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Churchill Downs acquires Bluff

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  1. Adam Adam is offline Emperor

    Atlanta, GA
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    Feb 10th, 2012 (2/10/2012 10:12pm)

    http://www.streetinsider.com/Press+R...a/7161882.html
     
  2. Dan Dan is offline Administrator

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    Feb 10th, 2012 (2/10/2012 10:41pm) in reply to Adam

    Thanks for posting this, Adam. Here's PocketFives' feature article about it:

    http://www.pocketfives.com/articles/...-Media-587158/
     
  3. payems payems is offline

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    Feb 10th, 2012 (2/10/2012 11:52pm) in reply to Dan

    Is this viewed as good, bad, or completely unrelated to regulated ipoker in the US? Seems like they wouldn't make this acquisition if they didn't feel that ipoker was going to be booming in the US in the future, agree?
  4. vicvegas007 vicvegas007 is offline

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    Feb 11th, 2012 (2/11/2012 1:39am) in reply to payems

    I agree, this news plus with chiligaming and the golden nugget joining forces something has to be up. I don't see these companies spending money on this for nothing, but I guess only time will tell.
  5. Adam Adam is offline Emperor

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    Feb 11th, 2012 (2/11/2012 1:04pm) in reply to payems

     
    Originally Posted by payems View Post

    Is this viewed as good, bad, or completely unrelated to regulated ipoker in the US? Seems like they wouldn't make this acquisition if they didn't feel that ipoker was going to be booming in the US in the future, agree?

    I would say none of the above. It's certainly related to regulated online poker in the US, but I don't think you can definitively say it's good or bad. What it really means is that Churchill Downs is more or less placing a bet that regulated poker is around the corner. They probably know more than the average person about this, since they're a public company with presumably a number of connections. But it doesn't necessarily mean anything other than that they're one of quite a number of companies placing bets on the future of online poker in the US.

    I would expect to see more of this type of acquisition over the next year or so, there are definitely more companies like them wanting to get on board while media companies or small gaming companies are still cheap
     
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  6. bwalz bwalz is offline

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    Feb 11th, 2012 (2/11/2012 3:44pm) in reply to Adam

    But isn't the $ & influence from horse racing & the nfl pretty much what funded the uigea?
  7. Adam Adam is offline Emperor

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    Feb 11th, 2012 (2/11/2012 4:03pm) in reply to bwalz

     
    Originally Posted by bwalz View Post

    But isn't the $ & influence from horse racing & the nfl pretty much what funded the uigea?

    Not really. The NFL was definitely against online gaming as were most B&M casinos. But I don't think horse racing was specifically against it - from my understanding they only got involved to make sure that they got a carve out and were able to do online wagering business in the states.
     
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  8. DeaconMike DeaconMike is offline

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    Feb 11th, 2012 (2/11/2012 4:47pm) in reply to Adam

    Seems to me that if the US does legalize and regulate online poker that there's going to be too many sites. You have several Vegas casinos clearly setting up the infrastructure for online poker and now Churchill Downs. I hope down the road we don't end up with 20 US sites that resemble Cake/Bodog where it takes 2 hours to fill a plo sng and the mtt schedule blows.
  9. bwalz bwalz is offline

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    Feb 11th, 2012 (2/11/2012 4:53pm) in reply to DeaconMike

     
    Originally Posted by DeaconMike View Post

    Seems to me that if the US does legalize and regulate online poker that there's going to be too many sites. You have several Vegas casinos clearly setting up the infrastructure for online poker and now Churchill Downs. I hope down the road we don't end up with 20 US sites that resemble Cake/Bodog where it takes 2 hours to fill a plo sng and the mtt schedule blows.

    Before bf there were many options for US players, some will play on fledgling tiny sites sure, but marketing, cs, promos etc will get the most traffic, same as now I'd imagine. If the govts gonna regulate it to the point where they dictate all of the above they may as well run it themselves. The current French situation is a good example IMO of what happens when the govt gets too involved.
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