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WPT Gambles on Online MarketLOS ANGELES – As reported by the LA Times: "American players drive the $2.4-billion online poker market, but the profits they generate flow overseas to the foreign companies that dominate the business. "Now, Los Angeles-based WPT Enterprises Inc., whose televised World Poker Tour helped touch off the poker craze, wants a piece of that pot — and to get it the company has ventured into uncharted legal territory. From its Wilshire Boulevard offices across from the Los Angeles County Museum of Art, WPT has quietly launched an overseas gambling website that it believes will flourish even though the rules of the game are stacked against it. "WPT bars U.S. citizens, an estimated 80% of its potential customer base, from its Europe-based WPTonline.com poker site. The company has no desire to rile the Justice Department, which considers it illegal to accept online bets from U.S. residents on sports and casino games other than horse racing. "…So far, the Justice Department has not brought any cases against online poker players or the companies that take their money. "…Scholars call online gambling law murky, however, because most of the relevant federal statutes, including the 1961 Wire Communications Act, were written long before the Internet era…" Pennsylvania Board Keeps Application DeadlineHARRISBURG, Pennsylvania – (PRESS RELEASE) -- The Pennsylvania Gaming Control Board will keep its December 28, 2005, deadline for the submission of all applications for operating licenses, Chairman Tad Decker said today. "After polling Board members individually, I have concluded that any proposal to change the deadline for submitting these applications will not be approved by the Board," Decker said. "Given the time sensitivity of the application process, we are making this announcement now, rather than at the next Board meeting on December 1, to give our potential applicants as much notice as possible." Decker reminded potential applicants that application forms, as well as instructions on how to submit applications to the PGCB, are available on the Board's Web site, under the "Licensure" heading. U.S. Supreme Court Refuses to Hear New York Gambling CaseALBANY, New York -- As reported by the Associated Press: "The U.S. Supreme Court on Monday refused to hear a case filed by a group of antigambling organizations seeking to overturn a 2001 New York state law that authorized the broad expansion of legal gambling in New York. "The move by the nation's highest court was the final nail in the coffin for the suit to prevent more Indian tribes from opening casinos in New York. "...The 2001 gambling bill was approved as the state sought new revenues in the wake of the terrorist attack on the World Trade Center. The law was the largest expansion of state-sanctioned gambling in New York's history..." Underground Gambling Gauges Taiwan ElectionsTAIWAN – As reported by the China Post: "Underground election gambling is emerging as an important channel for gauging the popularity of candidates of various political parties in the upcoming Dec. 3 elections, as it is increasingly difficult for residents to respond to public opinion polls, according to market sources.
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