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April 16, 2011

Online Poker's Black Friday

Go here for some analysis of yesterday's indictments against the three biggest online poker providers serving the US market (Full Tilt Poker, PokerStars, and Absolute Poker), as well as a number of banking institutions.  I'm not sure how long the currently accompanying banner ads will last, but right now Bodog poker is plastering the page with ads sporting the US flag and welcoming US players (apparently, Bodog doesn't really care what the US government is doing with these indictments because it has never planned to try to get in on what seemingly everyone expects will be a regulated US online poker market eventually--since Bodog offers online gaming that clearly falls within the definition of illegal gambling in addition to poker).  The banner ads remind me of one of the first lessons I learned from reading the Wall Street Journal--no matter how bad the news, someone stands to make a profit.  (Obviously, the expectedly temporary and limited loss of online poker in the US scarcely counts as "bad news" in the grand scheme of things--but I will assume you get my point.)

SJP

April 16, 2011 in Current Affairs, Government and Business, Musings, Politics | Permalink

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