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The First Step...

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The First Step... - Fri Jun 24, 2011, 04:50 PM
(#1)
ericnnancy's Avatar
Since: Aug 2010
Posts: 977
BronzeStar
Well, the first step has been taken to get poker back to the US...

http://news.yahoo.com/s/ap/20110624/..._legislation_5
 
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Fri Jun 24, 2011, 05:25 PM
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Moxie Pip's Avatar
Since: Aug 2010
Posts: 3,853
Yeah Barton has always been a solid supporter of on-line poker. Could get through his committee,but the committee that gives me pause is the (potentially) most important one on this issue--the House Financial Services Committee (Barton serves in the Energy and Commerce Committee). We used to have a huge ally controlling the gavel in HFSC in Barney Frank,but with the GOP takeover in the House Spencer Bachus of Alabama controls that committee and there is no bigger opponent to on-line poker anywhere.

He has likened on-line poker players to crack addicts and is a complete zealot on the issue,so to me if any bill can clear HIS committee (or even get a vote in his committee...)then it would probably be smooth sailing in the House after that.

On the plus side if any legislation ever does make it's way to the Senate John Kyl of Arizona,who has been the biggest naysayer in the Senate on this issue,had softened his position of late,so that's hopeful.

And the starkest reality is the money crunch our government faces right now. New revenue sources are needed,badly. So in a perverse way the economy being in the crapper is our biggest ally right now. Hey does anyone think it's just a coincidence that the Volstead Act (Prohibition) was repealed during the Great Depression? When money's tight moral consideration's tend to go out with the bathwater.

Keep your representative and Senators aware that this is a key issue to you everyone,and that you will be watching them on it. The White House as well. Fire off an e-mail,let them know that we are a community to be reckoned with come election day.
 
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Fri Jun 24, 2011, 05:54 PM
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ericnnancy's Avatar
Since: Aug 2010
Posts: 977
BronzeStar
The Republican lawmaker from Texas told The Associated Press that the bill would let states choose whether they want to allow residents to play poker on the Internet, and operators would be required to already have gambling licenses in at least one U.S. state.

Provisions in the bill restrict those who could apply for a license for the first three years to licensed gambling companies that have significant assets, and require significant vendors to be scrutinized the same way.




OK...so do I see a loophole once again created by our government or am I way off base here?

More than likely Caesars will get a license and run through WSOP.com, but the provision only calls for the license to be granted to operators already with gambling licenses in one US State.
So, couldn't Wynn get the license and have his site "Powered by Pokerstars"?
So, even though Pokerstars couldn't be granted a license, couldn't they still be a power player in the US Market?

Just curious if I am off base here or is our government going to kick themselves again?
 
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Fri Jun 24, 2011, 06:04 PM
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JWK24's Avatar
Since: Jun 2010
Posts: 24,809
(Super-Moderator)
BronzeStar
Quote:
Originally Posted by ericnnancy View Post
off base here?

So, couldn't Wynn get the license and have his site "Powered by Pokerstars"?
So, even though Pokerstars couldn't be granted a license, couldn't they still be a power player in the US Market?

Just curious if I am off base here or is our government going to kick themselves again?
it's exactly what SHOULD happen. Wynn partners with stars... he gets the license and puts the server in his casino.... stars has the proven software that they'll use.
 
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Fri Jun 24, 2011, 06:13 PM
(#5)
Moxie Pip's Avatar
Since: Aug 2010
Posts: 3,853
My take is that if this legislation CAN make it through (fingers and toes crossed and I'll tie "it" in a knot if it helps to...) and pass then Wynn will trip over themselves they'll be running back to hook up with Stars so fast. Probably the casinos and sites already have all this worked out through back channel communiques as we speak.

Why wouldn't you want to hook up with Stars if you're one of the casinos? They already have the product,the name recognition,the clientele (ESPECIALLY if the site remains open to all,and not a separate US peeps only site...),they have the business model (anyone out there think anyone else in the industry even comes close to offering everything Stars does?) AND they have the highest level of integrity in the game. (Just look at how Stars has handled paying out the US peeps compared to...well you know who).

Look I never put it past our government to have the ability to Charlie-Fox a nickel lemonade stand in Death Valley on the 4th of July,but if they can just pass some form of legislation and let the operators work out the nuts and bolts of actually running things and just collect their tribute and put their stamp on regulating the site(s),then this can work out. If Uncle Sham wants to be too hands on then peeps will probably bail like a canoe going over the falls.

Last edited by Moxie Pip; Fri Jun 24, 2011 at 06:15 PM..
 

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