LOSS OF INTERNET POKER PLAYERS
COULD HAVE CONSEQUENCES FOR MAJOR LAND TOURNAMENTS
A chilling effect on WSOP and WPT could be in store
The Las Vegas Sun newspaper says that the loss of Internet qualified
players could have a serious impact on the competitive value and popularity
of major land tournaments that take place at major land gambling establishments
like Harrah's and MGM Mirage.
In an article titled "Congress Deals Poker Fans a Hand They Can't
Bet" the LVS reports that for nearly a decade, the campaign by
conservative members of Congress to outlaw online gambling remained
on the fringes in Washington. But with Republican lawmakers nervous
about the November 7 elections and eager to find issues that will
please conservative religious groups, Senate Majority Leader Bill
Frist and other Republican leaders saw an opportunity to adopt the
ban. They attached it to an unrelated port security bill, which was
approved by Congress early on Saturday.
Internet gamblers, attracted by celebrity players and incessant television
coverage of poker tournaments, have grown into a largely mainstream
group of amateur bettors. But in the eyes of the U.S, they have joined
the ranks of people who transport illegal drugs or sell unregistered
firearms, opines the Sun.
If the financial ban is effective and major offshore companies start
turning American players away, those players could soon be gambling
on black market Web sites and reverting to a time when no-name sites
operated in an online Wild West of sorts, the article remarks.
A more likely outcome will be an increasingly creative cat-and-mouse
game between the remaining Internet gambling sites and enforcement
or financial officials who could have the authority to shut down Web
sites and go after third parties. Those include Internet service providers
that link to gambling sites and a growing number of affiliate sites
that make money from referring business to Internet casinos.
The Las Vegas Sun reports that Nevada interests have been ineffective
in fighting the legislation. State regulators don't want to run afoul
of the feds. The state's most powerful legislator, Sen. Harry Reid,
opposes Internet gambling on the basis that it can't be adequately
regulated. Even Nevada casinos, which have reaped the benefits when
online gamblers are teased to real poker rooms, weren't willing to
go to the mat on a prohibition bill.
And the American Gaming Association, which represents the largest
land-based casinos, says the bill's passage won't mean much for its
members, which aren't in the business of online gambling. But that's
probably not the case for the association's two biggest members, MGM
Mirage and Harrah's Entertainment. Both companies host the world's
largest poker tournaments and have lobbied for regulating and taxing
Internet gambling.
The newspaper reveals that as many as half of the entrants in Harrah's
latest World Series of Poker qualified for their $10 000 buy in to
the final event by playing satellite tournaments hosted by online
gambling sites. Similarly, MGM Mirage hosts some events for the World
Poker Tour, a global poker tourney that attracts big money from online
bettors who qualified for the events online.
Both tournaments will likely now attract fewer entrants.