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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (175726)2/25/2009 12:53:40 PM
From: mph  Read Replies (1) | Respond to of 225578
 
I really hope they junk that law disallowing online poker in the U.S. I love to play Texas Hold 'em.

Apparently there is a reason why the same people win poker tournaments over and over...


Sonnenschein Nath & Rosenthal LLP
Jacob A. Sommer

USA
February 19 2009

Following a trial last week, Judge Larry Duffy of the Municipal Court of Mount Pleasant, South Carolina (a suburb of Charleston) held that poker--at least of the Texas Hold 'em variety--is a game of skill, not of chance. Unfortunately for South Carolina poker players, he held that because neither the legislature nor the courts had provided guidance on whether skill must be a "dominant factor" the defendants still had to pay a fine.

The ruling comes on the heels of a recent Pennsylvania lower-court ruling that poker is a game of skill, not of chance, and reflects a recent trend recognizing that poker is more than the luck of the draw.

With the Department of the Treasury and Federal Reserve's new joint regulations regarding prohibitions on funding of unlawful internet gambling still under debate, and the recent introduction of S 3616 by Senator Menendez, a bill that would provide for the licensing of Internet skill game facilities--such decisions at the state level could soon become quite significant on a national stage.

lexology.com



To: Alan Smithee who wrote (175726)2/26/2009 9:36:05 AM
From: KLP  Read Replies (1) | Respond to of 225578
 
I don't know if I can bear listening to O again today....The market ought to go south again today, if it holds as it has every time he comes to the mic...