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A plan by Senator Harry Reid to limit online gambling to poker, horse racing, and lottery...

A plan by Senator Harry Reid to limit online gambling to poker, horse racing, and lottery tickets is given a fighting chance to make it through Congress after Mitt Romney failed to win the Presidency. Before any federal framework is in place, Nevada will allow intrastate online poker play in a "proof-of-concept" demo on how states can regulate the activity. Gaming execs remain divided on the issue with proponents expecting brick-and-mortar casinos to realize big benefits from the speed of play and wider audiences online poker offers, while naysers see less liquidity in a game where it's rather easy for all the big fish (pros) to devour the small fish.
Comments (12)
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    How is any other sport gambling is different from horse racing? I think all should be legal.
    19 Nov 2012, 01:01 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    Horse racing is backed by a powerful lobby, sports betting is opposed by a powerful lobby (the NFL) although if they were smart, they wouldn't be opposing it.
    19 Nov 2012, 01:02 PM Reply Like
  • Playing the Ponzi
    , contributor
    Comments (144) | Send Message
     
    I agree, Ron. And though your days as Head Coach with the Colts weren't gloriously victorious, you did make for a fine wire.
    19 Nov 2012, 01:24 PM Reply Like
  • Playing the Ponzi
    , contributor
    Comments (144) | Send Message
     
    Thank God Washington doesn't yet realize the entire system of financial markets is a giant casino. Almost 24-7 of gambling available worldwide, with the benefit of leverage! Fantastico.

     

    And it is gambling. My tongue is not in cheek. It is, and I love it. I recognize that there's something to be said for capital formation, but let's face, these financial markets aren't about capital formation. Those days are long gone.
    19 Nov 2012, 01:02 PM Reply Like
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    lol, frankly I think stock trading is very simlar to online poker in many aspects.
    You are making a guess based on incomplete information and odds.
    19 Nov 2012, 01:10 PM Reply Like
  • hammeraudi2
    , contributor
    Comments (7) | Send Message
     
    ok sounds good
    23 Nov 2012, 09:41 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    I know online poker is the big one here but personally I'm really pumped about finally being able to get online lottery ticket exposure.
    19 Nov 2012, 01:06 PM Reply Like
  • Playing the Ponzi
    , contributor
    Comments (144) | Send Message
     
    Or as I like the call the lottery: gambling for those bad at math.
    19 Nov 2012, 01:22 PM Reply Like
  • wyostocks
    , contributor
    Comments (7653) | Send Message
     
    And, in a few years we'll have a new federal agency to "help break the gambling addiction".
    19 Nov 2012, 01:07 PM Reply Like
  • odhill1
    , contributor
    Comments (2) | Send Message
     
    There is a simple way to prevent the pros from eating the little guys!
    Software to identify the skill level of each player.

     

    I think that the Bill presented to Mr. Reid is stretching it a little to far by requiring IP owners, (inventors) of online casino technology be licensed. They're innovators; not online casino operators.

     

    The Bill should be expanded to include other casino card games.
    Poker only benefits the casinos and highly skilled players. The casinos don't have to invest in a "bankroll" as they only provide a service in exchange for the rake. Why prevent the non-professional from wagering on Blackjack and Baccarat?

     

    Dale Hill
    19 Nov 2012, 02:01 PM Reply Like
  • hammeraudi2
    , contributor
    Comments (7) | Send Message
     
    what about a few of the trouble s, that might take effect. huasband and wife then go to casino s and gamble on their days off. i think i have did it.and then bring it to the family household. mommy, what happened to that hot supper you promised us tonight. sorry kids, i am not in the mood now, imagine that. only imagine, don t think i can happen. possibly go to the bank, and begin making less deposits to their personal, accounts, if any at all. oh, and the indian casino s and all others that have their piece of the pie too. well, sorry you guys. you snooze, you lose too.
    23 Nov 2012, 09:51 PM Reply Like
  • hammeraudi2
    , contributor
    Comments (7) | Send Message
     
    what about the jobs of casino employees, if this goes full scale internet? oh and then how about the husband and wife, that go and support the casino s on their day off. i have done it. but how about when they bring it to their family, and the household. hey mommy, what about that hot food we were supposed to have tonight.oh, and not to speak about the indian casino s, and all other casino s, that are currently getting a piece of the pie yet
    24 Nov 2012, 05:35 AM Reply Like
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