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Old 11-16-2007, 11:57 AM
0524432 0524432 is offline
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Join Date: Sep 2006
Posts: 461
Default The online poker status

The exact point I made to Mike Sexton at the GPSTS was that IMO we have not seen a permanent drop in the "action" at online poker rooms. While obv there was a drop, were are only currently floating along a plateau which is not permanent.

The U.S. government, as I hope you would agree, is not going to overlook the $3+billion in annual tax revenue that online poker has been estimated to generate. With PartyGaming and other offshore companies having such a choke hold on the market though, the online poker market was very much out of the U.S.'s control.

Now that they have shut it down (as much as they can anyways) they can move through the obnoxious process of working appropriate regulations into law through the several proposed bills. From there, IMO, they will be very much willing to help U.S. based companies like Harrah's get the ball rolling with U.S. based online poker operations, and then they will see and control that tax revenue.
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