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MGM, Harrah's to enter the online poker market?

  • 18-11-2007 3:39am
    #1
    RoundTower
    Registered Users, Registered Users 2 Posts: 5,083 ✭✭✭


    From the Las Vegas Review Journal: http://www.lvrj.com/business/11339181.html

    The article suggests both companies are preparing for a time when online poker is explicitly legal in the US. These guys have a lot of money so if anyone can make it happen, they can.

    Hotspur?


Comments

  • #2
    ocallagh
    Registered Users, Registered Users 2 Posts: 3,141 ✭✭✭ocallagh


    RoundTower wrote: »
    From the Las Vegas Review Journal: http://www.lvrj.com/business/11339181.html

    The article suggests both companies are preparing for a time when online poker is explicitly legal in the US. These guys have a lot of money so if anyone can make it happen, they can.

    Hotspur?

    http://www.boards.ie/vbulletin/showthread.php?t=2055184544


  • #3
    hotspur
    Registered Users, Registered Users 2 Posts: 2,328 ✭✭✭hotspur


    RoundTower wrote: »
    From the Las Vegas Review Journal: http://www.lvrj.com/business/11339181.html
    The article suggests both companies are preparing for a time when online poker is explicitly legal in the US. These guys have a lot of money so if anyone can make it happen, they can.
    Hotspur?

    What the American Gaming Association wants they get, MGM & Harrahs are part of the AGA. When the official position of the AGA changed from encouraging prohibition to lobbying for a scientific study of the possibility of legalising and regulating from the National Academy of Sciences the writing was on the wall.

    The only question is the time frame. God knows when and how it will be sorted out. It's a pretty big mess they have got themselves into.


  • #4
    5starpool
    Subscribers Posts: 32,864 ✭✭✭✭5starpool


    The whole tax payable by Americans will surely be an issue if this is to be officially legalised, won't it? Be interesting to see how it works out.


  • #5
    luckylucky
    Registered Users, Registered Users 2 Posts: 2,437 ✭✭✭luckylucky


    Has it occured to anyone else that maybe when it does become legalised in the US that the only poker companies allowed to operate legally by the US authorities are ones that are based in the USA. This could have bad repercussions then for poker as a whole....

    Other governments I'm sure would not be happy with a situation whereby money was flowing from their economy to the US, hence they would start doing the same, this would be disastrous of course, worse than even than the current ban on US players on a lot of sites.

    I realise this is a worst case scenario but just throwing the thought out there


  • #6
    RoundTower
    Registered Users, Registered Users 2 Posts: 5,083 ✭✭✭RoundTower


    luckylucky wrote: »
    Has it occured to anyone else that maybe when it does become legalised in the US that the only poker companies allowed to operate legally by the US authorities are ones that are based in the USA.
    this is more or less the legal situation at the moment (replace "poker companies" by "gambling companies"). The US has signed a treaty which does not allow it to be protectionist in that way, and the WTO has ruled it is in breach of this treaty.

    Now the US is famously contemptuous of international treaties it signs regarding trivial matters such as air pollution, nuclear proliferation, and human rights. So you might think this means little. However this treaty deals with real cash money, so they will probably toe the line eventually.


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