Face Up Entertainment Sees States Leading Fight to Legalize On-Line Poker Play
13 February 2013 - 1:30AM
Face Up Entertainment Group, Inc. (OTCBB:FUEG), a Reality Gaming
Social Network company, sees shift from federal to state
legislation in fight to legalize on-line poker play.
According to Poker News
(http://www.pokernews.com/news/2013/01/online-poker-lobbyists-will-shift-focus-from-federal-14115.htm)
beginning in 2013, the States on an individual basis, will be
leading the charge to legalize on-line poker play. This marks a
dramatic change from the last few years when these efforts were
being spearheaded at the federal level.
The state race is already underway, with Nevada, Delaware and
possibly New Jersey expected to have intrastate Internet Poker
operating sometime this year. Other states have been waiting to see
what happens at the federal level.
The proposal last year from Senate Majority Leader Harry Reid
(D-Nev.) and now former Senator Jon Kyl (R-Ariz.) would have
regulated Internet poker while prohibiting other forms of online
gambling to get support from liberals and conservatives. This
proposal was the best chance for legislation at the federal level.
Reid's office claims there might still be an opportunity to pass
the bill this year, but passage will be difficult without Kyl in
office to deliver Republican support. Poker lobbyists aren't going
to completely abandon Capitol Hill, but it's become clear that
their focus is better placed elsewhere.
"I think the tables have flipped, where it used to be a 70-30
focus on federal, and I think now it will be more like 30-70," said
John Pappas, executive director of the Poker Players Alliance. "The
PPA is really looking at the state opportunities for 2013 and
making sure we are in a position to impact any bills moving at the
state level."
States that Pappas considers most likely to pursue online poker
legislation this year are California, Illinois, Massachusetts and
Iowa. Others, like Pennsylvania and Maryland, may emerge.
Felix Elinson, the Company's CEO, commenting on the Poker News
release stated "with states like New Jersey and others that are
cash strapped, leading the way and aggressively pursuing the
legalization and regulation of online poker play, it makes good
sense for other Governors and state officials, to lead the charge
to get online poker legalized. We have been following activity in
various states, including California for movement on this
issue."
The Company's game proprietary platform (www.FaceUpGaming.com)
is being used in creating a vast global gaming
network consisting of games from every region of the globe,
supporting native languages as well as cross language
functionality. Logical additions to the platform include global
staples in gaming such as Backgammon, Poker, Chess and
Checkers and many others. Face Up Gaming is a legal
non-wagering online gaming
platform (www.FaceUpGaming.com).
Face Up Entertainment Group, Inc is committed to responsible
game-play and is not a gambling site. "Our goal is to
maintain the thrill of online games while keeping it safe
for everyone. "Our social networking functionality
provides the user base with the ability to grow their circle of
friends beyond those they physically reach day to day. Our users
sit down to play a game and more often than not leave making a
connection with a stranger which is then maintained via our social
network functionalities," stated Mr. Elinson.
The Face Up Entertainment Group, Inc. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=14445
Forward-Looking Statement
Matters discussed in this release may constitute forward-looking
statements. The U.S. Private Securities Litigation Reform Act of
1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective
information about their business. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation.
Forward-looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The words "believe," "good sensel," "anticipate," "leading the
charge", achievement," "may," "seek," "plan," "potential,"
"may," "should," "will make" and similar expressions identify
forward-looking statements.
The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, management's examination
of historical operating trends, data contained in our records and
other data available from third parties. Although we believe that
these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results
to differ materially from those discussed in the forward-looking
statements include our ability to identify and in-license and the
ability to adequately fund such targeted acquisitions. Risks and
uncertainties are further described in reports filed by Face Up
Entertainment Group, Inc. with the U.S. Securities and Exchange
Commission.
CONTACT: ir@gamefacegaming.com Tel: 516 303 8100
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