November 20, 2009
Semi-legal Online Poker: the Regulation Paradox
Hmm, you know, it’s what been perplexing me, too … how some of the people who are pushing hardest for “our issue” are the people who stand to lose the most (in the short-term at least) should the Barney Frank or Robert Menendez bill(s) pass. The only explanation I can come up with is religious in nature … like sacrificing a cow.
But a drinky Steve Lipscomb and even drinkier online poker exec were offering up a bit more at G2E this week.
THE INSIDE STRAIGHT:
Officially, they want to be regulated, but …
Unofficially, large online poker sites have the best of both worlds
After his segment, Lipscomb found the executive at the bar — “three or four drinks ahead of me,†he said this week at the Global Gaming Expo at the Las Vegas Convention Center.
The executive had just finished an interview in which he said he wants his business to be regulated and taxed in the United States, instead of operating in a legal gray area. He had a different story for Lipscomb.
“He said, ‘Are you kidding me?’ †Lipscomb said. “ ‘I don’t want to be regulated and taxed. That’s the most ridiculous thing in the world. I’m making money without being taxed, without being regulated.’ â€
The executive’s conflicting statements illustrate the fractured nature of online poker in the U.S., Lipscomb said.
Word I’m hearing, btw, is that we’re drawing dead to a 1-outer in a 47-card deck for any anti-UIGEA legislation passing in 2009 … though I am (supposedly) eagerly awaiting to hear “good news” on the UIGEA delay — a move being pushed through the executive branch, not the legislative — like today … which I have come to learn in political circles probably means like Tuesdayish or maybe never.






















