UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: AintRaight Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 265753  
Subject: The Poker industry Date: 4/20/2011 5:41 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
With the indictments worded the way they are, those agreements signed by existing U.S. gaming giants have been abandoned. However, pokerstars, Full Tilt and others bring in billions; so someone will fill their shoes. I am of the mind that shutting down the existing poker clients is a way to "level the field" and allow U.S. companies to get involved. But I think this has already been decided and I would like to know a best guess, the money spent on poker is huge, someone (or ones) is not going to ignore that. An existing gaming corp. could satisfy the market without problems such as money funding, deposits...etc. so I am thinking there first, they already exist. Just the poker clients are not all that will go down the tubes on this, it is an industry. There are many people who depend on the market for their livlihood (radio, training camps/"universities", magazines..etc)so something will happen. I have already guessed that the same idea of "skirting' the law will go on, and scams will pop up and abound. But I also think that someone considered "legit" will show up and produce the answers and I want stock in that company. Wynn, Boyd and others are so tied up in hospitality that they don't show a good margin, but with online poker it has little overhead (other than the software, which I'm sure isn't cheap)and an exponential potential for growth. My sources have told me that one thing already thought of and pretty much "veto'ed by government is any type of network.
Any ideas?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement