Wow - Online poker raided - Vegas impacts?

Stiff & George's mentioned Poker Stars "strategic alliance" with Wynn. I wonder if all the advertising for some of these now busted places is going to be a headache for WSOP sponsor Harrahs and other Vegas entities.

Sometimes its safer to stick with bricks and mortar establishments.

Anyone know if U S players, while not the target of enforcement action, are now out money they may have on deposit with the websites? I would suppose that the government is under no obligation to refund what they would say is money spent on an illicit activity. The DOJ FBI notice that fills the screen when you go to Poker Stars is kind of funny, the 21st century notice posted on the front door of your favorite tavern that got shutdown.

I suspect this kind of action would have happened under a GOP or a Dem administration. Bet the feds have been working on this one for years, making sure they had all their ducks in a row. Interesting thing is that this always happens - it wasn't the gaming so much as the cover up that caused the raids.

The cover up will always getcha. Just look at Barry Bonds or Martha Stewart. If the actual "crime" can't be proved, you go after the statements made about the "crime". In this situation, they were financial statements.
Quote

Originally posted by: jobobo
Stiff & George's mentioned Poker Stars "strategic alliance" with Wynn. I wonder if all the advertising for some of these now busted places is going to be a headache for WSOP sponsor Harrahs and other Vegas entities.

Sometimes its safer to stick with bricks and mortar establishments.

Anyone know if U S players, while not the target of enforcement action, are now out money they may have on deposit with the websites? I would suppose that the government is under no obligation to refund what they would say is money spent on an illicit activity. The DOJ FBI notice that fills the screen when you go to Poker Stars is kind of funny, the 21st century notice posted on the front door of your favorite tavern that got shutdown.

I suspect this kind of action would have happened under a GOP or a Dem administration. Bet the feds have been working on this one for years, making sure they had all their ducks in a row. Interesting thing is that this always happens - it wasn't the gaming so much as the cover up that caused the raids.

The cover up will always getcha. Just look at Barry Bonds or Martha Stewart. If the actual "crime" can't be proved, you go after the statements made about the "crime". In this situation, they were financial statements.


Looks like an Aussie shopped them to try and reduce his own charges - Article here -
https://news.smh.com.au/breaking-news-world/fbi-charges-11-internet-poker-kingpins-20110416-1difa.html

Tonyrob


Cover up is a mild term. Set aside the whole question of internet gambling and whether government should or should not be involved. The major issues are fraud and money laundering. They are accussed of breaking US banking laws among a list of charges.
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