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Internet Poker Could Make a Comeback By Going Brick-and-Mortar 93

Posted by Soulskill
from the pulling-a-reverse-amazon dept.
pigrabbitbear writes "It's the most modern lament in retail: Brick-and-mortar shopping has gone the way of the dodo as everyone buys their junk online. But for the once-booming online gambling market, salvation may require a reversal of that trend. For one online gaming giant, buying a casino in Atlantic City is the first step to bring Internet poker back to the U.S. In 2006, playing online poker for real cash was deemed illegal. While that didn't stop more serious players from playing, especially once the big hosts started funneling cash offshore, the FBI and DoJ's crackdown on April 15, 2011 did. The big trio of online poker – PokerStars, Full Tilt, and Absolute Poker – were all shut down, domains seized, and executives arrested on charges related to fraud, money laundering, and illegal gambling. While PokerStars and others continued operations in foreign, legal markets, the U.S. poker craze pretty much collapsed. That doesn't mean the lucrative market has gone away. Now, the Rational Group, which owns both PokerStars and Full Tilt, may be hinting at a workaround: the company is looking to buy a struggling casino in Atlantic City. Rational faces a rather large mess of regulatory hurdles, but if it does end up acquiring the Atlantic Club Casino Hotel, it would have a huge foothold in New Jersey's young market for internet gambling."
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Internet Poker Could Make a Comeback By Going Brick-and-Mortar

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  • by Anonymous Coward on Wednesday February 20, 2013 @01:46AM (#42952985)

    "The big trio of online poker ... were all shut down, domains seized, and executives arrested on charges related to fraud, money laundering, and illegal gambling"

    It'd be nice if something like that were to happen to some banks these days.

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