New York Times Article About B&M Casinos Supporting Internet Poker - Poker News

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New York Times Article About B&M Casinos Supporting Internet Poker

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10-04-2010 , 12:53 AM

eastern motors

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http://www.nytimes.com/2010/10/04/bu...mbling.html?hp

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10-04-2010 , 12:57 AM

Jarretman

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Join Date: Jun 2010 Posts: 2,937

In before MGMpoker.com

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10-04-2010 , 01:07 AM

oakton55

grinder

Join Date: Jan 2007 Posts: 491

Lets pass this one time!

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10-04-2010 , 01:43 AM

onoble

adept

Join Date: May 2005 Posts: 969

This is the tide turning. It is very good news.

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10-04-2010 , 01:43 AM

Fermion5

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Quote:

Gambling specialists said it was likely that any casino-supported legalization would be limited to Internet poker because it was considered the least threatening to brick-and-mortar casinos. Internet poker already had the backing of some in the casino industry, and was seen as a new and lucrative source of revenue for the casino companies.

can someone explain their theory about how it is less threatening?

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10-04-2010 , 01:57 AM

oakton55

grinder

Join Date: Jan 2007 Posts: 491

Quote:

Originally Posted by Fermion5

can someone explain their theory about how it is less threatening?

For one thing, the poker room in a typical casino generates only a relatively small percentage of their overall gambling revenue, so there is less to be potentially threatened by.

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10-04-2010 , 02:10 AM

whupthattrick

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Join Date: Nov 2007 Posts: 653

Quote:

Pokerstars, which operates on the Isle of Man in the Irish Sea, has estimated annual revenues of $1 billion

lol, someone at stars doing a great job sandbagging their numbers

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10-04-2010 , 03:12 AM

Jarretman

veteran

Join Date: Jun 2010 Posts: 2,937

Quote:

Originally Posted by Fermion5

can someone explain their theory about how it is less threatening?

Yeah like oak said Casino's generally only have poker rooms to draw in people who like to play poker (but then go and blow away all their money on table games/other house games etc). Hence why the poker room is normally the hardest room to find, or it's hidden in the back/basement whatever in most casinos (not true in all cases but in most).

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10-04-2010 , 03:19 AM

Nick Rivers

Pooh-Bah

Join Date: Apr 2004 Posts: 4,726

Isn't this article incorrect as of the second sentence?

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10-04-2010 , 12:57 PM

#10

harddeterminism

old hand

Join Date: Nov 2008 Posts: 1,456

nvm see it's been posted!

Last edited by harddeterminism; 10-04-2010 at 01:03 PM.

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10-04-2010 , 01:05 PM

#11

geoffm33

newbie

Join Date: Dec 2006 Posts: 39

Quote:

Originally Posted by Nick Rivers

Isn't this article incorrect as of the second sentence?

That was the first reaction I had. Barely read the rest as the authors credibility/knowledge of the subject seemed lacking.

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10-04-2010 , 02:26 PM

#12

KingKovacs

old hand

Join Date: Sep 2010 Posts: 1,207

The second sentence is LOL, but seriously... its not a bad article, just issues of validity.

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10-04-2010 , 03:36 PM

#13

dtkodak

centurion

Join Date: Oct 2009 Posts: 108

its now on CNBC fronpage, http://www.cnbc.com/id/39501361/

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10-04-2010 , 08:00 PM

#14

LonesomeFugitive

banned

Join Date: Apr 2007 Posts: 2,049

Quote:

Originally Posted by whupthattrick

lol, someone at stars doing a great job sandbagging their numbers

With all the money pokerstars/fulltilt and others make i am surprised the haven't done more for the poker cause.

money equals power in washington and online poker rooms have a lot of it. Something should have been done already to help online poker!

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10-04-2010 , 08:25 PM

#15

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

$1 billion in revenue does not equal $1 billion in profit.

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10-05-2010 , 05:25 AM

#16

AlanBostick

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Join Date: Sep 2002 Posts: 11,620

If money equaled power, we could buy cocaine on every corner.

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10-05-2010 , 07:16 PM

#17

RKuczek

enthusiast

Join Date: Apr 2010 Posts: 51

Money does equal power, and you can buy cocaine on every corner.

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10-05-2010 , 10:31 PM

#18

JackCase

adept

Join Date: Nov 2005 Posts: 956

Quote:

Originally Posted by Nick Rivers

Isn't this article incorrect as of the second sentence?

Sloppily written at best. It is illegal to play in some states. It is illegal to run an online casino anywhere in the country.

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10-06-2010 , 01:10 AM

#19

Warlord786

grinder

Join Date: Oct 2008 Posts: 553

Quote:

Originally Posted by Nick Rivers

Isn't this article incorrect as of the second sentence?

haha true, but still an interesting read

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