Gary Loveman Believes There is Hope for Online Poker

The world of online poker in the US is currently in turmoil as the events that happened during the month of April this year when three of the biggest names in online poker were shut down by the US Department of Justice due to money laundering and bank fraud. The incident was an unfortunate event for countless online poker players, especially to those who have chosen this path of profession and needed to make money on a constant basis. Laws governing online gambling are a bit blurred, and Ceasars Entertainment Chief Executive Gary Loveman believes that the congress has the ‘will’ to change the law which would, in turn, allow online poker sites to operate legally.

What Loveman Thinks

As of today, you can still play online poker legally but the problem lies within the online poker companies as no US based companies involved with poker are in operation at the moment. There are of course offshore companies that are operational but most of these have closed their doors to US citizens from playing. US players also have to take a risk in playing at offshore sites as they are given no protection whatsoever. Gary Loveman believes that the Congress wishes to correct this through cleaning up the regulatory and policing environment. Loveman thinks that the Congress will want to do so since legalizing online poker has a number of benefits including a new source of tax revenues and more job opportunities to the American people.

What’s Happening Now?

Back then when the European online poker operators fled the US market, PokerStars and Full Tilt took the bets from the US players. Now that these are shut down, European operators are again targeting the US market. Although the operators of the land based casinos in Vegas initially disagreed to the legalization of online poker, most of them now support its legalization including Ceasars Entertainment which is one of the world’s largest casino groups. There are also many different organizations that support the legalization of online poker in the US including the recently formed coalition aimed at educating the policymakers and the public about what’s legal and what’s not – FairPlayUSA.

The future of online poker is starting to look brighter compared to the past few months when online poker seemed to be doomed. The legalization of online poker in US soil is slowly coming to, which is great news to those online poker players who have been waiting patiently for the good news.