industry giants say, "Not so fast"

[Wynton]

I'm sorry if I'm making the same point I did in another thread (I can't keep these threads straight anymore). But in case I didn't:

This news should not be surprising. It would have been shocking if the companies were not developing strategies for challenging the law. But just because someone can come up with a creative challenge does NOT necessarily mean that the law will not go into effect during the pendency of the challenge (let alone that it will succeed).

[DONTUSETHIS]

[ QUOTE ]
This news should not be surprising. It would have been shocking if the companies were not developing strategies for challenging the law. But just because someone can come up with a creative challenge does NOT necessarily mean that the law will not go into effect during the pendency of the challenge (let alone that it will succeed

[/ QUOTE ]

It is hard for me to think that an industry as big as this one would just roll over and die. They have noting to lose to try.

[Autocratic]

[ QUOTE ]
Careful, guys. They may be right in this case, but this is not a reliable source for this type of information. This piece is super sketchy and vague, even for an anonymously sourced article.

Basically, I'm hoping that they know something, but I won't be surprised if there are no meaningful statements issued on Monday. YMMV.

[/ QUOTE ]

Agreed on the source, but I don't think we need a major paper to tell us that companies worth billions of dollars aren't going to take this lying down.

[toss]

Does this mean we're going to see a war this coming monday?

[Lawman007]

That's a pretty vague article from an obviously biased internet publication. I'll believe it when I see it.

The time to oppose this bill was before it passed. It is going to be much, much more difficult to do anything about it now that it has passed.

[b33nz]

LET US GOGOGOGOGOG!!!!!!

[jeffman]

The statements are just to help reduce the damage to their stock by a little. I don't see this as a really big deal.

[Hock_]

[ QUOTE ]
The time to oppose this bill was before it passed. It is going to be much, much more difficult to do anything about it now that it has passed.

[/ QUOTE ]

Agreed. These guys were clearly asleep at the wheel. Allowing the legislation to pass without a monumental effort to stop it could cost them BILLIONS of dollars. I'm more inclined to believe that they had their heads in the sand all along and just got a major kick in the ass, which means that they're scrambling big time now.

Better late than never, I suppose, but man did they ever f&#% this one up.

[Losing all]

Hard to read with all the flashing on that page. I'm sure EOG, theRX, PSO, and SBR will follow suit with positive articles of their own.

[Miamipuck]

Any thought as to why Harrah's and MGM did absolutley nothing to stop this legislation?

Could they have wanted it, so they can come in and start their own US based sites. Once, they mobilize their huge Lobby's, is it possible they can get Online Poker regulated?

Seriously, Harry Reid could have put a hold on this bill but chose not to. Whose to say that after they initially outlaw online poker, the US based companies fund studies. Those studies say the Gov't could make an assload if it was properly regulated, obviously this would be a given. Then Harrah's, MGM etc. get it regulated. Finally, with their deep pockets they can go ahead an eventually buy up Party or Poker Stars. Then we are basically where we are today, sans prohibition ............. anyway just an out of the box thought.