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Friday, 15 July 2011 02:10

Full Tilt Poker - Should it fight or flight?

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As many of you are probably aware - Full Tilt Poker, the Online Poker room, have recently had their licence revoked and are currently facing, arguably, the biggest choice in the history of the site. Fight or Flight?

Do you they try and fight the imposing $1billion demand from the American DOJ, the various US players putting price tags on their heads and the impending licence hearing coming up - or do they simply say enough is enough and declare bankruptcy while some other wily owner sneaks in and starts it all again?

 

Online Poker in the US has always been a grey area - effectively you could only offer Free Online Poker but noone seemed to bat an eyelid at the fact that half of the Online Poker rooms were openly accepting US bets and making a fortune doing so. What made it so stupid is that half of the gambling parties in the US were trying to set up mergers with the offline entities to pave the way to legalizing Poker Online. Well clearly that has now backfired and we find ourselves now asking the question - will Online Gambling ever be allowed to enter the US market - or are citizens of the US going to be forced to keep using shady backend sites with the risk of losing their money when the DOJ steps up their hunt on them.

 

Perhaps there is a solution - why don't the US just 'sponsor' half the Poker rooms in the US to take their tournaments and gameplay online - then they can play the Orwellian 'Big Brother' and monitor everything going in and out so they can tax it accordingly. That way if the big non-US sites like the Party, 888 and Ladbrokes Pokes sites want to join the tables - they would have to set up offline mergers under State sponsored companies and there would be no way of 'duping' the DOJ.

 

Well for now it seems we'll all just have to sit back and wait for the next installment in this saga. For all those unlucky US Poker players - I wish you the best of luck at finding somewhere you can actually play for cash instead of just another Free Online Poker product.