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Calling All Millionaires. Building an Online Poker Empire (Page 1 of 2)
The internet has opened doors to miraculous opportunities. Every person around the world can literally become your customer if you have the right product or service to offer them. Many people have become wealthy because of the internet, but some have become mega wealthy.
The online gaming industry has produced multiple Billionaires over the last 7 years. That’s billionaire with a B. Take Ruth parasol, the co founder of Party poker (Party Gaming). Ruth standed to make an additional $683 million the day her company went public. Then, there is Calvin Ayre. He founded the Bodog sports book empire. Bodog takes hundreds of millions of dollars in beting action each year.
There appears to be a shroud of mystery around the legality of online gaming. At times, the United States government has intervened and tried to police the world as one nation. The interesting thing to note is that there are many variables to setting up and doing business as an online gaming company. US citizen or not, the US government has only gone after sports book and sports book processing companies.
In the past 7 years, US citizens contributed most of the online gaming revenue globally. In the past two years, things have really started to change. Regardless of recent US law changes, US players really haven’t slowed down with online gaming. Online gaming is growing at a cancerous rate. This is because of internet broadband expansion on a global basis. Citizens from other countries across the globe are starting to place wagers online. They are finally able to do so because of high speed internet access availability..
If every US citizen stopped placing wagers online today, the online global gaming industry would still grow at an alarming rate. What’s even more interesting, is that NOT one US citizen has ever been prosecuted by the US government for taking wagers online from non-us citizens outside of this country.
Thanks to client language software (software that runs in different languages), it is now possible to market gaming globally and successfully. You can be a US citizen, and legally own and operate an online casino, poker room, and or sports book, providing that NONE of your customers are in the United States, or are US citizens.
The recent US law banning US poker may get repealed this month. You can learn more about that by researching the UIGEA repeal ACT to be held on September, 26th, 2007. Not to mention, it looks like the government will never go after poker rooms due to the public unrest involved against the law. There are at least 5 large successful poker rooms that still take US players. They promote their poker sites all over television with US poker celebrities as their spokesmen. They are Poker Stars, Ultimate Bet, Full Tilt Poker, Absolute Poker, and Doyles Room. One of the founders of Doyles Room is Doyle Brunson. Doyle lives in Nevada and doesn’t hide under his bed. The only type of gaming site that the US government has ever gone after is a sports book. The only type of processing company the US government has ever gone after is a processing company that would process the sports books deposits/withdrawals.
Slot Machine Evolution
So just how in the heck did slot machines go from where they started to the machines of pleasure we see today? Today, they are modern technical marvels, but in decades gone past, the slot machine was basically a simple mechanical instrument with revolving wheels-nothing fancy.
You pulled the arm and the machine took your money-thus the “one-armed bandit” label was coined. They were very primitive. Personally, I think slot machines have taken a step back. Let me explain.
For eons, the big lure of slot machines was their humongous house advantage-ouch-but their payout method. That’s right. We all love when we hit a slot machine in the paying stomach and it spits out coins nonstop. Listen to the beautiful melody as those coins shoot down the barrel and into the metallic tray below. The whole world could hear when you won-and everyone loved it.
Today, it’s so darn technical that our music and experience has been taken away. Now instead of signaling to the whole world that you’ve just scored, the slot machine calmly and silently prints out a redemption ticket. Clean, yes. Fun, no.
But let’s look more at the fun side of evolution. In the old days, you’d throw in a coin or two, the wheels would spin and some money would pop out if you were lucky. Many got tired of this mundane play and let the slot world. Ah, but that’s all gone now.
Slot machines are now mini video game systems. They have bonuses, side games, moving parts and more. My favorite has to be the Wheel of Fortune. I also loved Reel Em In, which was the first slot machine of its kind.
Walk into any casino (or go online) and gone are the simple 777 slot machine (mostly). Now you’ll find branded video games. They got slot machines for CSI, Adam’s Family, Wheel of Fortune, Deal or No Deal, James Bond, Playboy and anything else you can dream up. In fact, there’s a convention annually that pitches new brands and ideas to casino executives. I even saw some Elvis slot machines-hey, it’s Vegas.
Virtual slot machines are the way of the future. I won’t be surprised to see full-blown video games at some juncture. We’re almost there now.
Since 2003, which is when WMS introduced the CPU-NXT with film-quality animation and high-resolution graphics, slot machines have evolved into next-generation gaming platforms. The future is bright for slot machines and slot machine players.