As you know by now The Unlawful Internet Gambling Enforcement does not expressly forbid online gambling, but it outlaws certain financial transactions involving gambling sites.
The legislation might end up discouraging a lot of Americans from playing online poker but some argue that could give traditional casino cardrooms a quick boost.”I always say I hope (Internet poker) stays up, because I think it helps us a lot,” says poker tournament director for the Bellagio - Jack McClelland.
“If (Internet poker) does go down, in the short term we’re going to have more people coming in to play - then we’re just going to figure out how to take advantage of it. However, it’s better for the brick-and-mortars if (Internet poker) continues - at Bellagio, we can’t run $5 (buy-in) satellites to get into $100 satellites to get into $1,000 tournaments. It’s just too cost-prohibitive, whereas they can do that on the Internet” McClelland added.
This is the reason why online poker became so popular, with a very low budget anyone could get into a half-million-dollar tournament and be the next Chris Moneymaker just by winning a $25 seat on the Internet.
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