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Poker Players Alliance Executive Director John Pappas said he believes that any differences on policy issues regarding tribes can be dealt with before Frank moves to mark up the bill.
Really it just comes down to that they are opposing it for business reasons, Pappas said. They want to preserve the monopoly in their home state, and they perceive the Frank bill as a threat to that.
The Poker Players Alliance, long the largest K Street force in favor of legalizing online gambling, spent more than $2 million on lobbying last year. The group has several power players on retainer, including Park Strategies, the Smith-Free Group, Ogilvy Government Relations and Ryan, MacKinnon, Vasapoli and Berzok.
The poker players have been joined recently by several other companies and entrepreneurs including California-based Youbet.com that are interested in taking a slice of what is expected to be a multimillion-dollar revenue generator.
Additional people have joined the fray in support of this legislation, Pappas said. People see an opportunity here to essentially regulate and create a new industry here in the U.S.