Key Takeaways
- A hearing on the Restoration of the Wire Act (RAWA) was held last week in front of the House Sub-Committee on Crime, Terrorism, Homeland Security, and Investigations.
- Republican Representative Joe Barton from Texas has let it be known that he intends to introduce a federal Bill to regulate online poker.
- Though investment firm Morgan Stanley has dropped its estimate of the US internet gambling market by almost half of its initial estimate, the firm still maintains a bullish outlook on the sector.
- Amaya CEO David Baazov stated during the conference call to announce the company’s 2014 record financial performance that he expects PokerStars to be available in New Jersey “in the next quarter.”
RAWA Hearing
A hearing on the Restoration of the Wire Act (RAWA) was held last week in front of the House Sub-Committee on Crime, Terrorism, Homeland Security, and Investigations. As expected, the event was strongly biased in favor of igaming opponents, and misinformation was the theme of the day.
One witness, John Kindt, Professor Emeritus at the University of Illinois School of Law, even went as far as to quote a 15-year-old study on internet security to substantiate his position. Though internet security expert Parry Aftab did her best to educate the subcommittee on modern technology, it was clear that the subcommittee had little interest in facts.
