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Do you consider the current state of affairs preferable?
Keep this in mind if this ever passes in the form it seems to have been written. I’m saying there is alot of room for potential abuse. Which maybe its downfall. Obviously, its probably not going to pass like it is now. Too many ambiguious ?’s.
The question you have to be asking yourself. Is if the Market is License to a few including a few resident properties. Why would Sportsbooks and Casinos want to pay affiliates? They will have unlimited access to the Media (which is not the case now). Beleive me these guys would’nt pay us if they didnt have too. They have too because of the limitations in Advertising they have and the competition between properties. You open up the Advertising and limit the properties those two elements are now gone. Why would you need affiliates.
So those 11 states that Microgaming does not allow – those are the only states where onlne gambling would be legal, and that’s if they don’t introduce their local anit-online gambling laws…
Exactly, but according to the writeup at American Idol 911
To protect States’ and Indian tribes’ rights to control gambling activities within their respective geographic borders, the Act permits States and Indian tribes either to prohibit Internet gambling activities or impose limits on various types of Internet gambling activities.
They don’t exclusively include States. It says “Geographic Borders” Ok,well; What do they feel is a Geographic Boarder. Within 2-3 hours of a Casino or Indian Gaming Property? If thats the case it very will could cover 90% of the Continual US.
So those 11 states that Microgaming does not allow – those are the only states where onlne gambling would be legal, and that’s if they don’t introduce their local anit-online gambling laws
That makes no sense, the federal law will not over ride state law, and those 11 explicitly have made online gambling illegal.
Why would retailers who have free access to the media, can advertise in the United States (or anywhere) as much as they like, and offer products and services which are completely legal need affiliates either?
Thank god they do, as I earned MORE money last month from retail then I did gaming. Six months ago before UIGEA that certainly wasnt true as online gaming made up the bulk of my income.
UIGEA did horrendous damage to the bottom line for most of us and put thousands of industry employees out of work. It cost shareholders of publically traded companies HUNDREDS of Millions of dollars in lost market capitalization. It is slowly strangling many of the privately held firms.
Regulation couldnt possibly be as bad as UIGEA.
A proof that this was not good news:
That makes no sense, the federal law will not over ride state law, and those 11 explicitly have made online gambling illegal.
Well, than you are left with nothing, as the rest of the states do not have legal casino gambling…
Uhhhh Neither Party Gaming or 888 holdings accept US players.
They LEFT OUR MARKET AFTER UIGEA.
There market value plunged after the pull out form the US. If they were allowed to return to the US in a regulated enviroment do you think that would HURT their potential bottom lines?
The market reaction may indicate that there are concerns the bill is not a full repeal as was hoped for. It also means investors believe that a return to the US market is CRITICAL to these companies. If it didnt then they wouldnt have budged at all on this news.
The last sentence was written wrong.
Anyhow, Party and 888 are the biggest indicator for any future online gambling bills in the US, due to their past presence and brand recognition in this market.
If the law was BENEFICIAL to online gambling companies, the stocks would have gone up, not down…
P.S. and by law, I mean this bill itself.
Well, I have to go apply for a passport for my new Grand Daughter so she can come with us to Atlantis so I cant debate this further now.
I dont think there will ever be anything that is 100% exactly what everyone wants as a best case scenario. I do think overall this is a step in the right direction whether it gets ultimately approved or not. I am happy to see something positive rather then just dreary news of closures and arrests and I hope the programs view this as a sign that there are possibly good developments coming in the North American market and to keep us on the front burners….
:hattip:
I think it is prudent to reserve publication of opinions until we have heard from the lawyers, Rose is sure to provide a public opinion.
No need for lawyers on this issue – the bill clearly states that it does not apply to US states which ban gambling of that form.
For now, 40 states do not allow casino gambling (Indian tribes always excluded), which means that the licensed online casinos will not be allowed to operate in those states. So – no online casinos.
I understand that people from the industry are desperately looking for some good news, but we also have to be realistic and admit that in the current text of this bill – there are none.
Dom,
Thanks for the actual link. After reading through it in it’s entireity. I’m 100% convinced it won’t pass in it’s current form. Was too many ?’s. Limited , not up too; How do they supposed to ensure “Non-Licensed” Books etc will not transact here in America? Virtually no way to shut them out 100%. Technically, or otherwise.
In Summation (My Personal Opinion), Either;
A) This was a piss poor, Half-Hazard Bill tossed together with no real intentions of going anywhere.
or
Frank is a genius because he knows this garbage will never pass. He is looking to Trim down the fluff and ultimately Break a Deal with the Right to actually Repeal the UIGEA, using this legislation as a vehicle (or a bone) to get the ball rolling.I sort of think it may be B.
Dont overlook one thing here when a state decides to make it legal or not..
TAXES $$$
LICENSE $$$We all know these people only deal with $$$ not the betterment of the public.
Don’t forget one thing:
This bill was not written to benefit the gambling community, it was written to benefit the banks.
