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Kentucky to Sue Poker Site for Residents' Losses
Its all about tax dollars going offshore, at least that is my understanding. Though I guess they should make oil illegel as exxon made 45 billion last year and paid no taxes because, surprise, surprise, they have offshore accounts too.It's a public safety thing, protecting people from themselves. I don't agree with it but that is their rationale. That and the fact that they don't see a dime of that money and its billions of dollars a year leaving the US for island nations.
The government is a slow moving beast - there are a number of different fronts working to have it licensed and regulated in the US and eventually it probably will be - when that takes place is anybody's guess. I hope it is sooner rather than later, I have thousands of lifetime revenue share players signed up at PartyPoker who can only play play money right now
That is my retirement plan if this ever works out.
Actually, this action was brought about by the Casino Operators and owners. They put pressure on the US regulators as the brick and mortar casinos were getting their butts kicked by online casinos.I don't get why the US doesn't allow online poker sites. The money they could be making off of it is huge. But of course the same goes for allowing casinos as well. Would give more jobs and everything..
Oh well..
I feel ya Poker Pie. I started doing poker affiliation about a year before they changed the rules. However, I did the single signup which now I am glad that I did otherwise I would be in the same boat. Revenue overtime is better but I only ran traffic for about 3 months like that before it was shut down and just started making money. Now I am lucky to clear $200 off it a month.