Quote:
Originally Posted by deucesevenoffsuit
Unless the language about player liability for a 50% tax is eliminated, I will write my Congressman and Senators urging them to oppose this bill, and will recommend that all of my friends do the same. If this is implemented it will be much, much worse than the status quo.
Like I've previously noted, this bill is designed for the benefit of Harrah's and MGM/Mirage. Why do you think Rich Garber, a lawyer and former executive with Party Gaming, left Party to become the President of Harrah's "new" Interactive Gaming Division?
The 50% deposit tax on players choosing to play on "unlicensed" sites is intended for the sole benefit of the big [domestic] land-based operators here in the United States. It's just another of the many provisions in the legislation designed to crush competition - especially offshore competion from existing sites. Gary Loveman, Harrah's CEO, could not have been any clearer as to what he thought of offshore poker sites during that television interview with CNBC's Maria Bartiromo. He called the sites, and I quote, "essentially illegal operators." Given Mr. Loveman's stated objections, does anybody really believe it's an "accident" that the 50 percent deposit tax [on unlicensed sites] managed to find its way into this bill? If the PPA was really "standing up for poker players" as they claim they are, do you think this 50 percent deposit tax would have gotten inserted into the bill in the first place?
As for the PPAs spurious assertion, "Look, we've got to get the bill passed first, then we can go back and fix it," the time to "fix" legislation is before it's passed - not after. Once a bill is passed and becomes law, it is monumentally more difficult to go back and try to get legislators to fix it. Here's a perfect example of what I'm talking about
: How many of you have heard of an abomination called the UIGEA? The PPA has been trying to "fix" that for the better part of the last four years. Another example: The just passed health care reform bill. Republicans and Tea Partiers are talking about "fixing" ObamaCare by repealing it. Good luck on that one. The time to try and "fix" a bill is before it passes - not after. Face the facts. Irrespective of what the PPA is telling you, once this monstrosity passes and becomes law, we're basically stuck with it. That's the simple reality of the sausage making process. Once legislation becomes law and is signed by the President, it takes a climbing-Mount-Everest type effort to get it changed.
One final point: If you think the juice that Harrah's puts on cash game tables and side games during the WSOP is bad, just wait until you see what they do with their virtual tables. With most of their competition eliminated, they won't need to worry about online players complaining about how the cash games used to be "only 5 percent rake when I played on Stars and Tilt." Frankly, they won't give a damn. Harrah's is operating under an enormous debt burden. They have private equity investors (Texas Pacific Group) and hedge fund investors that want them to start generating enormous profits. Mr. Loveman clearly indicated what he had in mind [for "legal" internet poker] during the CNBC interview when he stated that Harrah's anticipates "billions" in revenue from legalized internet poker.
This legislation (in its present form) has very little to do with "standing up for your right to play poker." This legislation is all about giving Harrah's and MGM/Mirage a virtual monopoly in the internet poker market here in the United States. That's it plain and simple.
Former DJ