Posted by Dr Fro 9:27 AM
We got insight on the FSC from Matt (see comment below). As I have always stated, the owners of these places are taking a serious legal risk, but there seems to be no/little risk to the customers (presumably the "vicitms" of this heinous crime). However, there are other risks involved. For instance, I think your entire stack could be taken as evidence. I know someone who claims to know someone that this happened to many years ago.
This is one of many reasons I limit my time at semi-legal* clubs to only when I am bored and desperate for a game. There is enough interest among my friends to be able to organize a game at a house pretty easily. The other reasons I limit my play there is:
- steep rake
- higher quality of players
- smoke
Although, the higher quality of players does help my game in the long run.
*"semi-legal" is the euphamism we use in casa Friou.
Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...