By Frank Curzio in Growth Stock Wire:
Last Wednesday, the House Committee on Ways & Means held a hearing to reverse the ban on online poker in the U.S.
The basis of the discussion was the potential tax benefits if online poker becomes legal again. Said another way, the government is desperate for cash right now.
George W. Bush banned online poker in September 2006, signing into law the Unlawful Internet Gambling Enforcement Act. The law prohibited poker players from depositing money with online poker sites through U.S. banks.
According to Poker Players Research...
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