Published on September 21, 2013 by Tom Jones
The online poker industry within the US is set to get much bigger, and the probabilities for a whole industry explosion grew exponentially this week when Caesars Interactive, that is the logo that owns the sector Series of Poker, announced that they're prepared to launch their real-money site.
Up until now, Ultimate Poker was the one site that has offered real-money gambling within the US, but that may be about to switch in a large way. The arena Series of Poker is essentially the most recognized brand within the world, and Caesars is fully prepared to capitalize at the brand they've been building for over 40 years.
"This is a historic moment for our company," said Mitch Garber, CEO of Caesars Interactive. "A state-of-the-art poker offering from probably the most established and controlled operators within the America is finally here."
The regulated part is the important thing component for Caesars and the WSOP. Because the company attempts to convince lawmakers in states outside of Nevada to control online poker, the company's long-standing commitment to regulation will play a large role. Lawmakers across the US has been interested in the prospective loss of regulation for online gambling.
"Having an organization like Caesars that have been within the gaming business for so long as they have, and has an exceptional record of cooperating with regulatory laws, is usually a game-changer for online poker," said analyst Tracy Grant. "If there has been doubt before that the industry could survive within the US, that doubt is dwindling by the day."
Nevada is joined by New Jersey and Delaware as states that experience regulated online poker. Dozens of alternative states have begun the method of regulation, although none have not begun passed new laws. Florida and California seem to be the following big targets for the industry, with both holding a big land-based poker presence.
New Jersey was trying to move even farther along the gambling trail by regulating sports betting. An appeals court, however, dealt a blow to New Jersey this week after they ruled that the 1992 law created to prohibit sports betting within the US was constitutional.
New Jersey lawyers contend that it's unconstitutional to permit Delaware and Nevada to supply sports betting, but not the opposite states. On the time the law was drawn up, states had an way to opt out of the law. Delaware did, which permits them to function sports books, while New Jersey did not.
Read More... [Source: Online Poker News]
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