Tuesday, August 3, 2010

Pinnacle & Neteller Coming Back--I Hope So...




The Future For Internet Gambling Is Starting To Brighten


Matchbook is good, but Pinnacle is better. Most pros have a workaround in place, but if the UIGEA (Unlawful Internet Gambling Enforcement Act) is repealed, that would pave the way for a lot of really good things for sharp gamblers.

First, if you got poker skills, I would brush up on them because there would be a tremendous increase in US poker players if the UIGEA is repealed and that means a lot more....you guessed it-fish. Another wave of the good 'ole poker days coming again? You remember those days at the turn of the century when guys were going all-in with 6-7 offsuit?

It's all based on the multi-billion dollar tax windfall state governments and the federal government would get from something Americans are already doing anyway-but poker.
Are hookers and blow getting the legal thumbsup next? Probably not, but you never know.

Here's a link to an interesting article regarding a Goldman Sachs report on online gambling estimates if the UIGEA is repealed: Goldman Sachs article.


Is An Army of These Guys Getting Ready To Flood The Internet Poker Market?

Here's an article by Jacob Sullum at Reason.com that analyzes U.S. companies and the online market: Reason.com's US Companies & the UIGEA repeal.

Wikipedia link to The Internet Gambling Regulation, Consumer Protection, and Enforcement Act.

British Newspaper The Guardian weighs in on online betting and the US market:

Bet comes good as US moves to end ban on online gambling

And H.R.2667's Opencongress.org's section that give some good info and pertinent links:

Internet Gambling Regulation, Consumer Protection, and Enforcement Act



The future does look somewhat brighter poker players, and even for sports bettors. I have a feeling we will see Pinnacle again, Neteller may come back in another form.

I'll be posting more info on this in the next day or so. Thanks for coming.