In a video interview with the Financial Times that was released a few days ago, Caesars Entertainment Chief Executive Officer Gary Loveman spoke about online poker's future in the US. Lovemen believes that online poker in the US will be back soon and that it will create thousands of jobs.
"I do believe there's a will in Congress to correct this," he said. "There's a sense of inevitability t[...] Read more » Caesars CEO thinks that online poker in US will be back soon
Joined: Mar '11
Location: Canada
Age: 46 (M)
Posts: 1490
Yes, but with US regulation comes heavy taxation. I think legislation will change the face of poker dramatically, as players who are barely +ev grinders, living off rakeback will find their profit margins shrinking, quite possibly into the negative.
I'm all for creating a level playing field and regulating the industry as their are glaring problems, but to me it just seems like yet another cash grab by good ol' uncle sam.
Joined: May '09
Location: India
Age: 39 (M)
Posts: 4873
everyone's saying legislation will be brought soon but there's no action or real progress in the matter and in the end its the politicians who'll decide if online poker will be legalized or not
