Black Friday For Online Gambling

[SBBC]

Yes, I am as well - going to send my funds into my bank account -

Also Neteller just updated their TOS - so its time to take funds from their to- damn!

 

[jmizeus]

seems to me that once the paty poker got rolling,thats why there making some serious noise on this. all the years of internet gambling,we heard of nothing,well maybe a few threats over the years? but the party poker is one of the hottest things going right now, maybe thats why there sticking there noses in this

why not just make the threats to the locals,you ever hear of any local being busted these days.they must be walkling around with hardons now,locals blow, internet was always the wtg. have a good friend whos a local, and he knows how i feel about them and wouldnt give him the time of day

just hope they leave the sports gambling alone online

 

[wareagle]

my lawyer buddy states neteller and firepay are done as well...anyone affiliated with the sites.

 

[SBBC]

Neteller stated they will operate as usual- however I do not think they will be taking EFT's from anyone...

 

[Chadman]

Yes, I am as well - going to send my funds into my bank account -

Also Neteller just updated their TOS - so its time to take funds from their to- damn!

What are you referring to with Neteller? Did they update something other than their statement yesterday to US customers which said this:

>> It is currently unclear how NETELLER, a European company, with no assets, presence or employees in the US, would be affected by this bill. Once the regulations have been written, NETELLER will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on NETELLER and its US facing business.

NETELLER continues to operate its business as normal. <<


Thanks, just wondering what the update is you are referring to.

 

[jmizeus]

im thinking neteller maybe the only wtg on this matter?

 

[Agent 0659]

Does this affect the porn industry?

What a crock of shit.

 

[SBBC]

No jmizeus -

I would take out large sums of money from Neteller and put them in the bank..

Right now their is no safe way to go - we are not sure what these companies will do..

 

[nervousTic]

Wait, wait. What risk (in detail) is my money that is currently sitting in Pinny or BETUS at? Is the concern that the law will prevent me from being able to process a withdrawl? If not, I can't see a legitimate reason to drain my funds - Pinnacle isn't closing up shop anytime soon.

 

[Big Daddy]

Wait, wait. What risk (in detail) is my money that is currently sitting in Pinny or BETUS at? Is the concern that the law will prevent me from being able to process a withdrawl? If not, I can't see a legitimate reason to drain my funds - Pinnacle isn't closing up shop anytime soon.

My thoughts too.

 

[SBBC]

Pinnacle could stop doing business w/ US and then freeze accounts w/in the US..

 

[nervousTic]

I appreciate the input here, but I think out of fairness to the large user community here - everyone providing advice should deal in facts and avoid the alarmist stuff unless there is definitive proof. I've yet to see any, but could have missed it. Thanks.

 

[nervousTic]

Pinnacle could stop doing business w/ US and then freeze accounts w/in the US..

There is no basis for this. This is a transaction-based law.

 

[SBBC]

Nervous - I know - I really think everything will be OK w/ Pinnacle and some of the larger offshore books...

However Pinnacle might not be able to let you w/draw to US bank accounts if they do not allow it anymore..

 

[nervousTic]

I cannot fathom that a company like Pinnacle, with US customers I'd imagine in the hundreds of thousands, would decide to lock its doors and screw their largest portion customers like that. Insanely premature to predict that.

 

[nervousTic]

Nervous - I know - I really think everything will be OK w/ Pinnacle and some of the larger offshore books...

However Pinnacle might not be able to let you w/draw to US bank accounts if they do not allow it anymore..

Fine - but the bottom line is that I'll be able to get my funds... might be a little harder and cost us some assraping fees, but let's ease off the hysteria angle a bit.

 

[SBBC]

Nervous - True - maybe be a lot harder to get funds and cost some - I agree - good point.

 

[yyz]

From Yahoo news:


We believe that this will have a very material impact on the long-term prospects of online gambling, and in particular poker," said analyst Julian Easthope at UBS. "This will lead to a rapid decline in the use of online poker sites."

PartyGaming generates about 78 percent of its revenue from the United States, while Sportingbet gets about 62 percent there.

CRACKDOWN

Shares in PartyGaming, which rakes in nearly $4 million a day from its 19 million customers, fell 57 percent by 1155 GMT.

Sportingbet, which owns sportsbook.com and ParadisePoker.com, lost 60 percent, 888 was down 33 percent and Austria's bwin.com fell 24 percent.

Bwin could be pushed to the brink, having paid heavily for Swedish online poker site Ongame earlier this year to gain access to the U.S. market, said Leopold Salcher, an analyst at Austria's RCB. "This could break their neck," he said.

Online gaming exploded in 2005 with a string of high-profile company flotations in London, which has become the industry's corporate center.

The bulk of revenue has always come from U.S. players, but the firms were located in offshore jurisdictions like Costa Rica and Antigua for fear of prosecution in the United States, where the legal status of online gaming and betting was uncertain.

Shares in Sportingbet and BETonSPORTS had already been hammered after recent arrests of senior executives on charges of illegal gambling in individual U.S. states, but investors remained hopeful online betting and gaming would not be completely banned at a federal level.

Meanwhile, big American corporations like Las Vegas-based Harrah's Entertainment Inc. were forced to sit on the sidelines as gaming money streamed out of the country.

PartyGaming said in a statement, "If the President signs the act into law, the company will suspend all real money gaming business with U.S. residents



Again:


PartyGaming said in a statement, "If the President signs the act into law, the company will suspend all real money gaming business with U.S. residents


Doesn't matter how you get your money there.......

 

[snoozer]

Does anyone know if they can block IP addresses? Is there a difference between a US IP address and say a Canadian or other countries IP address?

If they can block the IP address, this will cause problems because you won't be able to get in to withdrawal your money.

 

[CWood97]

Wait, wait. What risk (in detail) is my money that is currently sitting in Pinny or BETUS at? Is the concern that the law will prevent me from being able to process a withdrawl? If not, I can't see a legitimate reason to drain my funds - Pinnacle isn't closing up shop anytime soon.

Here's a legit reason ----> better safe than sorry.