WebProNews

Poker Celebrity Phil Hellmuth Takes Down His Drunk Tweets!

Poker superstar Phil (Poker Brat) Hellmuth, who first started twittering December 18th last year has taken to Twitter like it's his personal diary. Hellmuth is using Twitter as a live outlet to express his frustrations after a losing hand during online poker play so the rail birds at UltimateBet can experience the full flavor of a Hellmuth outburst, just like on ESPN's coverage of the World Series of Poker. (Follow Phil Hellmuth on Twitter) Note: Since this article was originally published Wednesday, April 15th, many blogs and news sites were inspired to also run stories on Hellmouth's drunk tweets. Hellmuth has since taken down his twitter posts, but you can still read them on WebProNews.

Frank To Introduce Repeal Of Online Gambling Ban

Though Representative Barney Frank has gotten most of his attention due to his role in handling the economic crisis, the chairman of the House Financial Services Committee is also known for his nearly lone opposition to the Unlawful Internet Gambling Enforcement Act, almost unanimously passed in late 2006. Frank is holding steady on that opposition and, according to Reuters, will introduce legislation next month to repeal that law.

U.S. Regulators Issue Internet Gambling Rule

The U.S. Department of the Treasury and the Federal Reserve have issued the final rule to implement the controversial Unlawful Internet Gambling Enforcement Act (UIGEA).The Act prohibits gambling businesses from accepting payments from unlawful Internet gambling sites, including payments made with credit cards, electronic funds transfers, and checks.

EU Says U.S. Needs To Change Net Gambling Law

The European Union Trade Commissioner, Peter Mandelson said the Untied States should change the Internet gambling law that discriminates against European companies by not allowing them to offer their services in the U.S.

Online Gambling Addictions Growing

Gambling is big business, and in the so-called "lawless land" of the Internet, it's on the rise. Online gambling generated around $12 billion last year, spread out over roughly 2,300 gaming sites. Some studies indicate that the rise in gambling is being accompanied by an increase in gambling addiction.