Sunday, June 05, 2005
Legal Developments Around Poker
Those small stakes poker tournaments popular in some restaurants will now be legal in Minnesota. Maybe Colorado ought to think about a similar law.
Meanwhile, the owners of the most-popular online poker website intend to take their company public. They thought they might achieve a valuation of $10 billion, but the possibility that the US government will hound them is scaring off fund managers. The company has more than 1000 employees, most of them in India and Gibraltar. In another example of vice complementarities, the original start-up money came from one of the owners' earnings from online pornography.