OK, no need to freak out, but the Port Security bill that also makes any semblance of online gaming illegal seems to be going into effect sooner than many political typicos (self included) imagined possible, and that has big-time internet poker execs scrambling as the European markets are about to open.
The bill will likely be signed into law in two weeks, and it will go into effect immediately … at which point Congress will have nine months to figure out with internet companies and others how this is all going to work. It\’s gonna be interesting, I\’ll say that much:
PartyGaming, the operator of the world\’s biggest online poker site, said that if President Bush ratifies the law – expected within the next fortnight – it would immediately suspend all real money gaming business with US residents.