What is your definition of Regulation?

[ericicecream]

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I personally do NOT want regulation. The major sites are plenty safe. Regulation is just a fancy word for big brother to say 'gimme gimme gimme.'

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I agree, but I don't think we will stay status quo. If their is not a successful challenge by the WTO or other means, then I doubt we have seen the last anti-internet-gaming legislation.

Regulation may not be better than what we have today, but may be better than what is to come (assuming no successful challenge).

[DrewOnTilt]

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Would you advise foreign operation of poker rooms to continue, be banned, or work side by side with companies based on US soil?

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I'm not sure about U.S. trade law, but many countries require that foreign companies operating in certain business segments take on a minority ownership role only. For example, my employer's operation in India is a joint venture, and we own a noncontrolling stake of 49%. The joint venture partner is the primary party that is held accountable for proper market conduct.

I envision a scenario where a company such as Harrah's would partner with Stars or Party, with Stars or Party owning 49%. Harrah's would then be held accountable for tax reporting, audits, and other regulatory requirements.

[*TT*]

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I envision a scenario where a company such as Harrah's would partner with Stars or Party, with Stars or Party owning 49%. Harrah's would then be held accountable for tax reporting, audits, and other regulatory requirements.

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This is protectionisim. See the WTO case of Antigua vs USA for more info.

TT [img]/images/graemlins/club.gif[/img]

[permafrost]

Article about the new law and how it will lead to regulation

This is a great read if you have not seen it.

[SNOWBALL]

I think regulations could potentially be very very bad. They might make the highest limit available 5/10 LHE or 100NL. They might tax it so badly that the rake goes up really high. They might place waiting periods on sign-ups. The more I think about it the more sick I get.