Poker Clubs on the Rise
Due to the current United States regulations against online casinos, there have
been new ways found to gamble online in the US. According to the US law, players
are unable to send money directly to an online casino or gambling website
directly from their bank or financial institution. This, however, does not
exclude online clubs and third party payment websites. It seems like the
subscription based online clubs have become a huge hit in the United States.
This has become the best way for poker players to be able to play online poker
without any legal ramifications. The plan for the website is not that of the
traditional online casino. The players are not required to put down a deposit or
even supply a buy in.
The players who sign up to the website will be paying a $20 a month fee. They
will then be able to earn ‘points’ that can be put towards buying their way into
a tournament hosted by the non online casino. The website that has done the best
thus far is the World Poker Tour Enterprises website which is listed in Nasdaq.
The website is called ClubWPT.com and it began in early 2008. The website
recently hit a milestone of its $2 millionth prize money awarded. Their business
is not limited to that of the United States, they have subscribers from
countries where online casinos are legal. Although the sites seem like they
would be the solution to a big problem in the United States, not every website
of this kind has succeeded and lived to tell the same tale that the World Poker
Tour Enterprises website is able to tell.