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I. Nelson Rose Gaming Guru - Page 9Gambling and the Law: PartyPoker Bets $105 Million on Return to U.S.20 April 2010
When the founders of PartyPoker decided to take the company public on the London Stock Exchange, they changed its name to PartyGaming, so they could offer gaming beyond their wildly successful online cardroom, PartyPoker.com. The June 2005 Initial Public Offering was, to say the least, successful: investors put a value on the company of $8.46 billion, greater than British Airways. ... (read more)
Gambling and the Law: Betcha.com Wins Big, for the Moment9 March 2010
Sometime soon, the Supreme Court of the state of Washington will decide whether gambling is not gambling, if the loser is not required to pay the winner.
Washington, remember, is the state that makes it a felony to merely play poker on the Internet.
But, in February 2009, the Court of Appeals ... (read more)
Gambling and the Law: Suing an Out-Of-State Casino in Your Home State8 January 2010
If you are injured while visiting a casino in another state, can you file suit when you get home?
The casino's lawyers may move to dismiss the case for lack of personal jurisdiction. If they win, it does not mean the case is over. But it does mean that you will now have to spend the time and money to start the case all over in a court in the casino's home state. ... (read more)
Gambling and the Law: Can Everyone Win In Florida?14 September 2009
Sometimes the most important part of a legal document are the words that are not there.
Gov. Charlie Crist, for example, just signed a new compact with the Seminole Tribe. It expressly allows the Tribe to have slot machines and banking card games, like blackjack.
What the compact doesn't mention is limits. ... (read more)
Gambling and the Law: Almost the Law27 July 2009
Law school classes are conducted using the case method. Students are given published court opinions and then questioned on what they deduce the law is. This produces lawyers with the mistaken belief that the first place to look when conducting legal research is reported cases.
It is dangerous to ... (read more)
PartyPoker Bets $105 Million on Return to U.S.13 May 2009
When the founders of PartyPoker decided to take the company public on the London Stock Exchange, they changed its name to PartyGaming, so they could offer gaming beyond their wildly successful online card room, PartyPoker.com. The June 2005 initial public offering was, to say the least, successful: Investors ... (read more)
Gambling and the Law: What Is Poker?5 May 2009
Should the prohibitions on internet gambling have a carve-out for online poker?
The question is much more complicated than it seems. If the argument is that poker is not gambling but rather a contest of skill, should the exemption be limited to poker tournaments? What is "online" – what about ... (read more)
Gambling and the Law: Another "What Is Poker" Case5 May 2009
Last column I started the discussion of whether the prohibitions on internet gambling should apply to online poker by asking the fundamental question: "What is poker?"
Twenty years ago I actually had to answer that question under oath in the "7-card down" case I described in my last column. ... (read more)
Gambling and the Law: Jackpot for a Casino Thanks to Great Lawyering28 April 2009
Legal gambling can be one of most profitable businesses around.
Take for example Penn National Gaming. The company owns four Argosy and four Hollywood casinos; manages the 200,000 square foot Rama Casino in Canada; owns three other casinos, including the Empress Joliet; operates telephone and ... (read more)
Gambling and the Law: Proving Poker is a Game of Skill31 March 2009
How can we make poker legal?
The cleanest way is to get a statute passed through the state legislature.
In my book, GAMBLING AND THE LAW, I show how California became the draw poker capital of the world because the state enacted laws in the 19th century that outlawed specific games, like 21 and faro, but left draw poker off the list.
... (read more)
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