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Posted: Sat, 30 Sep 2006, 1:03pm Post subject: Online Gambling Prohibition News
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Almost as bad as that idiot heybude
Joined: 06 Aug 2006
Posts: 3063
WPP: 71
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I'm sure a lot of people are interested in reading articles about the ban, about why the ban will fall, etc.
I sure am.
If you find any articles that have any relation to the ban please post them here!
EDIT by Xianti: Please post all relevant links to news articles (as opposed to other speculative forum discussions) here.
Comments regarding these new developments should be posted here:
http://www.flopturnriver.com/phpBB2/forum/poker-44332.htm |
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Posted: Sat, 30 Sep 2006, 1:55pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Sat, 30 Sep 2006, 2:05pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Sat, 30 Sep 2006, 4:27pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Sat, 30 Sep 2006, 5:31pm Post subject:
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Full House
Joined: 08 Aug 2006
Posts: 822
WPP: 73
Location: wisconsin
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Posted: Sat, 30 Sep 2006, 5:49pm Post subject:
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Season I
Joined: 02 Jul 2004
Posts: 2360
WPP: 74
Location: Dallas, TX
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Posted: Sun, 01 Oct 2006, 1:32am Post subject:
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Full House
Joined: 08 Aug 2006
Posts: 822
WPP: 73
Location: wisconsin
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same source, gambling911.com
interesting---
"Republican Source: No Big Deal" "The Bill will change very little"
http://www.gambling911.com/internet-gambling-bill-100106.html
| Quote: | It is a big deal, however, to the online gambling sector, with a number of publicly traded firms expected to release statements on Monday.
Andrew McIvor, the finance director of Sportingbet, which takes most of its bets from the US market, told the Belfast Telegraph Saturday night: "We have not discussed it (the bill) yet as a board and have not taken on what it really means for the company as yet. Things will unravel during the week."
Others have suggested to Gambling911.com that countries - quite possibly the online gambling Mecca of Gibraltar - may be considering legal action against the United States with the island nation of Antigua a near sure bet to follow.
Legal advisors for one major online payment processor have already indicated to Gambling911.com they plan on joining in on any pending litigation that might materialize as a result of this bill. A third party risk meeting is slated this coming Thursday in London. | |
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Posted: Sun, 01 Oct 2006, 8:07pm Post subject:
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Flush
Joined: 01 Feb 2006
Posts: 501
WPP: 122
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Posted: Mon, 02 Oct 2006, 12:19am Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Mon, 02 Oct 2006, 1:13am Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Mon, 02 Oct 2006, 1:29am Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Mon, 02 Oct 2006, 1:53am Post subject:
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Administrator
Joined: 04 Dec 2003
Posts: 1748
WPP: 155
Location: on my laptop
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Posted: Mon, 02 Oct 2006, 2:23am Post subject:
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Administrator
Joined: 04 Dec 2003
Posts: 1748
WPP: 155
Location: on my laptop
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Posted: Mon, 02 Oct 2006, 2:25am Post subject:
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4-of-a-Kind
Joined: 04 Mar 2005
Posts: 3614
WPP: 52
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Posted: Mon, 02 Oct 2006, 2:25am Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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"Reaction To Online Gaming Bill Vehement And Outraged"
http://www.pokernews.com/news/2006/10/reaction-online-gaming-bill-vehement-outraged.htm
"With the legislation passed, it is now clear what the American poker player has to do and that is exercise the power of the vote to clear the Congress of those who voted for the online gaming legislation.... Now poker players must exorcise these representatives for their disregard for their constituents." |
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Posted: Mon, 02 Oct 2006, 2:25am Post subject:
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4-of-a-Kind
Joined: 24 Oct 2005
Posts: 3556
WPP: 112
Location: at your tables, calling your bets
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Posted: Mon, 02 Oct 2006, 2:57am Post subject:
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4-of-a-Kind
Joined: 04 Mar 2005
Posts: 3614
WPP: 52
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From partygaming.com...
"As a result of this development, the Board of PartyGaming has determined that if the President signs the Act into law, the Company will suspend all real money gaming business with US residents, and such suspension will continue indefinitely, subject to clarification of the interpretation and enforcement of US law and the impact on financial institutions of this and other related legislation."
Suspend all real money gaming business indefinitely??? |
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Posted: Mon, 02 Oct 2006, 2:58am Post subject:
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Flush
Joined: 15 Dec 2004
Posts: 475
WPP: 95
Location: Vancouver, BC, Canada
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That means if you're a US resident, get your money off 888.com and PartyPoker... Just to be safe.
-Chris |
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Posted: Mon, 02 Oct 2006, 3:31am Post subject:
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4-of-a-Kind
Joined: 04 Mar 2005
Posts: 3614
WPP: 52
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| well i'm too tired to monitor the headlines any longer. i'll see everyone tomorrow and hopefully the world will not have ended... |
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Posted: Mon, 02 Oct 2006, 3:38am Post subject:
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Full House
Joined: 12 Jan 2005
Posts: 1461
WPP: 122
Location: wearing the honors of honor and whatnot
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the same bulletin that mcatdog posted is also available as a pdf from partygaming.com
oh by the way
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Posted: Mon, 02 Oct 2006, 3:57am Post subject:
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Full House
Joined: 12 Jan 2005
Posts: 1461
WPP: 122
Location: wearing the honors of honor and whatnot
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the gambling911 article a few posts above says this | Quote: | | Sportingbet is expected to continue operating in the US market despite legislation that pushed through Congress late Friday night which would prohibit US banks from sending payments to online gambling sites. |
that's pretty optimistic/misleading/wrong.
Link
| Quote: | LONDON, Oct 2 (Reuters) - Online gaming group Sportingbet Plc (SBT.L: Quote, Profile, Research) said on Monday it would scrap a planned merger and might stop doing business with U.S. customers after legislation was passed there aimed at preventing gambling over the Internet.
"Should Sportingbet's non-U.S. international banking partners determine that the act applied to them, then Sportingbet would no longer be able to take deposits from U.S. residents and this would have a material impact on the company's trading performance," it said in a statement. | |
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Posted: Mon, 02 Oct 2006, 4:03am Post subject:
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Full House
Joined: 28 Nov 2004
Posts: 637
WPP: 175
Location: Location: Location
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Posted: Mon, 02 Oct 2006, 4:23am Post subject:
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Full House
Joined: 12 Jan 2005
Posts: 1461
WPP: 122
Location: wearing the honors of honor and whatnot
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| damnit! i just cut out the neteller thing to post that too. all that wasted effort. |
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Posted: Mon, 02 Oct 2006, 6:36am Post subject:
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11 OF DIAMONDS
Joined: 22 Nov 2005
Posts: 4380
WPP: 117
Location: ISHPERMING MISHIGEN
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| Wow... just wow.. I can't believe all of this... It's surreal.. |
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Posted: Mon, 02 Oct 2006, 7:04am Post subject:
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Straight Flush
Joined: 07 Jul 2005
Posts: 9472
WPP: 127
Location: Sydney
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Looks like I held on to these puppies too long  |
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Posted: Mon, 02 Oct 2006, 9:07am Post subject:
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Flush
Joined: 01 Feb 2006
Posts: 501
WPP: 122
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I do not have a copy of it , But according to US 2+2 members Neteller has released a new Terms and Conditions for US players with a clause that they may close all accounts...
US Players can you verify? |
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Posted: Mon, 02 Oct 2006, 9:17am Post subject:
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Straight
Joined: 20 Apr 2006
Posts: 208
WPP: 47
Location: Miami
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Posted: Mon, 02 Oct 2006, 10:23am Post subject:
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Not a thinking person
Joined: 14 Oct 2004
Posts: 2425
WPP: 138
Location: My ice is polarized
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| Phantaroth wrote: | I do not have a copy of it , But according to US 2+2 members Neteller has released a new Terms and Conditions for US players with a clause that they may close all accounts...
US Players can you verify? |
Yes, this is true, they made me accept it right after I logged in. I cannot even log in now though... |
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Posted: Mon, 02 Oct 2006, 10:34am Post subject:
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Flush
Joined: 17 Mar 2005
Posts: 293
WPP: 91
Location: SCOTLAND
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Posted: Mon, 02 Oct 2006, 12:03pm Post subject:
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Straight
Joined: 09 Mar 2005
Posts: 131
WPP: 115
Location: Metrowest Massachusetts
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Posted: Mon, 02 Oct 2006, 1:27pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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"Our concern is that the added burden of monitoring all payment transactions for the taint of Internet gambling will drain finite resources currently engaged in complying with anti-terrorism, anti-money laundering regulations and the daily operation of our bank."
http://www.internetnews.com/bus-news/article.php/3635406
Ironic, isn't it? |
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Posted: Mon, 02 Oct 2006, 2:14pm Post subject:
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Full House
Joined: 21 Jan 2005
Posts: 1120
WPP: 128
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Posted: Mon, 02 Oct 2006, 2:31pm Post subject:
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4-of-a-Kind
Joined: 04 Mar 2005
Posts: 3614
WPP: 52
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ya that was a bit hasty. sorry. |
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Posted: Mon, 02 Oct 2006, 2:57pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Mon, 02 Oct 2006, 3:08pm Post subject:
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4-of-a-Kind
Joined: 01 Nov 2005
Posts: 3028
WPP: 115
Location: GO BUCKS!
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I think that this adds to this thread. I asked for Bax's opinion on the matter over a pokerxfactor and I got this response:
I spent considerable time with the higher-ups at UB and they said they were happy with the legislation as compared to what it could have been. According to them, once Bush signs it, it will not be illegal for us to play poker. It will only be illegal for the banks to facilitate us. There will be 270 days for the banks to cooperate, which will give time for the Banks to “find a solution.” Neteller supposedly has a way around this.
With UB signing new pros, they clearly expect to be in biz.
Bax |
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Posted: Mon, 02 Oct 2006, 5:36pm Post subject:
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Full House
Joined: 08 Aug 2006
Posts: 822
WPP: 73
Location: wisconsin
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Posted: Mon, 02 Oct 2006, 6:16pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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"But some analysts said a potentially lucrative regulation, rather than prohibition, was still the most likely outcome for Internet gambling once November 7 elections to Congress are out of the way."
http://www.physorg.com/news79030209.html |
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Posted: Mon, 02 Oct 2006, 6:58pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Mon, 02 Oct 2006, 8:30pm Post subject:
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OLD MAN RIVER
Joined: 14 Sep 2005
Posts: 3687
WPP: 80
Location: Canuckistan
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TruePoker's statement...interesting positive spin:
“Congress passed the UIGE Act of 2006, which covers deposits made by US players to certain types of sites. Our read is that Act covers only sites which offer Sports Betting or Casino type games where you bet against the Site itself.
We are not going to be breaking any laws, we believe this Act does not apply to sites not in “the business of betting or wagering”, which we are not.
We will need to see what develops in the payments processing industry over the next few weeks with respect to your ability to send money, but TruePoker’s poker operations will continue for US players.
Summary:
TruePoker does NOT make or accept bets or wagers in which it has any stake in the outcome. So, our games and tournaments, and your deposits, are not covered by this UIGE Act of 2006.
TruePoker does not have a stake in the outcome of the games or tournaments we offer, in the US or anywhere else. (We do not offer casino games or sports betting, and so have no stake in the outcome and are not in the “business of betting or wagering”)
Business Decisions:
Certain sites, such as Party and Pacific, have decided to abandon the US poker market as a busness decision. We view our commitment to our customes a bit differently. The Act does not outlaw playing poker on the Internet from the US, period. We certainly will accept deposits and new accounts as long as we can do so. We see NO reason to cut off play in any event under this Act.
As you do, we await developments in the payments processing industry, but it is business as usual for TruePoker’s poker operations.” |
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Posted: Mon, 02 Oct 2006, 11:54pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Online Gambling Still in the Cards?
"AGA president and CEO Frank Fahrenkopf says the organization does not believe the act eliminates the possibility for U.S.-based casinos to open online sites, regulated by states or the federal government, in the future."
"If the bill becomes law, they say that U.S. gamblers will still bet on these sites. But rather than using credit cards, they'll employ other e-wallet payment services based outside the U.S., such as NetTeller and FirePay.... There are so many alternate means of payment that it is not going to stop what is happening here."
http://www.businessweek.com/technology/content/oct2006/tc20061002_295924.htm |
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Posted: Tue, 03 Oct 2006, 12:09am Post subject:
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Full House
Joined: 19 May 2006
Posts: 722
WPP: 43
Location: Philly
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"Online gambling bosses forecast consolidation"
Link |
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Posted: Tue, 03 Oct 2006, 5:02am Post subject:
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Administrator
Joined: 04 Dec 2003
Posts: 1748
WPP: 155
Location: on my laptop
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Posted: Wed, 04 Oct 2006, 1:21pm Post subject:
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4-of-a-Kind
Joined: 02 Mar 2006
Posts: 3558
WPP: 84
Location: right here
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Posted: Wed, 04 Oct 2006, 7:34pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Thu, 05 Oct 2006, 1:28am Post subject:
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Full House
Joined: 12 Jan 2005
Posts: 1461
WPP: 122
Location: wearing the honors of honor and whatnot
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Posted: Thu, 05 Oct 2006, 1:46am Post subject:
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Administrator
Joined: 04 Dec 2003
Posts: 1748
WPP: 155
Location: on my laptop
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I'm not superstitious but Friday the 13th? That is a bizarre coincidence... |
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Posted: Thu, 05 Oct 2006, 4:56pm Post subject:
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Flush
Joined: 01 Feb 2006
Posts: 501
WPP: 122
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o Noes
Titan:
Due to the recent passing of the Unlawful Gambling Enforcement Act by the United States Senate on September 30, 2006, and its imminent enactment as federal law, we will no longer allow real money gaming activities from United States residents.
We regret to inform you that, consequently, we are closing your gaming account at Titan Poker.
Your balance is available to you. You may access your account and request the withdrawal of such balance, subject to any conditions that might apply, including bonuses received.
We appreciate your patronage, and apologize for any inconvenience caused. We hope to be able to offer to you our services again in the future.
Robin Steele
Manager
Titan Poker
"Become a Legend at Titan Poker"
http://www.titanpoker.com |
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Posted: Thu, 05 Oct 2006, 5:08pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Posted: Fri, 06 Oct 2006, 4:04am Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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Long, but very thorough and insightful...
"Legal Landscape of Online Gaming Has Not Changed
Analysis From CardPlayer's Legal Counsel"
Some of the key topics include...
The New Bill Does Not Make Online Poker Illegal
The Bill Does Not Change Existing Gaming Law
Online Poker Is Not Illegal
Hysteria Is Completely Unfounded
The Future
Some Online Sites Are Overreacting
http://www.cardplayer.com/poker_news/news_story/1446?class=PokerNews |
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Posted: Fri, 06 Oct 2006, 12:45pm Post subject:
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The Greatest American Hero
Joined: 04 Dec 2003
Posts: 5241
WPP: 91
Location: facebook.com/xianti
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"It was announced today that President George W. Bush will sign the Port Security Bill into law next Friday, October 13."
Link |
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FTR $200 Freeroll at Bet365Poker, November 22nd @ 15:00 ET
