New York Representative Peter King has reintroduced legislation attempting to federally regulate online poker. This version is likely different than the version pushed by Senate Majority Leader Harry Reid of Nevada. His preference is to have federal regulation and licensing, but biased toward the large Nevada casino companies being the only companies to be able to provide the games.
My view is that if the legislation can't be crafted to lock in the big Nevada casino companies as being the only online poker operators nationally, no federal bill will pass. The fallback for the large operators will be a state by state approach, where the size of their checkbook will buy the licenses, keeping out competition, particularly foreign operators.
Foreign operators would be better served by trying to enter the US market by finding unique US-based opportunities to be their beachhead and not take on the large Nevada gaming companies head on.
The renewed efforts do show that online gaming and gambling is becoming more mainstream and as governments look for more sources of revenue, gambling suddenly becomes palatable.
The story can be found here.
Saturday, June 8, 2013
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1 comment:
I hope guys who can't play poker come over to a site like
DraftStreet where you get the same juice playing the weekly and daily leagues.
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