SEM Tycoon

**gregcherry** · 10-01-2006, 09:34 PM

Just read about the new law being passed the will ban online gambling (or at least making payments to online gambling sites) illegal in the U.S., how will this effect you?

**beachbumis** · 10-01-2006, 11:01 PM

I sold my 3 year old poker website 2 months ago.

Not because of the law. The direction I wanted my business to go was 180 degrees from gambling.

Hard to have a portfolio of Christian websites and a poker website.

I still play (love Texas Holdem) but I don't try to get other people to play any more.

As for the gambling law. I did see that Washington D.C. did try to pass something at the local level. The old phone line law doesn't work with all the cable modem connections, so they had to re-work it.

Take Care,

Michael

**Delaboy** · 10-02-2006, 11:12 AM

Come to think of it, I have an expired domain wazoopoker.com that I bought a while ago. I am still thinking what to do with it. It's currently parked.

Any ideas welcome

Cheers

**007** · 10-02-2006, 12:20 PM

You should let it expire. Nobody will want it now.

http://business.timesonline.co.uk/ar...384407,00.html

I find this very interesting, but I think this will be a positive change. Kind of surprised it passed, but I'm not complaining. Now people will have more money left to send my way instead of to the casinos. :-D

**Izo** · 10-02-2006, 12:27 PM

Quote:

Now people will have more money left to send my way instead of to the casinos.

lol, in your dreams

**Wildstuff** · 10-03-2006, 07:26 PM

I have 2 Gambling sites that I haven't bothered promoting for a year or more because of all this.

**Delaboy** · 10-04-2006, 07:35 AM

I will keep Wazoopoker.com at the domain parking company for now.

**gregcherry** · 10-04-2006, 09:13 PM

OK, to tell the truth here. I've spent the past month building iCasinoReview.com and then this happens before I can even the doors. Just my luck! Looks like I need to brainstorm some more for ideas as to how to make some money online.

**buckshot** · 02-14-2007, 08:03 PM

I think there's still definitely money to be made, not only is there still a HUGE worldwide online poker market outside of the US, there are still poker sites that cater to US players.

**imported_seocontest** · 02-16-2007, 04:18 PM

I won the Cpayscom2 online casino seo contest and I am having trouble getting payed be cause of this.

Netteller can no longer make payments to the US

Still waiting for my $12,000 winnings

**buckshot** · 02-16-2007, 06:48 PM

Ouch, that sucks

**krikke** · 02-17-2007, 06:35 AM

How log is your site up gregcherry?

What are the commisions of referring a new player to a gambling site?
Did you already earned something with it?

A had the same idea about 6 months ago, but I did not made the site because of the law and stuff... :innocent:

**one2** · 02-17-2007, 05:53 PM

I've been in the industry for the past 2 years, the new laws have had a MASSIVE effect on everything that I had established during this time. At one point I earned 40k per month, which dropped to 10k per month, and it is down to 1k per month last month. Devastating to say the least. I am not selling my sites though, as I feel the industry will be revived at some point. Whether it is gambling which is regulated by the US govt (MGM Grand has been looking to get setup online), or a service like youteller.com which launches in March (they say they will be able to do US transactions). So we will see...For the time being it sucks!

**lmart** · 02-19-2007, 04:32 PM

Agreed. If/When regulation comes around, you'll be glad you held on to your gaming domains. Regulation would help things along, but you never know... there could be a "killer-app" for payment processing that comes along to shake things up again.

**kriscad** · 02-20-2007, 12:15 AM

Quote:

Originally Posted by one2

I've been in the industry for the past 2 years, the new laws have had a MASSIVE effect on everything that I had established during this time. At one point I earned 40k per month, which dropped to 10k per month, and it is down to 1k per month last month. Devastating to say the least. I am not selling my sites though, as I feel the industry will be revived at some point. Whether it is gambling which is regulated by the US govt (MGM Grand has been looking to get setup online), or a service like youteller.com which launches in March (they say they will be able to do US transactions). So we will see...For the time being it sucks!

i have 700 locked up on neteller... be a cold day until i see that money.

ive seen online play drop, and local live games pick up like crazy... you can find a game here every night at someones house now...

**jesterx** · 03-01-2007, 10:23 PM

man am i going crazy or has there been a over kill of poker....

I guess there are still people making money from it....but the competition is might fierce now.

actually here in austraila i went to an ametuer poker match that was meant to be televised and was really good fun.

I guess the world is going poker mad and there will always be money to made from this niche whatever you do.