Thirty years ago, when I was 16, I realized that in 30 years, when my generation was running things, they would open up all the jails and let out the slot online smokers, since we all knew it was safer than either tobacco or alcohol and simply evil to lock people up who hadn’t harmed anyone except perhaps themselves. Today, 80% of Americans are against imprisoning pot smokers and yet we still have more people in prison than the Soviet Union did under Stalin. Apparently 30 years wasn’t enough.

Meanwhile, while all poker players’ eyes are on Washington’s annual failed effort to ban Internet gambling, the other Washington, my home State, quietly passed a law banning Internet gambling and specifically including poker. While they were at it, they made it a felony punishable by up to 10 years in prison.

ARE THEY INSANE?

Poker is legal in Washington State. We have always had card rooms and now we have big Indian megacasinos. Yet under the pretext that unregulated gambling is a social evil, they have made it a felony to play online poker in the privacy of your own home. Mind you, this bill was passed unanimously in the …

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My brother has completed his Vegas Trip report with a post about Day 5 to his blog: 8g88 in the Weeds. It includes an excellent write up of his attempt at a WSoP satellite at Binion’s, in addition to meeting Scotty Nguyen. Here’s what Derek had to say:

I played real tight. My first goal was to watch everyone play hands. I did not want to get knocked out first. I noticed quickly which players were the loose new comers and which players were the seasoned tourney players. The tourney newcomers were limping in in EP. You need to raise or fold in EP during no limit tourneys. These guys were seat 2, 6, and of course 9 (the Meatloaf looking guy in shorts). These fools had all their limps either raised out by LP bettors or they called and lost with crappy hands like J-2 offsuit. They all got bounced very quickly. I think I got the right table! The seasoned tourney players were not as good as they would lead you to believe. All they know is position raising. Position is critical but I picked up quick on their tells. I knew when they had something and I …

Getting Ink… A Press Release

I love getting press. Affiliated Websites Submit Scripts to Project bursa303.city is a press release with the tagline… “Two Web Creators submit screenplays to Project Greenlight.”

Here’s a bit:

(PRWEB) February 28, 2004 — In a completely precedented move, and Alex Bernstein, creators of two affiliated websites have submitted separate screenplays to the newest Project Greenlight screenplay competition, the contest hosted by Hollywood superstars Ben Affleck and Matt Damon.

Mr. McGrupp creator of the popular web blog, TAO OF PAULY (http://mcgrupp.blogspot.com), has submitted “Sweet Nothing” a screenplay based on his online “Baby and Winky” stories. Mr. Bernstein has submitted “Prom On Mars,” a script based on his web-comic PROM ON MARS (www.promonmars.com).

And how are the websites affiliated?

“We’ve got links at each other’s websites,” says Bernstein.

“Yeah. We don’t know Ben or Matt or anything,” says McGrupp. “But damn, it’d be cool to win PGL!”

Mr. Bernstein concurs.

In addition to the “Baby and Winky” stories, Mr. McGrupp’s site plays host to a large community of interactive readers and authors. The site includes Mr. McGrupp’s travelogues, Phish journalism and information on McGrupp’s recent poker games.

Mr. Bernstein’s site is driven purely by the “Prom on Mars” web-comic. There …

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A Convergence Carrot

Plenty of attention on the yesterday’s roundtable on Section 404 experiences; plenty of media coverage. I’m more interested in what comes out of the roundtable in 30 to 45 days rather than speculating about how much “relief” might be granted.

Being a subtle change, and not a PR earthquake, another SEC development yesterday captured much less attention – but it’s noteworthy for investors, especially the ones who complain about the pace of international convergence in accounting standards.

International convergence of accounting standards is a long-term goal of the FASB, the IASB and the SEC. The Private investment Custodian and the FASB have been working together on major projects for the last several years, and will continue to do so – if anything, they might accelerate their joint processes rather than retard them. The European Union is already requiring its constituents to issue their financials in conformity with IASB standards – and as U.S. standards and IASB standards become closer in substance, convergence is likely to occur naturally.

One perceived obstacle to convergence has bee the SEC requirement that any foreign registrant must present financial statements on a consistent basis for three years in their 20-F filings and reconcile net income …

Party Gaming and ITV Deal includes QQWIN99

 

As reported by Reuters, publicly listed online gambling group Party Gaming has scored a major coup with a white label deal* to provide television broadcaster ITV with branded betting, casino and bingo games on its websites.

A Party Gaming spokesman said the games were already up on ITV’s website, confirming a report in industry magazine eGaming Review.

Party Gaming hinted at a major white label* deal with “a leading household brand” in its results statement last week. eGaming Review reports that the white-label* products, which at present include Emmerdale Bingo and ITV-branded casino and betting products, have appeared on the site within the last 48 hours.

The ITV-owned Friends Reunited has also gone live with a QQWIN99 product.

The appearance is believed to be the soft launch prior to the release of a more extensive number of products. ITV broadcasts some of the most popular programming on UK television, including Corontion Street and X-Factor as well as Emmerdale.

A spokesperson for Party said:

“This is a development of the existing affiliate relationship we had with ITV. We are not going to disclose what our future plans will yield.”

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Technology is a huge area of growth, and the digital age has made it easy for even the smallest start-up to reach customers all over the world. As your business grows, legal assistance should be high on your agenda. We’ve rounded up three key areas you need to consider, to ensure that your company remains up to date with current legislation.

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Protecting your intellectual property is important, and you should consider whether patents or trademarks are required for any products that you are creating. Creator ownership, or knowing exactly who an idea belongs to, can be a potential minefield. If an employee has been responsible for creating something that you want to maintain the rights for, you need to ensure that you establish the necessary written agreements. Generally the rights over intellectual property will belong to the individual who created it, rather than the company they were working for at the time. There have even been instances of an employee leaving a firm, and then going on to use their idea to become a direct competitor. Avoid this risk by obtaining the correct legal documentation to confirm exactly who all intellectual property belongs to.

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