casino news

[edog743]

Prior to casino gaming the tribe's didn't have a gaming compact also the state's weren't getting huge sum's of money for the priveledge of allowing casino gaming. Beside's if the state's try this it will be in the court system for many year's

[Tedlark]

  edog are there any states now that have both: casinos that are operated under tribal gaming compact and operated under general legislation?
 
  For example; Minnesota, Florida and Connecticut have gaming that is allowed under tribal gaming compact but I don't believe that there are any other casinos allowed to operate in these states, correct? If yes, then either establish an ammendment to the compact allowiing in state online gaming that is controled by the tribal nation(s) or don't allow online gaming in that state. 

[edog743]

Ted the tribe's in the compact's with the state's are forbbiden from offering on line gaming otherwise it would have been in place years ago. Tribe's are only allowed casino's on tribal land's which doesn't mean a tribe couldn't buy a plot of land put it  into non taxable land with the feds then build a casino. As far as I know each and every tribe hes generally the same gaming compact with their individual state's

[DaBurglar]

what the hell is this?? ONLINE GAMBLING IS ALREADY A REALITY in NEVADA, NEW JERSEY and Delaware....its done. Furthermore, at least 17 of the remaining 47 states are expected to approve and implement online gambling regulations in the next year.  How it works from there, such as how people "get there money" like billyjoe asked is simply a matter of logistics.  at the very least, a person gambling on a Caesars-owned casino website would be able to use and collect their money when visiting that property (which is why so many existing brick and mortar casinos are excited about this, it has great potential to grow business and reach new or under-used markets.) Edog, you stated a bunch of times "it will never happen" almost as if you are invested in it not happening, whats the deal?   It is HAPPENING.... And fyi tedlark, 04/15/11, known as black friday to any and all online POKER players, was caused by three of the biggest poker sites engaging in serious money laundering and fraud schemes, not the result of some anti-governemnt crusade against gambling online.   fact is you can still play poker and gamble online in the USA on thousands of other sites  edited to add:   With respect any such "tribal gaming compacts" which prohibit the tribe from offering online gaming, most such deals are re-evaluated and renegotiated every two or 3 years so it is highly unlikely the tribes will either be left out in the cold OR will try and spoil it for anyone else by "litigating for years on end..."    The tribal gaming companies will no doubt want to get in on the action asap, and in a state like Connecticut, which has seen its yearly fee and revenue share at Foxwoods and Mohegan suffer the pressure of declining business will no doubt want to give its tribal "investment" a needed shot in the arm and allow them to share in the online bonanza, so long as the state gets its cut.    And for the record, it is not BILLIONS at stake for states with tribal gaming....it is a lot of money no doubt, but NOT billions.  The potential tax revenue from regulated online gaming is a lot juicier than fixed royalty payments and fees that typically get paid from tribal casinos to states.

[BillyJoe]

All I can say is "Follow the Money". The Federal Treasury is not going to turn it's back on trillions of dollars of tax revenue. They are broke, as are most states. My money is on the Feds figuring it out. I do not think that the states will be able to do it.
 
The Feds don't want to run a national system, just tax the revenue. That is why existing casino groups are buying in to internet gaming, to demonstrate that they have a patform that can be used.    
 
If you have a national law, with appropriate taxation in place, people are going to get what they want, namely the ability to play, for money, without leaving home.
 
As for existing agreements, just watch Florida. We are inches away from three large 'destination casino resorts' in South Florida, in spite of compacts between the state and the Seminole tribe. They just need to get the money right.   

[edog743]

The state of wisconsin all by it self collect's roughly 400 million a year in monies from compact's Yes DA it is BILLION'S  Yes technically I am invested being a card carrying member of the Oneida tribe of wisconsin. I know of what I speak all tribal compact's are a matter of public record look it up. Again the federal government can not get involved in this they will be representing the tribe's in this matter. IT WILL NOT HAPPEN.

[edog743]

Oh by the way most gaming compact's were negoitiated at least here for 99 years

[edog743]

You all should do a little research before you make blanket statement's The next time you are at a tribal casino ask your host about this if you don't believe me.

[Tedlark]

  DaBurglar there was so much more to Poker Black Friday than just that. Why do you continually need to make things adverserial between people? And you wonder why people on this forum don't really care for you?
 
  If you review the contents of th laws passed by the states who will be offering IN STATE online gambling you will see that it will only be available in that particular state. I. living in Illinois, will not be able to go onto a Nevada based or a New Jersey based online casino and gamble.

[DaBurglar]

  DaBurglar there was so much more to Poker Black Friday than just that. Why do you continually need to make things adverserial between people? And you wonder why people on this forum don't really care for you?
 
  If you review the contents of th laws passed by the states who will be offering IN STATE online gambling you will see that it will only be available in that particular state. I. living in Illinois, will not be able to go onto a Nevada based or a New Jersey based online casino and gamble.
  I wonder why people dont care for me???   I dont ever remember wondering such a thing.... Evenstill, where do you get off making blanket statements about everyone else's so called dislike of me??   How would or could you know such a thing anyway??   I have never gotten that personal against you, nor would I.....mainly because, lol, I JUST DO NOT CARE ENOUGH to even make such a accusation, even if it were true!  Apparently though, YOU DO CARE ENOUGH.... Regarding black friday, it is a known fact that the "ponzi scheme" going on at Full Tilt Poker was the tipping point, along with ongoing investigations into how Absolute POKER/Ultimate Bet and Poker Stars move money around using off shore accounts and third world countries, that caused the feds to shutdown down those websites' operations in the Continental US.....those sites (except full tilt) continued to operate everywhere else in the world, and now in Pokerstars case, you can legally play them in Nevada and New Jersey once again!    There are still literally thousands of different online gaming websites and services offering poker, almost all of which someone in the USA can still access and play even if it still is technically illegal.   Heck, if you journey over to Wizard of Odds, he makes a bundle shilling for BOVADA, perhaps one of the most well known and reputable online gambling sites in the world.  I dont know what else to say.....but kindly share whatever else is going on here contained in your statement "There is so much more going on...."  I'll listen....  Edog, you are going to have to be more clear when you say "IT WILL NOT HAPPEN"!    Ju st what exactly are you saying "Will NOT HAPPEN"???    Because I thought the topic at hand was Online Casinos and Gambling.    Yes I did say it was a lot of Money, and 400 million per year certainly qualifies but even that is still not BILLIONS unless you mean over the course of several years.....besides,  What is the total revenue of Wisconsin's casinos???   Well, I will tell you, it is about 1.3 BILLION for the whole state, and the state of wisconsin's SHARE of that 1.3 Billion total?   About 52 MILLION dollars........where you get 400 million in all this is a puzzlement????   Read this article before you respond anymore in this thread so you dont look even more foolish than you already do...... http://www.jsonline.com/business/tribal ... 67291.html  And if your state of wisconsin is locke din for 99 years with Oneida, then my condolences, but I have a hard time believing any state would be dumb enough to lock themself in on such a deal for 99 years....that makes zero sense, but I'll take your word for it for now only because I cannot find a copy of the actual Tribal Compact for the state of Wisconsin.....I am POSITIVE that Connecticut is not in such a predicment, mainly because I live on the Border of Mass & Connecticut and read the Hartford News everyday, and it regularly reports on the current affairs of the casinos, which are always revising and revamping their relationship with Connecticut,  And the money that would be involved with Online gaming will dwarf whatever limited agreements they have in place with the tribes, in any state.   I personally would welcome the chance to play a casino's online games that I otherwise would never have occasion to visit, it just might afford me or cause me to visit them if I were to hit something big.....there are casino-resorts in Upstate New York that I have wanted to visit but never have because they are too far and too remote, but give me a financial incentive to visit and that changes things!