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Showing posts with label Caesar's Palace. Show all posts
Showing posts with label Caesar's Palace. Show all posts

Wednesday, June 29, 2011

The PPA Sends Out a Notice to Support the Barton Bill for Online Poker

What’s in the bill?  Why should I support it?  Hey look over there it’s a shiny object!

moneyIn what has recently and especially since BLACK FRIDAY been typical PPA fashion, the PPA has released an email to members asking them to support the Joe Barton bill (H.R. 2366 The Online Poker Act of 2011) saying “The bill will restore your online poker rights by allowing licensed companies to offer Internet poker with real money play to U.S. residents”

  1. Really?  First, the idea that my rights will be “restored” implies I had some rights in the past, lost them, and now I have them again.  Did I used to have rights?  The DoJ says no.  Logic says yes.  If I did have rights before then they never went away did they?  No, they were just trampled on by villains…
  2. This bill does not NEED your help.  It is a pre-ordained second footfall from the legislation that has already passed in Nevada to let the huge US land casinos take control of the online poker industry in the US for the next 3 years which is 2 freaking years past the Mayan end of the world.

The specifics that I am interested in are the following:

  1. Will we be limited to play against only other US players or will these newly licensed cardrooms be opened to the rest of the world? (hint to US “rest of world” is the correct answer).
  2. Will there be limitations on the financial tracking the US can do for US players?  Yes there’s going to be some sort of tax component (although the majority of that should be a tax the CASINOS pay not just enforcement of US income tax.  For US income tax purposes the information the govt. gets should not be in detail form but some sort of summary annual number and hopefully a net number (total won-total lost for example) like they do on W2 forms for regular employees.

The things I’ve seen mentioned like the draft bill containing a clause that consumers couldn’t use credit cards to finance their accounts is silly.  First because you can easily bypass that regulation by getting a cash advance and shoving it in your checking account and second because it’s already very hard to finance gambling with a major credit card in the US because of the ruling that US citizens aren’t responsible for gambling debt to the card owners so they get a one time pass on any gambling they charge to the card (of course if you invoke the rule they ban you from credit cards forever).

So What Should You Do?

Nothing!  Just sit back and relax and watch the show.  Everything will be over very soon now…

Friday, June 10, 2011

Republican Joe Barton joins Harry Reid in Effort to License and Regulate Online Poker

Most of the time they hate each other with Joe Barton even apologizing to BP about the congressional inquiry regarding the oil spill.

joe_bartonOnline poker was crippled in the United States by a huge wake left by the US Department of Justice and the April 15th, 2011 indictments against three of the biggest online poker rooms in the world.  Those actions left at least 50,000 people without income the depended on to support themselves and their families.  I count myself among this group.

Since that time there has been action in Las Vegas where they have passed a state bill that will enable to well established land casinos (think Caesars and MGM Grand) to take control of licensing when and if a federal law enabling it is passed.  Well, here comes the other foot.

What seemed impossible before with several key republicans ready to block pro-gaming legislation, is now possible because of Rep. Joe Barton’s position as chairmen emeritus of the Energy and Commerce committee which is where they’ll launce their co-sponsored bill.  The trick here is giving the Commerce department the authority to license new online poker operators.  Ok so the shell is under the Commerce department cup—keep following the cups with your eyes there will be a test later.

Even though I don’t like the shenanigans that is attached to this recent round of internet poker drama I do, like so many other poker plays, want a solution for the US, so that we can once again play poker from our homes and promote poker playing opportunities to other Americans.

Someone drop an egg timer, let’s see how long it takes this bill to become a law.

Tuesday, May 24, 2011

Poker Players Alliance is in Washington DC Today

140px-PPA_logoEven though I don’t always (or lately often) agree with the direction and actions of the PPA I do support them today in Washington, especially on the heels of yesterdays astounding indictment of 10 more tiny poker and gambling sites (the most notable one being Doyle’s Room which Doyle Brunson distanced himself from a couple of weeks ago quite conveniently).
Please take the time today to go to the Poker Player Alliances TAKE ACTION page and lend support to the live people out in Washington DC today!

Keeping the Fear Alive

As far as most US online poker players are concerned, yesterday’s indictments had only a tiny effect at most.  By far the largest remaining online poker room that allows United States players is the Merge Network which includes Carbon Poker, RPM Poker, Lock Poker and several other skins.  Mysteriously they remain untouched.  Also surprisingly missing from recent persecution is Bodog, which had funds seized and was marked as “under investigation” in 2008.  So without making a big additional dent what the indictments have done is keep the spirit and feeling of “Black Friday” alive in the hearts of poker players.  Remind us that the government can step on us whenever it pleases regardless of how the public reacts (the govt. is supposed to work FOR the public right?) and also that it can ignore some pretty compelling legal issues against its cases as outlined in our recent post about Relentless Defense and their article on the legality and motivation of the Department of Justice’s actions on April 15, 2011.
According to what appears to be happening the land based casinos in Nevada will VERY soon be able to start licensing online poker for US citizens (but only against other US citizens). I have mixed feelings about this and will definitely go into it more as things develop, but mainly I don’t like the apparent corruption and synchronization between the government and these corporations.  Let’s see what tomorrow brings.

Monday, May 23, 2011

10 More Online Poker Rooms Indicted

bluff-logoFrom Bluff Magazine:

For those that thought the US crackdown on online poker would end at PokerStars, Full Tilt and the Cereus Poker Network, think again. Breaking news from Maryland indicates that three individuals affiliated with two online gaming companies are being indicted on charges of conducting an illegal gambling business and money laundering.

Monday the Department of Justice issued a statement announcing that Darren Wright and David Parchomchuk of BetEd and Ann Marie Puig of BMX Entertainment are being charged in two separate indictments. As part of the indictments, the Department of Justice seized 11 bank accounts located in Charlotte, North Carolina, Guam, Panama, Malta, Portugal, and the Netherlands as well as ten domain names. The domain names in question include a couple of recognizable sites, most notably DoylesRoom.com. Here is the complete list of domains seized:

Bookmaker.com, 2Betsdi.com, Funtimebingo.com. Goldenarchcasino.com, Truepoker.com, Betmaker.com, Betgrandesports.com, Doylesroom.com, Betehorse.com, and Beted.com.

The US Attorney for the District of Maryland, the IRS, and the Department of Homeland Security were all involved in building the case against online gaming software company ThrillX (DBA BetEd) and online payment processing company BMX Entertainment.

The investigation into the activities of the two companies included a sting operation in which the Department of Homeland Security set up a fake payment processing company called Linwood Payment Solutions. The company processed payments throughout 2009 both to and from the online poker sites. According to the affidavit, Linwood processed over $33 million in payments over the course of more than 300,000 transactions.

“It is illegal for internet gambling enterprises to do business in Maryland, regardless of where the website operator is located,” said U.S. Attorney Rod J. Rosenstein. “We cannot allow foreign website operators to flout the law simply because their headquarters are based outside the country.”

Read the Full Story at Bluff Magazine

Thursday, May 19, 2011

CEO of Ceasars Pleads for Legal Online Poker

Fox News:

gary_lovemanWhat isn’t being said are the details of what kind of online poker game Gary Loveman and Caesars wants.  The answer to that question is most likely a game that where they control a large portion of the market themselves and a game where they are excluding offshore investors and players from participating.

Ultimately the devil will be in the details of whatever plan is enacted.  Harry Reid’s plan which included a 15 month (MINIMUM) blackout period was ridiculous yet many were for it.  What lame plan will we enable out of desperation instead of fighting the US crackdown legally based on the fact that online poker is not illegal and therefore the UIGEA does not apply to it (which further means that the laundering and other money manipulations were done because banks were frightened mob-style to not provide services to offshore poker providers)

I hope everyone keeps their eyes open and also remember if Fox News is for it there has to be a catch!

Saturday, May 14, 2011

Caesars Hypocritical Stance on Online Poker

caesars-palaceHartley Henderson has written an interesting editorial on Caesars recent calls to for pro-online poker federal legislation even though they’ve partnered with one of the offshore baddies (888.com).

 

Read it here: Caesars Hypocritical Stance on Online Gambling is still Confusing

Sunday, May 08, 2011

Online Poker in Nevada in the near future? Scott Matusow says yep…

 

From www.scottmatusow.com

Harrah’s/Ceasar’s will be the first to roll out interstate online poker. The UIGEA only covers ” funding thru a financial institution illegal gambling”.. Nevada has legal gambling, and regulates it. It will be up to each individual state as to whether or not to allow online poker in their state. As it stands now, only a handful of states did not allow FTP/PS and others to serve them, and specifically have laws forbidding it. See, PS, by trying to team up with The Wynn Hotel, was trying to get into Nevada, and around The UIGEA. They were prepared to put in a ton of money to get into the “interstate online poker game”.. My contacts tell me that this triggered Harry Reid and Ceasar’s to use their contacts to give the “go ahead” for The DOJ to essentially muscle out the offshore giants, PS, FTP, AND UB/AP, opening up the market for Caesar’s first, then others will follow. In time, PS will return to the USA Market, once Interstate Poker is flowing, and most states allow it. This will trigger Federal regulation to allow PS/FTP and others to enter back into The USA Market, eventually. However, they will have to be legally incorporated in The USA, accepting corporate liability along with all other corporate law, and abide by any and all regulation at the time they enter back in. Basically, what has happened here is Caesar’s/Harrah’s saw a big offshore site, Pokerstars, try to move into their market in Nevada, and basically used/paid off their “people” to ensure that would just not happen.

Read the rest of the story here.