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Frank spokesman denies rumor

22 February 2007

By Aaron Todd

Repealing the Unlawful Internet Gambling Enforcement Act is not on the House Committee on Financial Services' to-do list.



Committee Chairman Barney Frank (D-Mass.) railed against the UIGEA last year as an invasion of privacy before, during and after its passage last year, leading to rumors that he was moving to repeal the legislation. Reports that Frank suggested a two-year UIGEA amnesty helped lift PartyGaming's stock more than 10 percent yesterday, according to thisismoney.co.uk.



The rumors, however, are unfounded.



"As you know, he is opposed to restrictions on online gambling," said Frank's press secretary, Steve Adamske. "But there is nothing currently underway to repeal the restrictions on Internet gambling in the United States. There are a lot of reports coming out of Europe and I have no idea where they are coming from. There hasn't been anyone on our staff talking about that, including the Chairman."



PartyGaming stock fell by 3.6 percent in trading on Thursday.


Frank spokesman denies rumor is republished from Online.CasinoCity.com.
Aaron Todd

When he's not slaving away at Casino City, home-game hotshot Aaron Todd plays in a semi-regular poker game with his friends in the Boston area. While he is happy to play Texas Hold'em, he'd rather mix it up and include lesser-known games such as Omaha Hi/Lo, Razz, Deuce-to-Seven Triple Draw, and (his personal favorite) Badeuci.

After graduating from St. Lawrence University, Aaron worked in media relations for several college athletic departments. When he grew tired of long nights and weekends watching college sports in leaky press boxes, he decided to spend long nights and weekends watching professional card players in stuffy poker rooms.

A native of a small town in New York just south of Ottawa, Aaron lives in Needham, MA with his wife and son. Write to Aaron at aarontodd@casinocity.com.