Posts Tagged ‘Gambling’

M.I.A. Calvin Ayres Surfaces

Wednesday, April 22nd, 2009

Calvin Ayres, the infamous founder of Bodog online casino and poker room, has resurfaced in Antigua after he mysteriously vanished for a while. The good news is he is alive and well, has taken permanent residence in Antigua, and has been receiving the media’s investigative approach in a very benevolent manner. This comes as quite a surprise, as Ayres has been unavailable for comment for quite some time.

So what’s he been doing? He’s been working on his charities, doing some consulting in Europe and Asia, running a coffee company, building a relationship with Haydock, which he claims will soon present Bodog games, and rebranding the Bodog brand. His recent comments include, “Stay tuned for some very interesting developments in Europe, and discussions have already begun with potential licensees for the Canadian and other markets.”

On the subject of the Bodog brand, Ayres says, “Bodog is often approached and is considering brand license arrangements with a number of potential partners, including a clothing line in the UK and certain retail offerings. They’re also in the process of formalizing a process for potentially interested partners to make this submission and evaluation process simpler – they will be launching a website shortly, which will tell others who think they have a product that will suit an edgy street brand like Bodog, and how they can enter into discussions with us. We hope to have this up over the next few months, as I think there are a ton of products that can be in the market under the Bodog Brand.”

On the subject of financial security, Ayres comments, “Most of my wealth was lost when the value of Bodog was significantly reduced in 2006 due to policy changes in its primary market. I have also donated a lot to charities and causes that I’m passionate about over the years, but the journey so far has been fun, so I have no regrets.”

At present, his current project is a “lighthearted and entertaining website featuring industry news,” featuring Bo Da Dogg, a canine character who will emerge as an industry analyst.

US Gambling Court Date Set

Sunday, April 19th, 2009

iMEGA, the Interactive Media Entertainment and Gaming Association, has finally been assigned a date to argue its case against the UIGEA. Come July 6th, 2009, the group will present its plea to the Third Circuit Court of Appeals. Judge Mary L. Cooper granted iMEGA the right to appear before the court in March, and now an official date has been set. While the court does have the option to change the date of the hearing, it must happen within the week of July 6th.

After all of the hoopla surrounding the UIGEA and the continuous efforts of many groups and individuals to sway Congressmen that poker is a game of skill, and the obvious revenue that the US has lost to overseas gambling, the day of regulation is sure to come.

Rep. Barney Frank has diligently argued in favor of the legalization of online gambling and the repeal of the UIGEA and believes, like many others, that it is an infringement on the constitutional rights of American citizens to deny them the right to gamble online if they so choose. While gambling at casinos in certain jurisdictions is perfectly legal, there is no argument for those who try to say that online gambling is harmful to society when it is already a part of society. The main reason that the online gambling industry was ever thwarted to begin with is the money that has been lost by land-based casinos thanks to online casinos and poker rooms.

Now with the increasing losses in possible taxation and revenue from online gambling, Congress and even land-based gambling institutions have realized the detrimental need to regulate the industry in a country that is believed to be the biggest market for online gambling in the world.

Rep. Frank has announced many times that he plans on proposing new legislation to Congress that would revoke the UIGEA and work towards legalization and regulation of online gambling. The July 6th date is one more step towards what so many Americans have been pushing for.