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Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes

Yesterday , 09:44 AM
Main Article Found here in full

"In a memo regarding sweepstakes issued this month, the AGA said online sweepstakes casinos undermine gaming regulations and threaten consumers. The gaming lobby is urging state regulators to send warning notices to sweeps operators informing them they’ll face legal action if they don’t immediately terminate their US-focused operations.

“There are an increasing number of entities that have intentionally designed business models to circumvent or exploit ambiguity in state gambling laws and the regulatory frameworks within which the legal gaming industry operates,” the AGA memo read."

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There are other articles on it as well.

I have a deranged theory on this that I think people will laugh at. I think a good old fashion bank run could occur at these sweepstakes casinos; and the result will be a black Friday type of event.

I also think if any sweeps casino owner was capable of reading the writing on the wall; they'd realize the clock is ticking on how long they can operate. The smart move is to begin botting your own tables. (I'm not saying they currently are; I'm sure some are...but I'm strictly speaking hypothetical). Once the clock hits midnight; the operation is shut down...the only goal that would matter would be maximizing revenue until D-Day. (But I'm evil and look at it from what's best for maximizing cash, not what's best for the people).
Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Quote
Yesterday , 02:07 PM
AGA's main target is Global Poker which has operated in the U.S. using "sweepstakes" method since 2017.
Banned states include Washington, Idaho, Montana, Michigan, and Connecticut.
Connecticut was just announced (first week of September) leading to speculation that more states will follow.

Personally think its premature to assume an avalanche of pull-outs when AGA has had 7 years to convince states and has only succeeded with 5. Notable "hold outs" include most major states by population and online poker legalized states PA, NJ, NV.

AGA is a land based casinos lobbying group opposed to any and all forms of online poker so its not exactly a bedfellow of online poker legalized states.
Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Quote
Yesterday , 11:57 PM
Quote:
Originally Posted by RalphWaldoEmerson
AGA's main target is Global Poker which has operated in the U.S. using "sweepstakes" method since 2017.
Banned states include Washington, Idaho, Montana, Michigan, and Connecticut.
Connecticut was just announced (first week of September) leading to speculation that more states will follow.

Personally think its premature to assume an avalanche of pull-outs when AGA has had 7 years to convince states and has only succeeded with 5. Notable "hold outs" include most major states by population and online poker legalized states PA, NJ, NV.

AGA is a land based casinos lobbying group opposed to any and all forms of online poker so its not exactly a bedfellow of online poker legalized states.
Will be pretty interesting to see what happens as Global's parent company has Ryan Seacrest sponsoring their main slots site and is making huge money so the ripple effect could kill their golden goose
Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Quote
Today , 02:55 PM
LOL They really are targeting some small fishes like Global Poker in the market while Social Casino Giants such as Stake.us "sweepstakes" are operating within same model n generating millions of dollars daily and get free walk .

Now tell me whats the difference between this 2 ?




Quote:
Originally Posted by RalphWaldoEmerson
AGA's main target is Global Poker which has operated in the U.S. using "sweepstakes" method since 2017.
Banned states include Washington, Idaho, Montana, Michigan, and Connecticut.
Connecticut was just announced (first week of September) leading to speculation that more states will follow.

Personally think its premature to assume an avalanche of pull-outs when AGA has had 7 years to convince states and has only succeeded with 5. Notable "hold outs" include most major states by population and online poker legalized states PA, NJ, NV.

AGA is a land based casinos lobbying group opposed to any and all forms of online poker so its not exactly a bedfellow of online poker legalized states.
Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Quote
Today , 05:15 PM
File this AGA awakening under "Homer Simpsonisms"

"Oh they have the internet on computers now"

https://www.youtube.com/watch?v=705_eNv8SHI
Gaming Trade Group Encourages Regulators to Crack Down on Internet Sweepstakes Quote

      
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