Poker News

Understanding the legalization of poker in the US

The legalization of online poker in the United States has always been a sensitive subject for the government and the congress. Truth be told, many politicians that have originally spoken against the legalization of online gambling came to see the error of their ways particularly when faced with the crisis that entailed coming up with the 1.5 trillion dollars to cover the debt of the United States. However, from a broad perspective, there are few reasons to keep online casinos and online poker tournaments outside the law, considering that estimates reveal that the budget of this industry revolve around the sum of 6 billion dollars per year.

It is fair to note that the recent arguments between the sustainers of poker legalization within the territory of the United States associated with the fraud charges against a few of the major operators seem to drastically affect the outcome. In essence, in case you are not familiar with the public scandal, major online gaming casinos among which we will list Full Tilt, Poker Stars and Absolute Poker were charged with millions of dollars in fraud. Furthermore, these online casinos have also been accused several other grave offenses against the United States.

Continue reading

Share

WSOP 2011: An event not to be missed

WSOP that stands for World Series of Poker is a popular series of poker tournaments. It is held in Las Vegas every year, wherein the winner of each event gets a WSOP bracelet along with a monetary award, which is based on buy in amounts and number of the entrants.

Over the years, this tournament has managed to grow in terms of the number of contestants and the different casino games being played. The schedule for WSOP 2011 is now public. This year, the World Series of Poker has 58 events that will be played over 50 days period starting from May 31 and lasting till July 19.

On its schedule, WSOP 2011 has listed the regular $500 Casino Employees event as the initial event. However, the next event for that very day is a tournament that many individuals will likely watch. It is a heads-up contest ($25,000) with player limit of 256. In the history of WSOP, this one is a richest tournament. There are other additions as well to the WSOP events. A mixed game tournament ($2,500) features 10 games in a six-handed match up. Besides, there is one more six-handed match, which is the Pot Limit Omaha of $5,000. The $25,000 (6-handed) event is however not part of WSOP 2011.

Continue reading

Share

Experts testify on benefits of regulated Internet gambling

Washington, D.C., Dec. 3, 2009 — Experts in the fields of online security and consumer safety testified today before the House Committee on Financial Services to address legislation introduced by Chairman Barney Frank (D-MA) that would regulate Internet gambling in the United States. Witness testimonies provided further evidence to Committee members that a regulatory framework for Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions. Chairman Frank has previously indicated interest in having the House Financial Services Committee vote on his legislation, the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267) as the next step in getting the bill enacted into law during this Congress.

The hearing highlighted the success of existing systems and technologies in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft.

Continue reading

Share

Go down under for the Aussie Millions

One of the premier events on the live circuit
The Aussie Millions has fast become one of the most enduring and exciting events on the live circuit. Taking place in Melbourne, Australia, the event annually plays host to all of the major pro players, looking to snap up one of the most attractive prize pools on the circuit. Join bwin for a trip of a lifetime to the prestigious Aussie Millions.

An Aussie Millions prize package from bwin
bwin is offering comprehensive prize packages including a Main Event Buy-in of $8,800, a 6 Handed Side Event Buy-in of $1,800, flights and spending money of $2,500 and a stay in a luxury hotel worth $2,900, bringing the total package value to $16,000.

Qualify today with bwin
bwin is offering four incredible ways to qualify for the Aussie Millions. The four routes are as follows: the $300+20 qualification route paying out prize packages via the Online Finals, qualify for this route for just $2 or buy in directly to the Online Finals. A 100k freeroll paying out superb Aussie Millions prize packages for free! Prize packages are also available via the regular Big Bounty tournament at bwin. And finally, the Head Hunter tournament: knock out the most players in this all-new tournament concept and you’ll win a superb Aussie Millions prize package.

Share

The Actual Effects of Poker Prohibition

The debate about legalization of online poker still continues in the US.

But let us take a look at the overall effect of poker prohibition so far. The ultimate goal of the US Justice Department and the UIGEA was to eliminate the money flow that went into gambling websites, with hopes of bullying them into shutting their doors to American consumers. Let us grade them.

1. Eliminating money to poker websites on the internet was a complete failure. Merely several days ago, a friend of mine tried to make an account on Epassporte and then he deposited money into it through his bank that was issued with a Visa Debit card, so that he could get money into Absolute Poker. And after fifteen minutes, he succeeded in doing this whole process, with no problems whatsoever.

2.  Bullying poker websites into shutting their doors to American players ended up being merely below average. Although they convinced Party Poker and handfuls of other smaller websites to shut their doors to American consumers, other websites such as Full Tilt, Poker Stars, Absolute Poker, Bodog and Ultimate Bet still stay open to American players. This is solid proof that legal issues that face online poker did not get much of their desired effects.

So what exactly has this ban actually accomplished?

1. They have made it difficult for people to transfer their winnings into their pockets since some taxes cannot be paid unless they are obtainable from the bank.

2. They have caused the highly reliable and respected e-wallet called Neteller to completely close down its operations in the US, giving space to tons of scam operations.

Will US Government succeed in facing the fact that a wide array of American citizens thinks that poker on the internet should not get banned and a lot of poker websites, as well as online casinos, all around the world still accept American players?

Share


Poker Tips

If you are looking for a game that offers the best possible odds and the most significant edge, you should get to know online Texas Holdem. At treasurepoker.com you get instant access to hundreds of free poker strategy articles for players of all skill levels.