Life after UIGEA
I am seeing quite a few posts about Rep. Barney Frank and new legislature that will involve the UIGEA. I think that is very good and am very optimistic about things happening in favor of us Poker Players. However, I do have some questions.
Counting My Outs reports on an e-mail that is being sent to all World Sports Exchange customers as a courtesy to the Antigua Online Gaming Association.
The Gist of it is to contact our Senators and Representatives regarding the World Trade Organization because the WTO has found that the US’s application of its laws against Antiguan entities is protectionist and in violation of the General Agreement on Trade in Services. They say that the US credibility is at stake (which I agree).
Dugglebogey has another short post about Barney Frank taken from The Agitator.
Chipper posts the following:
It is inevitable that online gambling is going to be regulated and that the big casino companies are going to run them. I just hope that once this happens that the rakes and the taxes on playing won't be so high that it will ruin the whole thing. Rake is bad enough now, but I fear it will get worse when it's finally regulated. Time will tell.
O.K. My questions are, and these are all post UIGEA:
1. Will we be able to play all the online sites or just U.S. Sanctioned sites?
2. How long is this going to take. I put it at 24 months at the most and may be less.
3. Does Online poker really have an adverse effect on B&M Poker Rooms? IMHO online poker helps B&M poker rooms as it allows people to learn the game and then they will go to the B&M Poker rooms to play as opposed to if there were no online poker. I know I never would have gone to play live if I hadn't played online first. I wouldn't have had the confidence in my game to play against experienced players.
Guess that's it for now. It's going to be an interesting 24 months.
Counting My Outs reports on an e-mail that is being sent to all World Sports Exchange customers as a courtesy to the Antigua Online Gaming Association.
The Gist of it is to contact our Senators and Representatives regarding the World Trade Organization because the WTO has found that the US’s application of its laws against Antiguan entities is protectionist and in violation of the General Agreement on Trade in Services. They say that the US credibility is at stake (which I agree).
Dugglebogey has another short post about Barney Frank taken from The Agitator.
Chipper posts the following:
It is inevitable that online gambling is going to be regulated and that the big casino companies are going to run them. I just hope that once this happens that the rakes and the taxes on playing won't be so high that it will ruin the whole thing. Rake is bad enough now, but I fear it will get worse when it's finally regulated. Time will tell.
O.K. My questions are, and these are all post UIGEA:
1. Will we be able to play all the online sites or just U.S. Sanctioned sites?
2. How long is this going to take. I put it at 24 months at the most and may be less.
3. Does Online poker really have an adverse effect on B&M Poker Rooms? IMHO online poker helps B&M poker rooms as it allows people to learn the game and then they will go to the B&M Poker rooms to play as opposed to if there were no online poker. I know I never would have gone to play live if I hadn't played online first. I wouldn't have had the confidence in my game to play against experienced players.
Guess that's it for now. It's going to be an interesting 24 months.
posted by Wolverine Fan | Monday, April 23, 2007
3 Comments:
1. Don't know.
2. I'm afraid its going to take much longer than any of us would like. I would be thrilled if we had resolution by the end of 2007, but I think your 24 month estimate is probably a more reasonable estimate.
3. Online poker is positive for the game of poker, players who are interested in the game, and for any and all B&M poker rooms. If/when this is all run by the big casino companies, they won't care whether people are playing online or in their casinos, as long as they're playing. But given the opportunity to run it, I think they'd do it in a heartbeat, because I think they'd make a LOT more money from the online sites than from a B&M room. Some players will come out of their shells and play live when they're comfortable enough, but most people that play online will be content to just stick to online as their only way to play. If you're asking if B&M rooms should/are against the legality of online poker, I think its an overwhelming no, because while poker may not generate the same amount of money for the house that slots and table games do (and I've heard poker rooms actually cost more than what they bring in), it still brings in people (read: money), and generally some of those people (their money) end up at -EV games as well as the poker room. But I don't think you were asking that.
I need to get off my lazy ass and write my representatives...
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