Youbet.com Hails Chairman Frank's Online Gambling Legislation

[Shame About Ray]

WASHINGTON, May 6 /PRNewswire-USNewswire/ -- The head of the largest legal pure-play online gambling website in the United States, Youbet.com, praised legislation introduced today by House Financial Services Committee Chairman Barney Frank that would legalize and regulate Internet gambling and for his courage and fortitude on behalf of personal freedom.

"Chairman Frank's bill is a welcome and realistic approach to U.S. Internet gambling," said Michael Brodsky, Chief Executive Officer of Youbet.com. "Illegal U.S. online gambling is a growing multi-billion dollar industry. Chairman Frank's bill recognizes those realities and would bring this underground activity into the light - regulating it to prevent underage gambling and help problem gamblers, recognizing the personal freedom rights of American adults to gamble online if they so choose, safeguarding their winnings and providing much-needed revenue in these difficult economic times."

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