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Poker News in Brief: April 27-May 3, 2009
Welcome to another thrilling edition of Poker News in Brief on PokerListings.com.
Each week we compile a special list of stories for our readers that include headlines that weren't quite big enough to break the front page on their own.
In this week's edition we take a look at why Jeffrey Pollack didn't want a "recession" WSOP and some more information about new gaming legislation.
Online gambling legislation out next week?
First it was in March, then it was in April, and now with another self-imposed deadline about to pass, Rep. Barney Frank says he'll be introducing online gambling legislation next week.
Frank (D-Mass.) claimed during the Reuters Global Financial Regulation Summit in Washington Tuesday that he will introduce the bill next week seeking to legalize and regulate online gambling in the United States.
According to Reuters, Frank said the bill is being drafted this week and he will be ready to present it and move on it next week.
The bill has been set to the side for the past couple months while Frank and the rest of Congress focused on the economy and other pressing issues.
Canada feeling the effects of UIGEA
The Ecommerce Journal reported this week that even Canada has been affected by the Unlawful Internet Gambling Enforcement Act that was passed in the U.S. in 2006.
Apparently the problem stems with banks blocking legal transactions in Canada that involve the national lottery.
Constance Ladell, director of legal services for the British Columbia Lottory believes that the issues arise from UIGEA and was quoted as saying that unpopular law "occupies a vacuum where regulation should exist."
What recession? WSOP organizers optimistic about tournament numbers
WSOP Commissioner Jeffrey Pollack believes the economy won't have a huge impact on the biggest poker tournament in the world, according to a recent story with the Las Vegas Review Journal.
In the story Pollack mentioned that WSOP organizers are indeed aware of the economic downturn but it shouldn't affect the overall experience of the tournament.
"We could have planned a recession World Series of Poker and cut back but we didn't think that was the right thing to do," Pollack said. "That wouldn't best serve our players."
Pollack went on to mention the value in the first ever $1,000 (non-rebuy) event and at the opposite end of the scale the $40,000 buy-in anniversary event.
Check it out here.