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Tenxer CEO Jeff Ma on the recent court ruling on poker and whether it is a form of gambling.
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A federal judge ruling this week that Coca is not a game of chance some gambling.
It is a game of skill and -- not gambling under the law.
Joining us now Jeff Maher he's the although all of the house advantage and founder and CEO of ten -- The next products.
On gambling in games of chance with come hunts -- a tough fight Jeff the judge says.
This is not a game of chance is again a skill under the law it's not gambling and you say.
I mean I would agree that it is committed big question isn't whether it's completely games killer completely gimmick -- the question is whether it's predominately game -- skill -- chance and there's.
Certainly it's -- -- skill involved you know.
As some of those studies have shown -- 75% of the time cards aren't even shown sort -- -- do it.
You know bluffing in playing cards and and sometimes it doesn't matter look larger adult and but there's certainly it's a lot of luck involved also.
I tell you justify -- to play poker and I do not it would be pure all gambling because I have no skill in that direction whatsoever of -- look.
The significance of this ruling days.
That he might open up the -- to online Coca I think you would agree with that this opens up the -- this is a possibility -- is not gambling.
-- why can't you do it online.
This is the possibility here -- online gambling as it.
Yeah I mean this is just another one of the pillars that's gonna that needed to fall or that that helps -- online gambling.
You know businesses of the opportunity for I mean you have person and back in January had the ruling that.
You know that this will the federal wire act doesn't really -- -- -- and -- -- doesn't really apply to poker really only applies to events.
I'm now you have this which is saying that poker is a game of skill so isn't gambling so -- -- these -- two big things.
That a fall in the favor of of that -- at least states being able to say hey we wanna do this we wanna take the chance on this because we believe that you know -- these two -- don't.
Apply to it.
-- -- who which state do you think might be first to jump in here with online gambling.
I -- we gotten we got Nevada we got Delaware we get Illinois and we got California I think all four of those are.
You know obviously that the bottom dollar aggressive and but -- you know Illinois and California.
Are states that need a lot of money that have shown that they can be very aggressive in gambling and I think that there is the the ones that'll.
All would you have any role in online poker playing I mean as a play or an organized or an executive -- any company that does this.
Now I probably would and I mean it's not really what I -- -- do for as a business you know if I were wanted to get in that world I would just moved to Nevada and work for the casinos in Las Vegas for me.
That's not necessarily -- business that I wanna be in real fast are you a professional -- today.
I mean I don't.
I of course follows -- -- gambler you know they wrote a book about me how -- -- the casinos and it.
No doubt be some -- is -- but the thing is and this is what I do believe.
That the way that we gambled was not gambling.
It was just taking advantage of -- system because the odds were -- was in our favor.
And there was a lot less luck involved than there is for the average poker player all right Jeff -- always a pleasure to have you thanks again appreciate it.
