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My Take on this Internet Gambling Bill

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  • My Take on this Internet Gambling Bill

    After much more thinking about this.... one of two things is going to happen:

    1. People who gamble online are going to find a way around it, afterall the laws are not banning us from playing, but banning financial institutions to transfer money to gambling sites. Whether or not Neteller shuts down US customers is yet to be seen, but guaranteed someone new comes along overseas or in the islands that allows it. This is just going to be like the transition period when Paypal stopped letting us use them to fund sportsbooks and poker sites... Neteller came in and became the industry leader.

    OR...

    2. This is a big setup to finally legalize (at the least) Poker online by gaming companies such as Harrahs Entertainment or MGM. Just look at the buyout offer Harrahs Entertainment had the other day... A Private offer for $81 a share (when it was trading at $66) and Harrahs turned it down immediately. Think they know something we dont know?!
    Thank you Ryan Howard! <--- ITS A WINNER!



    2012 CFB: 3-7
    2012 NFL: 3-3

  • #2
    "Think they know something we dont know?!"

    It damn sure sounds like it, doesnt it?
    Hell, this government is so unbelievably lame that I don't think they could really stop anything!

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    • #3
      Originally posted by jackal
      2. This is a big setup to finally legalize (at the least) Poker online by gaming companies such as Harrahs Entertainment or MGM. Just look at the buyout offer Harrahs Entertainment had the other day... A Private offer for $81 a share (when it was trading at $66) and Harrahs turned it down immediately. Think they know something we dont know?!
      I agree with #2

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      • #4
        The problem with that is there are way too many social conservatives in the congress to ever legalize something like this.

        What is likelier to happen is legalization in states that already have sports betting (Nevada) and legal poker (Calif, Nevada and there may be others. This will likely be limited to residents of those states.

        My own prediction is that if this ever comes to the US legally, it will be done by the Indian tribes. The federal government has shown only limited ability to control Indian gaming and most court rulings have affirmed the rights of tribes to offer anykind of gaming they want

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