Archive

Posts Tagged ‘Eric Holder’

Skill versus Luck. What a great court case this would be.

May 4th, 2011 1 comment

United States Attorney General Eric Holder (pictured) said today that there is skill involved in poker. Enough skill to be considered a "Skill game?"

Today US Attorney General Eric Holder spoke at a House Judiciary Committee meeting and was asked some questions about the Southern District of New York’s indictment of the three largest US friendly online poker sites.  The part that struck me, I think that Holder really at his core is going to see that poker is a skill game.

While Holder said that he “agreed” that the actions made sense, he wasn’t exactly a great sales person for the prosecution.  Firstly, Holder said at the committee meeting today that “We have to enforce the law as it exists and there are laws on the books with regard to Internet gambling that we have to enforce.  The case that we brought for instance in the Southern District of New York involved pretty substantial amounts of money and big financial institutions and I think those cases are appropriate.”

I’m reading a little between the lines here, but my basic thought on this quote is that the only reason that they brought the action is because these companies made so much money.  While I think that he believes the UIGEA violations occurred by the sites, I don’t think that action would have been taken if the companies were only making a few thousand bucks a year.  But because that number was around $40 Billion, well, now you have our attention. Read more…