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Showing posts with label John Pappas. Show all posts
Showing posts with label John Pappas. Show all posts

Wednesday, June 15, 2011

What’s New in Online Poker?

Legally speaking not much, but what news there is isn’t good news

subject-poker-logoFirst off, a big shout out to the people at Subject: Poker.  This is a new poker news source website and they are definitely going the extra mile to ask the hard questions and actually check their facts.  In fact all of the new interesting news is being broken by them and every other poker and/or gambling website is rehashing old news (like a police department getting part of the seized funds from the 2nd online poker raid that hit DoylesRoom and TruePoker.

So what is going on?

  1. Cereus is 50-60 million in the hole (to players both US and offshore and other debts) and has about 10% of that in cash.  Is this bad?  Not if you hate money.
  2. Subject: Poker did an interview with John Pappas of the PPA in two parts.  You can read Part 1 and Part 2 on their website and they are definitely worth reading.  The reporter—Noah Stephens-Davidowitz (I believe that’s a Native American name) kept asking the extra question to get John Pappas out of the comfort zone.  I both found out some terrifying things about the PPA and also found some new respect for them and for John Pappas through this interview.
  3. Nothing.  Full Tilt is still not paying US customers.  Cereus is still not talking to anyone.  Nevada is still primed to take over organized crime licensing and regulating online poker as soon as a federal law is in place.  I will keep you posted when something interesting happens!

Thursday, February 17, 2011

The Poker Player’s Alliance Message from John Pappas

Last night (Wednesday Feb. 16, 2011) John Pappas sent out a message about online poker legislation. The first half was another lame attempt to justify their support for the Harry Reid legislation even though it included a 15 month freeze on all online poker while licensing, etc. was taking place.

My position is that even if you believe that the 15 month freeze won’t turn into a 20 month freeze or a forever-until-there-is-replacement-legislation freeze it is too brutal for those that make their living either playing or supporting online poker.  This is not a small number of people and includes yours truly so yes I do have a bias (just as the PPA should!).

There is no legitimate reason for ANY freeze in online poker during the enactment of this sort of legislation.  In fact the lack of a freeze during the enactment would be incentive for the state and federal govt. to speed the licensing process so they can start to receive tax and licensing revenue sooner. 

Other provisions of current legislation restrict people to playing against online people in their own country (or in the case of a recent California bill their own state)—this is also ridiculous—The United States has a great opportunity to license and regulate brands of online poker on our shores that would have a heretofore unknown level of integrity that would and should attract players from around the world.  And Yes I just said heretofore.

Please continue to put pressure on the PPA to reject ANY freeze on online poker in future legislation.  And to follow the rest of their stated plans for 2011 internet regulation:

During this Congress, the PPA will seek to improve key aspects of the draft bill, including:

  1. eliminate/reduce the playing freeze
  2. eliminate/reduce the restriction on global player pools
  3. increase the number of automatically opted in states
  4. establish favorable tax treatment for online players
  5. ensure that legislation does not unfairly discriminate against companies who currently serve the U.S. market.