| Posted by: talkpkr2me at October 5, 2006, 6:03 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
BBB,I think you're onto something there...Get my broker on the line!!
Seriously,I believe that's probably going to turn out to be ery correct and some ery lucrative stock purchases will be made...As I said in another thread,the sites that are pulling out of the U.S. market are all "publicly" held companies...The privately held ones such as Absolute,Jungle,Cake,etc. have all sent out emails stating it is business as usual for them...Now,get that broker on the line!!
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| Posted by: bubbasbestbabe at October 5, 2006, 5:52 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
I just read an interesting article about gambling on this issue. It seems that the stocks of certain rooms have taken a major tumble. What is being touted about is that now is the time to buy these stocks. Certain stock analysts are of the opinion that if you bought certain stocks you would stand to make a killing later. They are of the opinion that the industry is too big to disappear and that ways will be found to do business as usual. As the old saying goes buy low, sell high. They believe these stocks will return to thier pre Frist bill heights in a short time.
And if any of you do buy, I'll take a 5% commission for this tip.
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| Posted by: Egon Towst at October 5, 2006, 4:18 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by Jack Daniels
Regardless of public or private, jQ's point is that Neteller is not in the jurisdiction of the US Gov't. What's next? US sanctions against the UK for not stopping Neteller. Nope, that won't happen.
I understood that JD, but public companies are much more ulnerable than private ones. Traztom`s made the point already. Public companies can`t look as though they are doing anything that`s questionable or controversial, it brings them under pressure both from the markets and from the regulators.
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| Posted by: traztom at October 5, 2006, 4:13 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by Jack Daniels
I doubt this. They will, as they have all along, claim they are following international law and their local laws for doing what they do. They aren't going to shut down their sites because the US 'tards in gov't passed a stupid piece of legislation.
Sorry, guess I wasn't clear. What I mean is, they will shut down business is a is American players simply because they want to avoid legal problems in the U.S. . The proof is in the fact that so many of them are already blocking American players even though the law has not even come into effect yet.
If you read their announcements in the press, it seems they are going to pursue this through legal channels like the WTO but I doubt any of the established sites will outright defy the American Government if they lose. None of them want to end up in Gitmo!
They will simply restrict their dealings to residents of those countries that haven't banned online gaming.
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| Posted by: Jack Daniels at October 5, 2006, 2:01 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by traztom
they will not want to become outlaws in certain jurisdictions and will comply with the law, even if they need to shut down completely.
I doubt this. They will, as they have all along, claim they are following international law and their local laws for doing what they do. They aren't going to shut down their sites because the US 'tards in gov't passed a stupid piece of legislation.
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| Posted by: traztom at October 5, 2006, 1:51 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by Jack Daniels
Regardless of public or private, jQ's point is that Neteller is not in the jurisdiction of the US Gov't. What's next? US sanctions against the UK for not stopping Neteller. Nope, that won't happen.
Peter Dicks, the Sportingbet chairman, and David Carruthers, the chief executive of BetOnSports were both arrested when they travelled to the U.S. recently. France is also threatening to arrest online gaming executives. Since most of these companies are above board businesses, they will not want to become outlaws in certain jurisdictions and will comply with the law, even if they need to shut down completely.
On the positive side, it looks like the legal issues are not clear cut. In addition, some online bookies are appealing to the WTO for an unfair trade practices ruling. Antigua and barbados gota favourable ruling in 2004 but then the U.S. appealed and the WTO came back with an ambiguous ruling.
http://msnbc.msn.com/id/151... | | Read Entire Entry |
| Posted by: Egon Towst at October 5, 2006, 9:33 am | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by talkpkr2me
As Neteller is a privately held NON American business it is out of the jurisdiction of the United States Congress!!
Actually, Neteller is a publicly traded company as well (in London), but last I looked their shares had risen. Investors seem to think, reasonably enough, that they will do more business in future if other funding methods become difficult. So, at the moment, they don`t have a problem.
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| Posted by: juiceeQ at October 5, 2006, 2:36 am | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by bubbasbestbabe
Actually most of us who reside in the US should email the president and ask him not to sign the bill. You can gently remind him that elections are coming up and you will make it cause to make sure that the Republican candidate for your area doesn't get reelected.
This is a fantastic idea! I think I'll start another thread urging people to do so. Thanks Karen.
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| Posted by: talkpkr2me at October 4, 2006, 10:44 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
It seems to me from what I've read and from all the sites I've already gotten e-mails from,the sites that have jumped ship in a panic and dumped the US players are all publicly held companies..I've gotten emails from Absolute,Cake and Jungle as well which are all privately held poker sites who plan to continue with business as usual.I would guess this is the course the sites will continue to take..And furthermore,this bill can only try to take aways our means of FUNDING out accounts.It isn't meant to make online poker/gambling illegal,to my understanding of it anyway..Banks didn't let us use our credit cards,checks,debit cards,etc long before now...I think if we continue using Neteller,Firepay or one of the others (Neteller for me) then we should have no problem..As Neteller is a privately held NON American business it is out of the jurisdiction of the United States Congress!!
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| Posted by: Jack Daniels at October 4, 2006, 10:25 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
I do play at Jungle Poker and I like the interface in general. Never had any connection issues either. Only problem is that SNGs and cash games can be limited. Cash games aren't typically available above micro limits. SNGs can take a little too long to fill up unless it is closer to free roll times.
But much of the competion is fairly soft (there are still good players there, though, don't mis-read that) and the free rolls are much more manageable in both size and time (and with qualifying and cashing). I've made a fair bit of cash playing there.
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| Posted by: Welly at October 4, 2006, 10:03 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
perhaps nothing will really change in the longterm :-
1) they cant stop you using the internet to make payments abroad (eg to a 3rd party banking system)
2) they cant legislate to websites in foreign countries preventing them from allowing their software to be downloaded to USA IPs
3) they cant stop you receiving money from a foreign country
So, if the above 3 are true, surely it is just a waste of time even trying.
All they will really do is lose out on corporation tax (or the US equivalent). Which seems a little stupid really.
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| Posted by: juiceeQ at October 4, 2006, 9:39 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Copy/Paste of email I received from Jungle Poker:
Quote:
Dear Poker Player,
With the recent developments in the US, we wanted to let you know that JunglePoker will continue to service new and existing players from the United States. Our business will continue to run as usual.
JunglePoker is a privately held business located wholly outside the United States. JunglePoker operations are 100% legal under International and Costa Rican law.
New legislation will not criminalize individuals for playing poker online. Instead, the bill will eventually attempt to prevent the transfer of funds to online gaming. As poker is a game of skill rather than pure chance, we hope that it will not be affected by this new bill.
JunglePoker will continue to offer United States customers the ery best in Online Poker with the fastest secure deposit and payout solutions. All new and existing customers should be 100% confident in playing with the ery best at JunglePok... | | Read Entire Entry |
| Posted by: traztom at October 4, 2006, 5:49 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Well said! (Although I fear your argument will be lost on the intended recipient)
Quote: Originally Posted by joosebuck
1) Any argument that takes the following form is a non sequitur:If A is true, then B is true.B is stated to be true.Therefore, A must be true.Even if the premises and conclusion are all true, the conclusion is not a necessary consequence of the premises. This sort of non sequitur is also called affirming the consequent.
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| Posted by: joshyb20 at October 3, 2006, 11:09 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by hawk123
Typical foreign ultra liberal trash, 100% braindead. If Bush and friends were the only guys oting to ban internet gambling it would not pass. The bill will become law because it (unfortunately) has widespread support from both major parties.
From my understanding, it will pass because there is much support from both parties for a Port Security bill, which the online gaming part just happens to be dragging the coattails of...
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| Posted by: joosebuck at October 3, 2006, 11:00 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote:
the fact that they are so hated by people all over the world, like you, merely proves that we are still the good guys.
1) Any argument that takes the following form is a non sequitur:If A is true, then B is true.B is stated to be true.Therefore, A must be true.Even if the premises and conclusion are all true, the conclusion is not a necessary consequence of the premises. This sort of non sequitur is also called affirming the consequent.
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| Posted by: hawk123 at October 3, 2006, 7:02 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by traztom
Time for you Yanks to get rid of that gang of Fascists that are running your country into the ground! Good luck with your mission!
Typical foreign ultra liberal trash, 100% braindead. If Bush and friends were the only guys oting to ban internet gambling it would not pass. The bill will become law because it (unfortunately) has widespread support from both major parties.
The US has a lot of problems and a lot of dumb politicians, but it is much of the rest of the world that is being run into the ground, and has been for decades/centuries. And the people running our country can't be fascists, because if they were you would love them. Anti-American left-wing trash all over the world love fascists, commies, and dictator thugs of all forms. Our leaders might be incompetent, but the fact that they are so hated by people all over the world, like you, merely proves that we are still the good guys.
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| Posted by: Egon Towst at October 3, 2006, 6:46 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by combuboom
it might be wise to cash your money out of Party Poker.
It might be wiser not to panic, and not to encourage others to panic
Party is worth more money than a lot of third world countries. They don`t need to rob small-scale customers of their ten-dollar bankrolls.
If they haven`t answered you, they`re probably just busy. I should imagine it`s stressful in their offices right now.
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| Posted by: combuboom at October 3, 2006, 6:28 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
I've emailed Party Poker twice in the past 2 days asking if they will still allow people to cash out the money in their accounts after the act is signed into law and have gotten no reply. I've always received a reply to any question I asked their support within 3 hours until now...
Unless anyone can get a definitive reply to that question, it might be wise to cash your money out of Party Poker.
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| Posted by: traztom at October 3, 2006, 2:50 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
I am sure ways can be found for Americans to fund Poker accounts. Offshore sites are NOT going to turn down money from the U.S. and will be actively looking for ways to receive it.
What is more of a threat is the possibility that ISP's in the States will be forced to block links to Poker sites from within the U.S.. CNN has been reporting that this is the case.
If true, you will NOT be able to play poker online at all so funding your account will be irrelevent.
The technology exists to do this as it is widely use in countries like China, Korea and Iran. Now it seems the U.S. is joining the list of totalitarian countries with a censored Internet.
Time for you Yanks to get rid of that gang of Fascists that are running your country into the ground! Good luck with your mission!
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| Posted by: Egon Towst at October 2, 2006, 9:38 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Quote: Originally Posted by Obsidian
Does this mean that some of the poker sites will shut down, or does it mean that they will focus more on european players?
Party have said in their statement that they will now focus on Europe and other markets.
Gambling is legal in all the major European countries, so they have a solid business opportunity there. I guess their greatest concern right now must be to be able to point to a stable future market to reassure investors, because their share price has gone into free-fall on the London Stock Exchange.
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| Posted by: SHERMSTICK at October 2, 2006, 7:44 pm | | Topic: Update on how the Poker sites have responded to the Internet Gambling ban Forum: Card Chat |
Dear fellow poker player, I am a member of the Poker Players Alliance, and I think that you should join as well. The Poker Players Alliance is the one oice for Poker players and the game they love on Capitol Hill. The PPA actively lobbies Members of Congress to ensure that your ability to play internet poker is protected from the Internet Gambling Prohibition that passed in the House of Representatives 317-93. By joining the PPA, your oice is heard on Capitol Hill, along with over 100,000 American members. In addition to the PPA T-shirt, lapel pin, membership card and keychain, you will receive important information on what is happening on Capitol Hill and how it might affect you, and alerts that instruct you on how best defend the game from this threat to Internet Poker. Please go to: http://www.pokerplayersalliance.org, or to join the PPA: https://www.pokerplayersalliance.org/join.phpThank you for learning about this ery important organization. "Brief Analysis of Internet Gambling Prohibition Act... | | Read Entire Entry |
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