US Online Gaming shut down, legalization to follow (Congress, FBI, Reid)
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This will pave the way for United States based companies to lead the online poker industry and at the same time take advantage of the billions of dollars of taxable income it has missed out on since attempting to snuff it out with regulation.
Anybody else care about this? I'm out of a job at the moment so this just turned me upside down. Looks promising for the future but is a major set back to the industry in the short term.
Blame america's puritanical past for its attitude over "sin".
We lose out on being the forefront of online poker, online full-service casinos, comprehensive online sports-books, etc to the europeans and asians. This is asinine.
I hope the end result is what you are suggesting, but I don't see why they had to go about it this way. The US gov has been gunning for online poker for a long time - I am not in the camp that they are doing this to somehow take over the industry. It really feels like they want to shut it down
I hope the end result is what you are suggesting, but I don't see why they had to go about it this way. The US gov has been gunning for online poker for a long time - I am not in the camp that they are doing this to somehow take over the industry. It really feels like they want to shut it down
These sites make huge amounts of money. Up to 500k people from around the world on them at one time. Online poker is definitely not going away.
Back in December Senator Reid introduced a bill that was going to black out online poker in the US while U.S. companies could get established and be able to compete come legalization.
A 15 Month Poker Blackout? (http://teammoshman.com/a-15-month-poker-blackout/ - broken link)
At the last second, via the lame duck congress, this bill did not go through. So for the last 4 months people have been carrying on as usual. Meanwhile the FBI puts together this investigation, Online poker sites sign with Casinos, and D.C. legalizes online poker within its district.
They clearly set them up to be able to re-establish themselves, they will just soon be under US law.
These sites make huge amounts of money. Up to 500k people from around the world on them at one time. Online poker is definitely not going away.
I am aware, I've been playing for a decade on various sites and been close to the industry for a long time. Its not going away as a whole, but its taken a huge step back today
I am aware, I've been playing for a decade on various sites and been close to the industry for a long time. Its not going away as a whole, but its taken a huge step back today
Me too man. I just lost my job.
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