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Online Poker Legalization Nearly a Reality?

1 6 December 2010 , By: compncards
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Senate Majority Leader Harry Reid from Nevada has introduced the Internet Poker Act of 2010 that would effectively make online poker legal.   While many poker players and companies are waiting with anticipation for the passage of this bill, I figured I would take a couple of minutes and review what this new bill would mean for internet poker as it currently stands. First, only existing casinos, race tracks, and slot machine makers will be authorized to have a license within the first two years after the bill being passed.   Furthermore, existing online poker rooms are prohibited from transferring their assets to a licensed entity.
Categories: Harry Reid, Internet Poker Act of 2010, Legalized Online Poker