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Showing posts with label Harrah's. Show all posts
Showing posts with label Harrah's. Show all posts

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.