Monday, April 18, 2011

Severity of DOJ Online Poker Charges

There seems to be growing speculation that the charges brought against the individuals involved in Stars. Full Tilt and UB/AP could have wider reaching consequences for the sites than initially thought, namely that they may actually end in the shutdown of all three major online poker sites.

It seems like a genuine threat, which is very concerning. The speculation is being lead by the money laundering charges. These are the most serious because regardless of your stance on online poker or gambling in general money laundering is a very serious crime. It’s unlikely that the DOJ would even have pursued the case if it were not for the money laundering part from what I’ve read.

So while we’re (and I’m referring to non-US players) all breathing a sigh of relief that we can still play poker and the games haven’t been effected in a devastating way, we could be in for a shock some time soon if this is pursued.

As I said in my previous post, sites like Party are in great shape at the moment, and even more so if the DOJ is planning to bring the hammer down. Only time will tell if their patience, and money, will pay off.

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