough Texans interested in gambling. Knowing how to bet properly makes a day at the track even better

The Next Billion Dollar Opportunity? | Michael B. Fishbein

Schmidt, Google’s Executive Chariman.

If online gambling laws continue to be relaxed across the United States, it could represent a massive opportunity for entrepreneurs and investors.

New Jersey’s Governor Chris Christie recently signed a law allowing Atlantic City’s casinos to run websites that take bets on games such as blackjack, slots and poker, but require bettors to be physically present in the state. Juniper Research estimates that betting on mobile devices alone will be a $100 billion worldwide industry by 2017.

Laws

In the U.K., Zynga has partnered with Bwin.Party to offer games such as “FarmVille” slots for real-money betting.

Some large companies have policies against involvement with gambling, which reduces exit opportunities for companies in the business.

In addition, some large public equity investors, such as hedge funds, have policies against investing in gambling related companies and some general and limited partners of venture capital and private equity funds have similar policies, which could reduce liquidity in private markets.

Social Responsibility

Given the lengthy licensing process and regulatory concerns, new entrants are looking to partner with currently existing casino operators.

Concerns over social responsibility will have some consequences on investment considerations in the market.

Betable allows social game developers to add real, working gambling mechanics to their games.

Many believe that online gambling will soon become as simple as buying an e-book or streaming a movie, and that the convenience of being able to bet from your couch, will present incredible opportunities for entrepreneurs..

Chris DeWolfe, a co-founder of the pioneering social site Myspace, is launching a gaming studio with a gambling component. Overseas, online betting is generating an estimated $32 billion in annual revenue — nearly the size of the United States casino market. Investors include Jeff Bezon’s, Founder of Amazon, and Eric E. Delaware recently passed similar laws. Nevada’s law, signed on February 21st of 2013, lets land-based casino operators offer online poker only.

Startups

Partnerships and M&A

MGM Resorts and Boyd Gaming Corp, its partner in the Borgata casino in Atlantic City, have arrangements with Bwin.Party, which runs Internet gambling from Gibraltar.

Rational Group, the Isle of Man-based company that operates PokerStars, the world’s leader in real-money online poker, acquired the Atlantic Club Casino Hotel, one New Jersey’s 12 licensed casinos and will obtain and NJ Casino license with the transaction.

Market size

No one seems more qualified to exploit the opportunity than social gaming company, Zynga, with their established user base, expertise in driving engagement and virality, and iterative data driven product development process. They’ve already hired an executivefrom 888 Holdings, a gambling company, begun investing in state and federal lobbying efforts, and have applied for an operator license in Nevada and expect to launch their first real-money gaming products in international markets in the first half of 2013.

Zynga

Offline gambling is a massive market with validated demand, and many believe online gambling will be llarger

Las Vegas Casinos – InfoBarrel

I wonder when Britney plays blackjack and wants another card if she tells the Blackjack dealer “Hit Me Baby One More Time.” After all of Britney’s kids I think she was hit again.

Image Credit: (Flickr/davideferro.net) (Flickr/Chad Davis)

The New York New York Hotel and Casino was considered a truly amazing architecture and styling casino when it was first opened. Regardless of your budget you can find somewhere fun and unique to gamble while visiting Las Vegas.

Luxor Hotel and Casino

The 7-11 convenience stores in Las Vegas are everywhere. Downtown Las Vegas is much funner and generally cheaper then staying on the Vegas Strip. Just because you may want to visit an expensive Las Vegas Casino that does not mean you have to play there.

eat pyramids of Egypt. Fremont Street. Angelica Bridges starred on Baywatch and is also a favorite of Playboy readers. Do not attend the Slots-A-Fun Casino on a weekend or any other time the place is busy. Many people now days consider the New York New York Hotel and Casino to be slightly on the tacky side. It is modeled after the gr

The Palms Casino and Resort is where the middle class come to see the rich and famous. $3.00 Black Jack is the favorite game of many people in Las Vegas. The Luxor Hotel and Casino is really cool for two reasons. In 2007 they replace most of the Egyptian themed items and decorations. If it is summertime and over 100 degrees I highly suggest you do not walk the strip. The appearance is drastically different,. What other gaming property in Las Vegas can offer you a Slurpee? The fact that I can play video poker with bad odds and drink blue colored Slurpee’s all day makes the 7-11 convenience stores an awesome Las Vegas gaming property.

times.

The Gold Spike Hotel and Casino has some lower limit tables such as $2.00 Blackjack. They usually have some video gaming machines. $2.00 Blackjack is only available occasionally. You can find $1.00 black jack or $1,000 black jack tables. The Gold Spike Hotel and Casino also has a sports book inside called “Leroy’s Sports book”.

New York New York Hotel and Casino

The Slots-A-Fun Casino is located on The Las Vegas Strip. When you are speeding up to the top layer it looks and feels like you are flying of the edge of the building onto the roller coaster.

There are many casinos in Las Vegas Nevada. On a Sunday when there are only a few cars in there you can drive your car to the top. The New York New York Hotel and Casino is all of the fun of the real New York but a lot cheaper. You may have seen the Palms Casino and Resort on television. The Luxor Hotel and Casino of today appears much different then the magnificent building that was originally there. I love the 7-11 stores for gambling. I assume the inside of the Palms Casino and Resort is just as beautiful. I did once when it was 108 degrees and the soles on my shoes were soft from the hot asphalt and concrete literally melting my shoe soles away.. If you do want to see the Strip you are a very short bus ride away. From the high rollers VIP areas in fancy Vegas Casinos to the smoky keno rooms with ragged carpet. Slots-A-Fun Casino is a fun place to gamble cheaply if you go there during a slow time. You are right down by the Fremont Light Show and all of the casinos and sites located in the downtown area of historic Las Vegas. During peak nights the Slots-A-Fun Casino is packed with people wanting to play low limit games. You can also walk if you are not lazy. It is by the Circus Circus Hotel and Casino. The 7-11 stores are not considered a casino to most people. If the Aliens ever come to play poker they will probably come to the Luxor Hotel and Casino.

While visiting the Luxor Hotel and Casino make sure you get tickets to the show starring Angelica Bridges. At least they have not changed the sweet shape f the pyramid.

7-11

If you visit the Palms Casino and Resort make sure your bring your camera so you can take a picture of the Paparazzi who may be there outside snapping pictures of the rich and famous when they arrive at the Palms Casino and Resort.

The Palms Casino and Resort is a favorite of Britney Spears when she visits Las Vegas. I disagree. (readers or lookers?) The show is adult oriented so don’t take Paul “Pee Wee” Reubens with you.

Palms Casino and Resort

The Gold Spike Hotel and Casino is located in my favorite part of Las Vegas. If you want a tattoo they have a shop inside.

If you choose to stay at the Gold Spike Hotel and Casino during you vacation to Las Vegas you will be well rewarded with your choice of location. There are always exceptions and some great deals can be found for the Las Vegas Strip hotels and casinos during non peak

Gold Spike Hotel and Casino

I am a huge fan of the downtown Vegas properties but this strip property make my list. When the Slots-A-Fun Casino is empty of locals and tourists then it is a very fun place to gamble in Las Vegas. The Palms Casino and Resort has been the site of many TV shows. The roller coaster is fun…to watch. It is a popular spot for amateur photographers to snap a world class picture. The rich and famous come to the Palms Casino and Resort to be seen by the middle class tourists. I wish they would have kept the Egyptian theme at the Luxor Hotel and Casino. The first is the shape of the building. The parking garage at the New York New York Hotel and Casino is my favorite ride. I have never been inside the Palms Casino and Resort except for when I see this Vegas Hotel on television.

Regardless of where you want to gamble in Las Vegas you can always find something cool, tacky, common, rare, expensive, cheap, or even dirt cheap. If it is not a slow night then do not even bother to show up to the Slots-A-Fun Casino.

Slots-A-Fun Casino

At night time the Palms Casino and Resort is an absolutely gorgeous building. Slots-A-Fun Casino has many low limit table games including $1.00 blackjack. The other reason the Luxor Hotel and Casino is so cool is because of the huge light beaming out from the top of the Luxor into space. The Luxor Hotel and Casino has changed from an Egyptian theme to a corporate owned casino filled with gimmicky adverting

Understanding Horse Racing Terms

Sports in America is an addiction. It can judge a horse’s character at a moment in time, and his professional readiness.

Rabbit – A horse which is entered in a race to insure a fast pace, but that doesn’t last the distance.

Lugging In – This describes a horse that is pulling strongly to the inside (toward the rail) while running.

Shadow Roll – A roll of sheepskin strapped across a horse’s nose to keep it from looking down and shying away from shadows.

Juvenile – A two-year-old equine.

Turn Of Foot – Used to describe a horse’s acceleration.

Later in the movie (which is, by the by, a beautifully sensitive rendering of an amazing true story), a second reference to breezing occurs in a paramount scene. A one-mile race would be eight furlongs.

Going Away – To win a race while increasing the lead.

Ease Up – To slow a horse’s stride to prevent over exertion.

Tack – The equipment that goes on a horse, some of which is owned by the jockey.

Pari-mutuel – A system of wagering in which the total money wagered is distributed to winning ticket holders, less a fixed percentage returned for race track management, state tax, and the racing industry.

Sprint – A short race, usually seven furlongs, or less.

In Hand – Running a horse under restraint to conserve its energy.

Broodmare Sire -The father (sire) of the mother (dam) of an equine.

In The Money – For fans, a win, place (second), or show (third) finish that results in a mutuel payoff; for owners, a finish that results in receiving a portion of the purse (winning prize money).

Bear Out, or Drift Out -To drift, or veer out toward the outside of the track.

Blow Out – A workout before a race, intended to limber up the horse.

Plodder – A slow horse, usually one that lacks acceleration.

Off The Board – (1) A horse’s finish out of the money (fourth, or farther back); (2) Betting action on a horse which is being heavily bet.

Claiming Race – A race in which the horses are entered for a specific purchase price which may be claimed before the race. Pollard and Seabiscuit are preparing for their famous match race with the Riddle barn’s 1937 Triple Crown champion, War Admiral.

Fractions – Clockings of time at intervals in races, or workouts; generally, 1/8, or 1/4 mile increments.

Handicap – (1) To study the background of horses in order to determine wagering decisions; (2) A race in which the horses are assigned specific weights in order to bring about an equal contest.

The following is a short list of forty plus common horse racing terms and their specific meaning to the sport:

Post Position – A horse’s numbered position in the starting gate, numbered from the inside rail out.

Free Running Type – A horse that tends to take a strong hold of the mouth bit and pull its way to the lead in the early part of a race.

Paddock – An area where horses are saddled prior to the race.

Pace – The tempo and running time set by the leaders of a race in the early and middle stages of the contest.

Quarter – (1) One quarter mile; (2) The side of a horse’s hoof.

“We’ll find out,” Smith replied.

Clubhouse Turn – Usually, this refers to the turn found on the right-hand side of the track as seen from the stands facing the track.

Jockey John “Red” Pollard asked that question of trainer Tom Smith in the movie Seabiscuit: An American Legend.

Freshening – A horses’s vacation, or layoff from racing.

Scratch – To withdraw a horse from a race prior to its beginning.

Green – A description of a horse which is temperamentally immature.

Mudder – A horse that prefers muddy, or sloppy tracks.

Pollard agrees to do the task before the man’s cold feet take him back to his corner of obscurity. Understanding a sports’ verbiage makes the daily dosage much more interesting and enjoyable to watch for those who thirst. The man has little going for himself.

Length – This refers to the length of a horse, and is the distance referred to in describing the distance between horses in the running of a race.

This list can be used to make one’s racing viewing happier and more exciting. A bet on one horse automatically includes the other.

Mare – A female horse five years old, or older.

What is breezing? What were they talking about?

Gelding – A castrated male horse. There’s nothing like being up on categorical terminology for crisp involvement with the action.

Horse – (1) A generic term for an equine; (2) An uncastrated male equine five years old, or older.

Coupled – Two, or more horses that have the same owner, or trainer and are run as an entry. It happens daily.

Filly – A female horse four years old, or younger.

Eighth Pole – The colored post inside the inner rail exactly one-eighth mile from the finish line.

Understanding Horse Racing Terms“Does he breeze?”

An old friend and earlier employer of Pollard’s, still struggling in the thoroughbred racing game and hesitant to approach the risen star jockey, asks if Pollard will breeze his horse because he has no one else available. “I’ll breeze your horse,” Pollard replies, putting the man at ease, but unknowingly setting himself on a near future path of calamity.

Like football, horse racing has its unique terms. The practice is intended to weed out competitors and classify horses to keep the race fairly equal.

Dam – The mother of a horse.

A horse racing term often heard, breeze simply means: to run easily, under a hold, but with little encouragement. This is usually an easy morning workout for racers. It can also work to gather in new, vicarious participants, and those newbies who find themselves mated to a sports nut.. This procedure is generally performed to make a horse focus on running races.

Rank – A description used when a horse fights the rider’s attempt to relax it during the early and middle stages of a race, before full speed is needed.

Colt – A male horse four years, or younger.

Furlong – One eighth of a mile

How To Make Money By Trading In Tennis Matches

Article Directory: http://www.articledashboard.com

The rules of the system are as follows

Any sign of a player being injured and liable to retire

TENNIS TRADING SYSTEM

This system exploits the fluctuations in price that occur during a tennis match. You select the book offering the best price for the favourite. You can get a clue by studying the order of play and live scores via the internet.

I am using a progressive staking plan for this systemFurther details can be found on my website Tennis Gambling Systems

The price fluctuations are to my eyes out of proportion compared to the actual chances of a player eventually winning or losing the game, and this is where the system comes into its own.

Winning a set. Then when the game goes in-play you place your bet on the underdog at the calculated trading odds.

Andy White has many years experience in sports betting. You then use my trading spreadsheet (free from my website) to calculate your stakes. Tennis, cricket and football are his specialities. These are easy to find just go into the tennis section of the Betfair site, click on the coupons tab, and then click on ‘Today’s in-play tab’).

By: Andy White

So now you place your bet on the favourite with the chosen book (which could be Betfair, or any other of your active books), this can be done several hours before the match starts. Enter the odds for the favourite into cell i6, then calculate your required stake for the underdog, by putting odds into cell h6, gradually altering them until the net profit shown in cell k10 is 15% (or just over).

Only bet in mens games run by the ATP, where there is in-play betting offered by Betfair. There are three things which will have a big impact on the price of the two players.

Break points, or even more of an impact from a confirmed break

Only bet in matches where the price of the favourite is between 1.20 and 1.50, if there are many matches in a day that fit the bill then tighten this to 1.30-1.40.You have to be able to put a bet on the underdog when the match goes in-play so make a note of the start time of the match on the ‘Rules’ tab for the match.

Before the start of play you need to check the prices offered by all your active bookmakers by using Betbrain . For more information go to Tennis Gambling Systems

CAUTION – Matches quite often do not start at the stated time, they could get delayed by weather or a previous match overrunning, so you have to be flexible enough to be able to check regularly when the match is likely to start

Online Poker Regulation Stalls Amid Need for the Tax Revenue

“That would pay for a lot of programs that need funding,” he says.

That’s not to say the alliance likes everything about Reid’s proposed legislation. players to compete with poker players overseas. Harry Reid, D-Nev., and Jon Kyle, R-Ariz., to regulate online poker.

Not passing the bill, however, would be to invite chaos, its’ advocates say.

Not to mention that the potential revenue for government would be “extremely high,” Pappas said.

“This would establish a U.S. market for five years operators who previously offered online poker.

Such a prospect worries a variety of groups, including Catholic Advocate and grassroots organization 60 Plus Association, that say the unbridled expansion of online gambling would harm underage gamblers, seniors, the poor and people with gambling addictions.

The Poker Players Alliance says passage of Reid’s draft bill, or something like it, would be a good thing. who would be accountable to U.S. income tax on their winnings.

As the “fiscal cliff” looms, Congress is letting legislation languish that could bring in significant new revenue: a draft bill by Sens.

Read more: Top 6 Questions to Ask Your Financial Advisor

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If Reid’s draft bill were to become law, Pappas said, the federal government would collect and pass on to states billions of dollars in new revenue over 20 years. players and U.S. And it would exclude from the U.S. Since then, the disenfranchised have moved their play to overseas providers.

Gaming industry experts estimate that 10 million to 15 million U.S. It would allow the market to be run by regulated companies based here in the U.S. regulators.”

World News Videos | ABC World News

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The American Gaming Association, which represents brick-and-mortar casinos, sounds a similar note: Without congressional action, they say, problem gamblers and minors will be put at unnecessary risk, and law enforcement will lack the tools necessary to prosecute illegal online gambling operators.

Read more: What Happens If the Bush Tax Cuts Expire?

Without such a bill, the 50 states would be free to promulgate 50 different sets of online-gaming rules.. The bill, as drafted, would not allow U.S. “We have always advocated licensed and regulated Internet poker,” Pappas says.

Were online poker to be legalized in the United States, and were those winnings to be taxed, the added government revenue would be, Pappas said, “nothing to sneeze at.”

“We think that’s unduly unfair and would eliminate some of the best operators globally,” Pappas says. It’s impossible to estimate, they say, how much of that total poker represents; but whatever the figure, participants playing through overseas providers pay no U.S. “It’s part of the anticompetitive nature of this bill.”

The Department of Justice last year cracked down on Internet gaming by shutting down the three largest providers of online poker in the United States, says John Pappas, executive director of the Poker Players Alliance. gamblers wager $4 billion to $6 billion online, through websites whose owners are based outside abroad. system that would create strong regulations and keep bad actors out. The three catered to about two-thirds of all poker players in the United States who play online