Online Casino Transfer: News - Cali Indian Fight

04/25/2010		Online Casino Style: News Cali Indian Fight - 2
Home History Games News Dictionary		continued from Cali Indian Fight - 1 The reason behind the delay from most representatives who voted ‘not yet’ was a need for more information. While Morongo’s Martin feels like he has all the information he needs about the potential effects that a regulated online gambling system might have, others – such as Chief Miko Beasley Denson of the Mississippi Band of Chocaw Indians – would prefer to see a comprehensive study completed before they back a proposal that they don’t necessarily agree 100 percent with. There have been some agreements made among the majority of tribal leaders, such as the preference that the new legislation on internet casinos will have to take into special consideration the effects that such a change will have on tribal income, and make allowances for the sovereign statuses of tribal governments. That will likely mean a variation in the taxes demanded of Indian online casinos, and a special category of regulations for commercial versus tribal operations, all of which is assumed under the Indian Gaming Regulatory Act of 1988. And Frank has already expressed that he’s more than willing to work with the nations, pointing out that his drive for the legalization of internet gambling is not to do harm to land-casinos, but rather to enforce market fairness in an industry that exists on a black-market plane regardless of the UIGEA. Partially due to his reassurances, many tribes have reconsidered what began as a wide spread fear that legalization would effectively cannibalize on the existing casino markets, which currently generate $27 billion annually for tribes alone. Congressman Frank has responded to tribal concerns. In a March 29 letter to NIGA chairman Ernie Stevens, the Democrat chair of the House Financial Services Committee said: I intend that this legislation should have no impact on (tribal) compacts with states; that is, the bill should not in any way impair existing rights regarding compacts either currently in force or to be signed in the future. “I don’t believe gaming tribes are opposed to Internet gaming as much as the legislation,” said Mohegan chairwoman Lynn Malerba.

04/25/2010

Online Casino Style: News
Cali Indian Fight - 2

continued from Cali Indian Fight - 1

The reason behind the delay from most representatives who voted ‘not yet’ was a need for more information. While Morongo’s Martin feels like he has all the information he needs about the potential effects that a regulated online gambling system might have, others – such as Chief Miko Beasley Denson of the Mississippi Band of Chocaw Indians – would prefer to see a comprehensive study completed before they back a proposal that they don’t necessarily agree 100 percent with.

There have been some agreements made among the majority of tribal leaders, such as the preference that the new legislation on internet casinos will have to take into special consideration the effects that such a change will have on tribal income, and make allowances for the sovereign statuses of tribal governments. That will likely mean a variation in the taxes demanded of Indian online casinos, and a special category of regulations for commercial versus tribal operations, all of which is assumed under the Indian Gaming Regulatory Act of 1988.

And Frank has already expressed that he’s more than willing to work with the nations, pointing out that his drive for the legalization of internet gambling is not to do harm to land-casinos, but rather to enforce market fairness in an industry that exists on a black-market plane regardless of the UIGEA. Partially due to his reassurances, many tribes have reconsidered what began as a wide spread fear that legalization would effectively cannibalize on the existing casino markets, which currently generate $27 billion annually for tribes alone.

Congressman Frank has responded to tribal concerns. In a March 29 letter to NIGA chairman Ernie Stevens, the Democrat chair of the House Financial Services Committee said: I intend that this legislation should have no impact on (tribal) compacts with states; that is, the bill should not in any way impair existing rights regarding compacts either currently in force or to be signed in the future. “I don’t believe gaming tribes are opposed to Internet gaming as much as the legislation,” said Mohegan chairwoman Lynn Malerba.