Monday, October 02, 2006

US Online Gambling Prohibition Bill - US Poker Ban ? The End of Online Poker in US or NOT ?



US Passes Bill - A Ban on Online Poker ???

The US house of Representatives has passed a bill about gambling transactions over the internet ... Not by fair or legitimate means - But by stealth ... By attaching the Online Gambling Prohibition Bill to the Port Security Bill making it a sure vote.

The Port Security Bill was important and virtually guaranteed to pass no matter what was attached to it ... Underhand or What ??

But is this really a Ban on Online Poker in the US ???
Is this the end of online poker in America ???


Well the inevitable panic posting in forums has been around for a while and this is unlikely to slow it down but it's important to keep some perspective on the bill and everything surrounding it.

Firstly the bill never was and isn't an outright crystal clear ban of online poker in the US. The bill aims to restrict online gambling by prohibiting the use of electronic payments, including credit cards ... That is NOT the same as banning online poker.

OK so it may make things tougher to play in the US but the bill has NOT suddenly made playing online poker in the US illegal ... Which seems to be what alot of panic forum poster seem to think.

At least for the moment it looks like Neteller is a valid means of depositing and withdrawl at online poker sites ... It looks like the bill will take up to 9 months to be fully implimented and in the meantime Neteller, a Euopean company with no US based holdings appears to plan to continue it's business until they're told they can't.

Obviously the most logical thing to do would be to legalise online poker and make some fat taxes, but a few zealots in government find the idea so terribly bad they seek to ban it - They knew they couldn't ban it so they've sneaked in a bill designed to make it harder to make the real money transactions in the US. They even had to do that on the back of another bill in order to get it through ...

Online poker illegal in the US ? ... I think not
The end of online poker in America ? ... Lets hope not


Online Gambling Prohibition Bill Update ... Pacific Poker / 888.com have announced they are ceasing their US accounts which is close to half their business. Other poker sites like Party Poker / Party Gaming are assessing the situation. It's too soon for US players to panic ... The bill will probably take 9 months to impliment, its unclear how effective it will be and how keen the banks and institutions will be to enforce it.


4kingpoker Losses ... Not much play at the moment as I'm tied up following the situation with the new bill that has gone through in the US.

4kingpoker Tournaments ... We had a great buy-in game at Titan on Sunday with 23 entries fighting over a $119 prize fund. HarryLime yet again proved victorious taking 1st place although he was short staked when there were 3 or 4 players remaining. Andodysee came 2nd in the heads up against Harry but it was a good battle.

Results 1st OCT Game 6 at Titan Poker

1. HarryLime 10pts
2. androdysee 9pts
3. davis8815 8pts
4. DarkRalph 7pts
5. agapoker 6pts
6. TDLorg 5pts
7. Dazzler69 4pts
8. Irongirl03 3pts
9. raybassman 2pts
10. LDJ1s 1pt

4kingpoker Buy-in Tour Overall

1. HarryLime 55pts
2. katyMaty 25pts
3. Scrawnybob 21pts (N/A)
4. Braisco 20pts
5. DarkRalph 20pts
6. Irongirl03 18pts
7. LDJ1s 17pts
8. Charterboss 16pts
9. Terrier01 14pts
10. gonhuntin 14pt

Our next game is on Wednesday 4th October - $50 FREEROLL at Ultimatebet 7pm EST

And we now have a regular weekly $250 FREEROLL on Sundays 6pm EST at Titan Poker
Open to all players who sign-up to Titan through our banners / links using BONUS CODE: 4kingpoker ... Find it in the Titan Poker lobby ... Sunday Private FR



 

No comments: