Online Poker Legalization

[Leftfield]

I found this article via the Economist.com very intriguing to both the investor in brick-and-mortar casinos and the current online poker debate...

http://economist.com/business/displaystory.cfm?story_id=7997055

I think it is brilliant if the Republicans had masterminded this, being in their best interests (even though they didn't)...

So my guess is that buyouts / mergers and acquisitions will take place over the next few weeks since the firm values of online poker companies overseas plummeted. So if it did happen, expected earnings should be back to where they were before all of it. Not sure about the premiums or not but this would make the casinos more powerful than they already are.

Check call options in the 3-6 month variety or buy the stock merely on this speculation, because in the near future it will be back and culturally accepted (since its against WTO rules, though anti-Republican)!

[bclark619g]

Thanks for posting the link to this interesting article.

This reminds me of the members of the National Association of Realtors(NAR) who agreed with NAR's decision to prohibit sites like Homeseekers.com to carry listings that were also in the Multiple Listing Service (MLS). The main beneficiaries of MLS listing being on competing sites were the listing agents who could earn the full commission, without having to split it with competing brokers, when buyers called them directly from seeing the listing on Homeseekers.com.

I guess you need to get an offshore bank account to transfer the money directly to PartyPoker.com. Then maybe it would be okay to play from the United States as long as the money was transferred from an offshore bank.

[Leftfield]

I guess you need to get an offshore bank account to transfer the money directly to PartyPoker.com. Then maybe it would be okay to play from the United States as long as the money was transferred from an offshore bank.

My plan was to contact a German friend of mine and tell him the situation, wire him some cash to create an account as if I were him. Therefore, I can rake up some Euros instead of Dollars. Then when I would need to withdraw, make sure he is available if they need to contact him. Etc. You get the idea.

Basing the article, I bet in a month or two it will be all legalized and taxed since a lot of people will be [or are] bitching about this. I would guess a lot of libertarians and some from the left. As a result, I am waiting with my now $15 and $20 in my two accounts respectively. I will re-deposit when it all settles but withdrew ~ $600 on Monday (yeah, it cleared) via Wiki's recommendation.