Poker Players Alliance

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Latin America is sure to be an important gambling jurisdiction, but it has a lot of growing and learning to do before it can truly compete for attention in the global poker market, according to David Carrion of Cirsa Gaming Corporation.

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In America, a settlement between the US Department of Justice and certain European online gambling operators may be in sight just over two years after the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA).

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It’s unlikely we’ll learn more about Barack Obama’s position about online gaming during the presidential debates or stump speeches down the home stretch of the campaign. As unemployment climbs, the economy slows, and banks collapse, there are admittedly bigger fish to fry. But if the candidate’s online gambling position is paramount to you as a voter, consider that you have a special lens with which to view Obama’s stance; he is, after all, a poker player.

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The country is facing a financial meltdown which relates in part to over-leveraging and what for some has become bet making on financial instruments and schemes involving sophisticated economic modeling.

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A Toronto police detective estimates that one of two gaming houses raided earlier this week earned at least $1.5 million per year for the operator.

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It’s approaching two years since the Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law by President George Bush, and it’s still not clear how much the law will cost the banking industry, nor if it will do its intended job and end online wagering in the United States.

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