Poker, News and random rants about me, life in general and ... did I mention poker already?

Jul 12, 2012

Welcome to the Broke Inc Network (BIN)

Thursday, July 12, 2012 Posted by Unknown No comments

Regulation kicks in worldwide and more and more countries explore the enormous opportunity that goes along with handing out licenses for online poker and gambling / sports betting. A side effect for each of those national licenses is a higher rake, the fees that each operator has to pay and may be unwilling to do so with higher taxes and segregated player pools that guarantee less profit in the long run. If you by any chance followed the business news as of lately for Central Europe, you may have noticed the financial troubles and huge debts for some nations and it is not surprising that some of them try to establish a new income through online poker.

According to a news article on Pokerfirma, the Portuguese Santa Casa da Misericordia de Lisboa (SCML), the L’Amministrazione Autonoma dei Monopoli di Stato (AAMS), the Autorité de Régulation des Jeux En Ligne (ARJEL) as well as the Dirección General de Ordenación del Juego (DGOJ) recently discussed ways to improve the situation. Ultimately, a first step was made when Italy, Spain, France and Portugal agreed on a more intense cooperation with the purpose of uniting its player pools to a certain degree in the long run in order to increase the overall revenue. The project name of this South European Conglomerate may very well be the following when you consider the current economical climate of them:

Broke Inc Network (BIN)

Too sarcastic? I don't think so. I am just trying to figure out how other countries such as Germany try to fit in there as well since they always want to protect us from the evil gambling addiction unless we play in live casinos by the state or participate in the national lottery. And the United States of America may even take on that idea to establish their own system to offer a national poker network instead of fussing around with dozens of different licenses by each state. But we will still have to wait for a while because both presidential candidates have to focus on their election campaigns for November instead of pulling the economy out of the dirt. 
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