Thursday, October 05, 2006

Online Poker Ban

The online poker industry has definitely taken a severe hit because of the Unlawful Internet Gambling Enforcement Act of 2006. However, since the passing of this bill several online poker sites have come out and released statements on the passing of the bill. Some of the online gambling companies are closing up shop while others are going to play the waiting game.

Calvin Ayre from Bodog.com came out and spoke about some of the proceedings from the Unlawful Internet Gambling Enforcement Act and he is stating that Bodog.com will monitor the situation closely as he feels the ramifications from affecting them are still a few months away. However, he feels his company is not dependent strictly on online poker to continue to run a successful business and they will be focusing on the international market. He does realize that there are other avenues that Bodog.com will have to venture into to stay a leader in the industry.

PartyGaming (the home of party poker) has felt the adverse affects of this new bill and they realize that it is practically impossible to provide their existing US players and future players access to its real money sites. Here is a quote taken from PartyGaming on the situation: "the Board of PartyGaming has determined that if the President signs the Act into law, the Company will suspend all real money gaming business with US residents, and such suspension will continue indefinitely, subject to clarification of the interpretation and enforcement of US law and the impact on financial institutions of this and other related legislation."

Now, for all those players that are not US Residents the tables are open to play poker and to collect your winnings. PartyGaming is now turning their attention to further developing their existing markets that are outside of the US and to continue to work on hitting new markets and products. This is definitely a huge hit to this company and we will all have to wait and see what is going to happen next.

888 Holdings has also taken a serious step as they will also suspend US participation on their websites. They are going to implement the suspensions as soon as the legislation takes effect. The Unlawful Internet Gambling Enforcement Act of 2006 is going to have a serious impact on their business as a whole but they like Bodog.com and PartyGaming feel they have enough resources to continue to run their business and look for opportunities in different markets.

This bill has generated a lot of angst amongst the public and company owners and it is not going to dissipate any time soon. For all those players that want to make a difference and try to keep playing online poker, make sure you sign the petition at the poker players alliance.

If you found "Online Poker Ban" interesting, please share it with others by bookmarking it at the following sites:

Bookmark Online Poker Ban at del.icio.us Digg Online Poker Ban at Digg.com Bookmark Online Poker Ban at Spurl.net Bookmark Online Poker Ban with wists Bookmark Online Poker Ban at Simpy.com Bookmark Online Poker Ban at NewsVine Blink this Online Poker Ban at blinklist.com Bookmark Online Poker Ban at Furl.net Bookmark Online Poker Ban at reddit.com Fark Online Poker Ban at Fark.com Bookmark Online Poker Ban at blogmarks Bookmark Online Poker Ban at YahooMyWeb

2 Comments:

Blogger STICKYBOI - said...

i agree with the legislation which aims to ban credit cards as a payment method for online gambling of any sort... and i think it should be enforced worldwide – not just in America. In fact, gambling with a credit card should be banned full stop. Not just on the internet. It’s a no brainer when you consider you are placing somebody else’s money on an uncertain event happening, with the aim to recoup more than you invested. Chance and credit do not mix well in my opinion, and continuing to allow it would only contribute further to negatively affecting the high levels of personal debt many citizens today find themselves in. I do however, think that the prohibition won't work; or at least it won’t be received well amongst gamblers - i mean what’s the point in banning a credit card payments made on an online poker game, for example, but not online sports betting? Slightly hypocritical no? I mean how can you allow someone to participate in online horse racing betting, but not put any money on a hand of texas hold’em poker? both activities involve a large degree of chance, and neither are guaranteed to yield financial return.
What really infuriates me is that the minority of irresponsible gamblers [those paying with someone elses money!] have now ruined the fun of online betting for everyone else - those like me who pay with money they actually have in their bank!!
At least for the Americans there is always the free online poker games!

9:46 AM  
Blogger dave said...

I agree with the legislation which aims to ban credit cards as a payment method for online gambling of any sort... and i think it should be enforced worldwide – not just in America. In fact, gambling with a credit card should be banned full stop. Not just on the internet. It’s a no brainer when you consider you are backing the outcome of an uncertain event with somebody else’s money. Chance and credit do not mix well in my opinion, and continuing to allow it would only contribute further in negatively affecting the high levels of personal debt many citizens today find themselves in. I do however, think that the prohibition won't work; or at least it won’t be received well amongst gamblers - I mean what’s the point in banning a credit card payments made on an online poker game, for example, but not on other kinds online sports betting? Slightly hypocritical, you not think? I mean how can you allow someone to participate [with or without a credit card] in horse racing betting on the internet, but not put any money on a hand when they play texas holdem poker online? Both activities involve a large degree of chance, and neither promise to yield financial return. What really infuriates me is that the minority of irresponsible gamblers [those paying with someone elses money!] have now ruined the fun of online betting for everyone else - those like me who pay with money they actually have in their bank!! At least for the Americans there is always the free online poker games!

7:17 AM  

Post a Comment

<< Home

b