US online gaming is on the way

scott · 04-12-2006, 11:29 PM

It's going to go our way from now on guys. After getting shot down for 7-8 yrs the apex has been reached concerning US opposition to online gaming. The Goodlatte gut shot was their last hurrah.
It will be painfully slow but we'll now see movement, committees, etc originating out of Washington. It'll be torture listening to and watching these uncomprehending 15 watt bulbs grandstand but it's a necessary part of the process.
The Nevada model is what we'll end up with ie private business runs the books/casinos and the Gov't gets out of the way except to regulate and tax it.
JMHO.....Scotty

scott · 04-12-2006, 11:31 PM

It won't be restricted to NV though.

JamesUS527 · 04-12-2006, 11:36 PM

15 watt bulbs. My God, isn't that the truth; cannot stop laughing.

Rookies · 04-13-2006, 12:39 AM

A bunch of anal, Republican do gooders- who once again think they know better than the rest of us.

Shows what spineless cretins they are as they have waved the white flag on immigration reform , realizing that the Dubya White House has become the Titanic.

Juice · 04-13-2006, 01:10 AM

<div class="FTQUOTE"><begin quote>Originally posted by: scott

It's going to go our way from now on guys. After getting shot down for 7-8 yrs the apex has been reached concerning US opposition to online gaming. The Goodlatte gut shot was their last hurrah.

It will be painfully slow but we'll now see movement, committees, etc originating out of Washington. It'll be torture listening to and watching these uncomprehending 15 watt bulbs grandstand but it's a necessary part of the process.

The Nevada model is what we'll end up with ie private business runs the books/casinos and the Gov't gets out of the way except to regulate and tax it.JMHO.....Scotty</end quote></div>

Exactly what I have been thinking.

SlipperyPete · 04-13-2006, 01:19 AM

Why would Pinny and other books allow themselves to be "regulated" and taxed?

They already got it made where they are at right now. They dont need the stinking US govt. Why move back?

And if they dont move back, what right does the US govt have taxing foreign companies?

Juice · 04-13-2006, 02:12 AM

The US will offer tax incentives the like of which they will not be able to ignore. Its either we do here or some european countries will. There a lot of jobs tied to that so called regulation which will be nicely filled by those here in Las Vegas. Its so called regulation because its a smoke screen on both sides. Niether side wants regulation and that word will pass out of circulation shortly.

scott · 04-13-2006, 06:01 PM

Slippery, Pinny wouldn't re locate in the US. Why should they. However some very profitable gaming companys CHOOSE to be located in countries where they will be taxed and regulated. This expense could possibly be overcome by gaining customers that CHOOSE to gamble in this situation. Some gaming companys are even listed on stock exchanges around the world, especially the AIM in the UK.
The other side of this is obvious. Some gaming operations CHOOSE to locate in a country that won't tax or regulate them and if they do (reg/tax them)it's mostly eye wash.
Nothing wrong with either business model. Each has there own reasons for choosing the location that suits them and their agenda. The strong offshores will get even stronger when the US opens up. The rest will be absorbed by them or go belly up and stiff us. But don't think there won't be a shake up for a while considering 80% of the off shore sports betting handle comes out of the US.
My guess is we'll end up with a dozen(+-) monster off shores located in third world countries. It's a great business.

scott · 04-13-2006, 06:17 PM

This is how far the US has fallen behind and it will be decades before we reach this position:

excerpts from egaming review.......

"However, elsewhere this week, other European football clubs have shown they have less of a problem with getting into bed with egaming companies.

Gibraltar-based poker and casino operator 32Red has agreed a conditional agreement with English Premier League football club Aston Villa to be its official club sponsor for the 2006/07 and 2007/08 seasons.

Under the terms of a "six-figure deal", the 32Red logo will appear on the players' home and away shirts, while Aston Villa will receive a share of revenues under its marketing affiliate arrangement with 32Red....... "

".......Lastly, European sportsbook and gaming operator BetandWin will be German Bundesliga team Werder Bremen's main sponsor as of next season. The agreement will run for the next three years with options for an extension and will be Germany specific, with BetandWin's .de url appearing on the players' jerseys, training wear and coach's kit.

Marcus Meyer, spokesperson for BetandWin, said: "Our contract with Werder Bremen is a big step forward for us. This is our first as main sponsor of a Bundesliga team."

Manfred Müller, head of marketing and management at Werder Bremen, said: "The new deal with Betandwin is a milestone in the development of a partnership that has existed for two years. With Betandwin we have a successful, dynamic, strong and innovative brand on our side. Those are qualities that Werder also embodies........"

--------------------------------------------------------------------------------------
Imagine the hypocritical NFL, MLB or NBA being sponsered by a sportsbook!

scott · 04-27-2006, 04:58 PM

This is what I was talking about. It'll take a while but it's on the way.
===========================================

American Gaming Association
Re: AGA Board of Directors ModifY .
Legislative Position on Internet Gambling
At an Amemcan Gaming Association (AGA) board meeting on Wednesday, April 26, the AGA modified its legislative position on Internet gambling. While it remains neutra1 on all pending legislation on this issue, including bills advocated by Reps. Jim Leach (R-IA) and Bob Goodlatte (R- V A), and Sen. Jon Leach (R-AZ), the AGA board now strongly supports the creation of a one-year Congressional study commission that would evaluate the impacts of online gambling.

"Millions of Americans currently gamble online, and they wi1l continue to do so. Many nations, including Great Britain, are in the process of lega1ising, regulating and taxing online gambling. The AGA board thinks a comprehensive study commission should take into account policy issues ranging from how best to protect children and problem gamblers to whether Internet gambling can be effectively legalized and regulated in the United States, rather than leaving bcttors to fend for themselves on illegal, unregulated offshore sites. The study sbould also include consideration of recent wto rulings indicating the United States position on Internet gaming may be in violation of
internationaI trade obligations.

Such a commission could evaluate whether legalization, regulation and taxation, on a state-option basis, may be a more viable option than a complete ban on Internet gambling, and would report back to Congress on its recommendations as to the best way to deal with the issue.

Juice · 04-27-2006, 07:07 PM

Such a commission could evaluate whether legalization, regulation and taxation, on a state-option basis, may be a more viable option than a complete ban on Internet gambling, and would report back to Congress on its recommendations as to the best way to deal with the issue.

It is what they are going to evaluate. Of course its more viable it takes the Gov off the hook and puts them into big brother mode. We are not responsible but you are. It may run very lossely for the states along the line of the Italian concession idea but that could be tricky. The bigger issue is forget betting, a ton of commerece takes palce on the net now and there is a post about wine and a story that Steve and his wife went thru just to bring some home I will bump to drive home my point. Gambling money is not the only thing these states want to rake in and most have laws in place for other goods and services that are restricted they will just pull the blanket over this one and keep stepping.

Bottom line greed is a killer and the Canadian model is easy to copy and fairly quick to implement. These states will not be able to get there hands on the money fast enough. Man are they ever in trouble. Careful what you wish for. There is what can happen in therory and what has happened in fact. good Luck and god bless.

scott · 06-02-2006, 04:43 AM

It's going our way fellows, the momentum is changing. Goodlatte, Leach, Kyl are huge favorites to go nowhere. Big favorites to just die after 7-8 yrs of this very thing, going nowhere. There's now lots of talk out of Washington of studies to get it on the way to legalization. The leading House democrat, Harry Reid, is against online gambling but he can't derail it. Those bills will never pass the house.

I know it's a favorite topic to wring hands over, whoa is us etc, but I'm convinced it's going to be OK in the US for us......Scotty

cued · 06-02-2006, 06:08 PM

dream on. it is illegal to talk on a cell phone when standing in lines at customs at the airport you think we are ever going to be free to gamble? why would they want 30% taxes on a 4-5% hold (sports bettng/online casinos) when they can get 50-75% with the lottery on ALL GROSS RECEIPTS.

dream on dream on dream on

Juice · 06-02-2006, 06:36 PM

<div class="FTQUOTE"><begin quote>Originally posted by: cued

dream on. it is illegal to talk on a cell phone when standing in lines at customs at the airport you think we are ever going to be free to gamble? why would they want 30% taxes on a 4-5% hold (sports bettng/online casinos) when they can get 50-75% with the lottery on ALL GROSS RECEIPTS.

dream on dream on dream on</end quote></div>

If the people I know cued have anything to say about it or more correctly choose to get involved you would be dead wrong.

cued · 06-02-2006, 07:46 PM

lol@sugarbear

are your friends going to overthrow the government?

Juice · 06-02-2006, 08:30 PM

<div class="FTQUOTE"><begin quote>Originally posted by: cued

lol@sugarbear

are your friends going to overthrow the government?</end quote></div>

No they are not. Remember a number of high ranking execs are for the online stuff with the key ones having much power. As the cliamte lightens up I can assure you Kirk Kekorian/Gary Loveman will flex there muscles on this. How much stock in gaming companies you think they owns along with there buddies on wall st?

I am not saying I have those kind of connections but the people I am in contact with do and if they choose to make the wind blow in a certain way they flat out can. People will listen.

What we want though we feel will never let happen here with all these regulations here.

The people here I have talked to about my Betfair/Pinnacle lay out and the reasons why agree with me 1000 percent. We would do the same thing in a minute. Stand alone books will not be able to make it in the future without an exchange or being connected to one. They will just get action on one side only.

In the 5 year picture Vegas may be the only stand alone left. We will have to make adjustments. Or new regulations.

scott · 06-02-2006, 09:22 PM

<div class="FTQUOTE"><begin quote>Originally posted by: cued

dream on. it is illegal to talk on a cell phone when standing in lines at customs at the airport you think we are ever going to be free to gamble? why would they want 30% taxes on a 4-5% hold (sports bettng/online casinos) when they can get 50-75% with the lottery on ALL GROSS RECEIPTS.

dream on dream on dream on</end quote></div>

Cued, "they" would still absorb the "50-75% with the lottery on ALL GROSS RECEIPTS."
But they would tap into the $280b bet domestically in the US on sports alone plus the $8b-$10b sent off shore.

Banned4Life · 06-02-2006, 10:06 PM

Internet gambling should be regulated and taxed by the US government so they can use the money to kill innocent civilians around the world. [img]i/expressions/face-icon-small-happy.gif[/img]

guitarzan · 06-02-2006, 11:09 PM

<div class="FTQUOTE"><begin quote>Originally posted by: Banned4Life

Internet gambling should be regulated and taxed by the US government so they can use the money to kill innocent civilians around the world. [img][/img]</end quote></div>

Plus I think they would kill the industry before they let it prosper. The Government doesn't know what they are doing and every suggestion by the books who get involved will be torn apart and ruined.

What will be left is something that is taxed so heavily and that is so inefficient that "real" gamblers, not idiots, would never participate. There would be no "value" to be had.