Quote:
Originally Posted by Lozgod
Is there anyone that can make this a "for dummies" explanation of what is going on? Are they trying to kill the interstate poker pact or whatever it is called?
Wire Act Guide for Dummies:
Sheldon Adelson owns a land-based gaming empire. He wants to stop his competitors, especially Caesars which is crumbling under massive debt, to successfully increase profits via online gambling in the US. Under the guise of "for the children", he wields his financial power by large donations to conservative Republicans that will return the favor by wielding their political weight towards stopping online gambling by whatever means. This reversal of the Wire Act opinion is one such favor. Previously, a bill to amend the Wire Act to explicitly include all online gambling was introduced in Congress as another such favor. That didn't make any headway, but it could still happen again.
In my opinion, this new widened interpretation of the Wire Act may actually work out eventually against Adelson as it is too far reaching. It not only puts into question online gambling, but also online lottery ticket sales and off-track horse wagering, two very powerful political entities. But until it works out in the courts or congress, it could stifle any more efforts to pass online gambling in more states.
Last edited by PokerXanadu; 02-12-2019 at 05:19 PM.