Barclays and RBS warn gaming clients on U.S [Archive]

Synergistic Explosions

10-12-2006, 06:51 AM

Reuters
Barclays and RBS warn gaming clients on U.S.: source
Thursday October 12, 5:28 am ET

LONDON (Reuters) - Barclays (London:BARC.L - News) and Royal Bank of Scotland (London:RBS.L - News) will shortly advise corporate customers to avoid taking Internet bets from the United States, banking and gambling sources said on Thursday.

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"The two banks will be telling corporate clients they're not prepared to do business with companies that take online bets from the United States," said the source. "Then they'll look at ways of stopping retail customers from online gambling."

An RBS spokeswoman said: "The Royal Bank of Scotland Group will take the necessary steps to ensure that we are fully compliant with this legislation." Barclays declined to comment.

Gambling companies were left in shock last week after the U.S. Congress unexpectedly passed a bill making it illegal to accept wagers over the Internet, or for banks or credit card companies to process payments to online gaming firms.

The measure has been passed to President George W. Bush to sign into law, which the industry expects to happen on Friday.

Banking and gambling sources said the two banks had written to corporate customers asking them to confirm they are complying with U.S. gaming legislation.

British online money transfer firm Neteller Plc (London:NLR.L - News), which does a lot of gambling business, says it is reviewing the situation.

RBS owns Citizens Financial Group, which is the eighth biggest commercial bank in the United States in terms of deposits. It has more than 1,600 branches operating across 13 states, and has non-branch retail and commercial offices in about 40 states.

(Reporting by Pete Harrison and Steve Slater)

Vern

10-12-2006, 07:08 AM

[ QUOTE ]
Reuters
Barclays and RBS warn gaming clients on U.S.: source
Thursday October 12, 5:28 am ET

LONDON (Reuters) - Barclays (London:BARC.L - News) and Royal Bank of Scotland (London:RBS.L - News) will shortly advise corporate customers to avoid taking Internet bets from the United States, banking and gambling sources said on Thursday.

ADVERTISEMENT
click here
"The two banks will be telling corporate clients they're not prepared to do business with companies that take online bets from the United States," said the source. "Then they'll look at ways of stopping retail customers from online gambling."

An RBS spokeswoman said: "The Royal Bank of Scotland Group will take the necessary steps to ensure that we are fully compliant with this legislation." Barclays declined to comment.

Gambling companies were left in shock last week after the U.S. Congress unexpectedly passed a bill making it illegal to accept wagers over the Internet, or for banks or credit card companies to process payments to online gaming firms.

The measure has been passed to President George W. Bush to sign into law, which the industry expects to happen on Friday.

Banking and gambling sources said the two banks had written to corporate customers asking them to confirm they are complying with U.S. gaming legislation.

British online money transfer firm Neteller Plc (London:NLR.L - News), which does a lot of gambling business, says it is reviewing the situation.

RBS owns Citizens Financial Group, which is the eighth biggest commercial bank in the United States in terms of deposits. It has more than 1,600 branches operating across 13 states, and has non-branch retail and commercial offices in about 40 states.

(Reporting by Pete Harrison and Steve Slater)

[/ QUOTE ]
Isn't the RBS the bank behind Pokerstars?

2461Badugi

10-12-2006, 07:11 AM

[ QUOTE ]

Isn't the RBS the bank behind Pokerstars?

[/ QUOTE ]

Not anymore, at a guess. Those wondering why Stars took so long to announce may have a clue here.

Vern

10-12-2006, 07:13 AM

From the FAQ:

[ QUOTE ]
PokerStars is proud to announce that, under new banking arrangements, an amount covering Players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by a leading European bank. The arrangements ensure that PokerStars can at all times fulfill its obligations towards Players, and will provide further reassurance that Players' funds are always secure with PokerStars

[/ QUOTE ]

2461Badugi

10-12-2006, 07:15 AM

[ QUOTE ]
From the FAQ:

[ QUOTE ]
PokerStars is proud to announce that, under new banking arrangements, an amount covering Players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by a leading European bank. The arrangements ensure that PokerStars can at all times fulfill its obligations towards Players, and will provide further reassurance that Players' funds are always secure with PokerStars

[/ QUOTE ]

[/ QUOTE ]

Yeah, I just noticed that. I'm pretty sure it specified the RBS last week.

Vern

10-12-2006, 07:16 AM

[ QUOTE ]
[ QUOTE ]
From the FAQ:

[ QUOTE ]
PokerStars is proud to announce that, under new banking arrangements, an amount covering Players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by a leading European bank. The arrangements ensure that PokerStars can at all times fulfill its obligations towards Players, and will provide further reassurance that Players' funds are always secure with PokerStars

[/ QUOTE ]

[/ QUOTE ]

Yeah, I just noticed that. I'm pretty sure it specified the RBS last week.

[/ QUOTE ]
Me too, archive press releases refer to it as late as 9/25/06

Linky (http://www.primezone.com/newsroom/news.html?d=105730)

2nicolette

10-12-2006, 08:16 AM

Doesn't UB use Royal Bank of Scottland?

JuntMonkey

10-12-2006, 08:33 AM

This is somewhat worrisome...anyone?

Jerry D

10-12-2006, 08:57 AM

Not exactly good news.

This whole issue is a rollercoaster. We get good news followed by bad news followed by good news. Then it all starts over again. Party pulls out, Full Tilt says we are here forever, Firepay surrenders, Neteller says were staying for now, Crypto caves and runs away, Poker Stars stays, Nolan Dalla resigns, Daniel Negreanu says the Republicans can stick it where the sun don't shine, and the whole cycle continues. I wish it was this time next year when we will really have a grasp of what has happened, this rollercoaster of good news and bad news is too much to take at times..

O Doyle Rules

10-12-2006, 10:14 AM

[ QUOTE ]

Banking and gambling sources said the two banks had written to corporate customers asking them to confirm they are complying with U.S. gaming legislation.

[/ QUOTE ]

Hopefully, this was one of the reasons Stars did take so long to make their decision and their decision was made with the RBS position clearly known to them.

BluffTHIS!

10-12-2006, 10:17 AM

Here's the link btw: reuter's story (http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyID=2006-10-12T093036Z_01_L12863667_RTRUKOC_0_US-LEISURE-GAMBLING-BANKS.xml).

While stars would have clearly been affected under a definition of accepting a bet or wager, neteller shouldn't be. They aren't accepting any bets or wagers. And while US law might prevent US financial institutions from transferring funds to online sites, it can't prohibit neteller from doing so as it is domiciled in europe.

Also, since it was clear that Barclay's and RBS had already been in contact with their clients, and thus didn't spring the news on them about this via just a media release, then neteller's recent statement that they are still in business for US customers has to have already taken their bankers' advisement under consideration. That of course doesn't mean neteller won't seek new banking arrangements in the future, or hasn't already, but it would seem to mean there is no reason for worry about neteller in the short run.

jimmytrick

10-12-2006, 10:25 AM

Well, ironic, isn't it. False claims of money laundering, drug and terrorist links by the Bush administration were used to discredit the industry prior to the law being passed. Now, the law itself is driving sites away from reputable banks and closer to the netherworld of international finance where our money may indeed now mix with these elements. Congress is not so much in the business of passing laws as creating criminals out of decent people.

Todpullen

10-12-2006, 10:25 AM

Perhaps - this is a wild guess - as the RBS and Barclays are UK based (originally anyway) a fair few of their executives are British. Therefore with the one-way extradition arrangements whereby the US can just ask for any British citizen to be extradited (no evidence required) and they will be extradited, I am guessing the banks are a bit nervous.

sapsuckah

10-12-2006, 10:40 AM

Just to confirm the speculation earlier in this thread. I used the "Wayback Machine" (http://www.archive.org) to look up an older version of the PokerStars site. The most recent one they have listed was from 2005. At the time, the FAQ entry in question read:

"PokerStars is proud to announce that, under new banking arrangements, an amount covering Players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by the Royal Bank of Scotland plc, one of Europe's leading financial services groups. The arrangements ensure that PokerStars can at all times fulfill its obligations towards Players, and will provide further reassurance that Players' funds are always secure with PokerStars."

So this is pretty telling.

otctrader

10-12-2006, 10:43 AM

Nice catch; I wonder how much mula RBS is losing out on now that they lost the Stars account

Shank

10-12-2006, 10:55 AM

This really shouldn't surprise anyone. No bank with US assets is going to risk prosecution over this issue.

Go back 7 or 8 years and the first tier banks weren't touching the business anyway. Back when most online casinos were run by one man and his dog out of Antigua, the only banks involved were the small island ones -- the big banks only got involved once they saw that the money was decent and the risks were exaggerated.

So now we've come full circle. Expect to see your checks coming to you in future from the Bank of Nevis or some other small bank with no US presence. Or expect to see Stars convert the currency they pay cashouts to into Euros /images/graemlins/smile.gif

mattchuk

10-12-2006, 11:40 AM

[ QUOTE ]
Nice catch; I wonder how much mula RBS is losing out on now that they lost the Stars account

[/ QUOTE ]

well, actually they haven't. i just contacted pokerstars support and got this reply:

[ QUOTE ]

PokerStars is still a customer of Royal Bank of Scotland, and uses them as
a payments processor. We keep all of our customers' account balances
segregated from our operational expenses using RBS accounts.

I think it is unlikely that the Royal Bank of Scotland would be willing to
give up such a good customer as PokerStars, however, any policy that RBS
chooses to put into place will not affect our decision to continue to
accept business from US players. At the moment we do not forsee any reason
for us to switch banks. RBS will not be used to process transactions from
US players in any case.

[/ QUOTE ]

whangarei

10-12-2006, 11:54 AM

[ QUOTE ]
Not exactly good news.

This whole issue is a rollercoaster. We get good news followed by bad news followed by good news. Then it all starts over again. Party pulls out, Full Tilt says we are here forever, Firepay surrenders, Neteller says were staying for now, Crypto caves and runs away, Poker Stars stays, Nolan Dalla resigns, Daniel Negreanu says the Republicans can stick it where the sun don't shine, and the whole cycle continues. I wish it was this time next year when we will really have a grasp of what has happened, this rollercoaster of good news and bad news is too much to take at times..

[/ QUOTE ]

whangarei

10-12-2006, 12:01 PM

[ QUOTE ]
[ QUOTE ]
Nice catch; I wonder how much mula RBS is losing out on now that they lost the Stars account

[/ QUOTE ]

well, actually they haven't. i just contacted pokerstars support and got this reply:

[ QUOTE ]

PokerStars is still a customer of Royal Bank of Scotland, and uses them as
a payments processor. We keep all of our customers' account balances
segregated from our operational expenses using RBS accounts.

I think it is unlikely that the Royal Bank of Scotland would be willing to
give up such a good customer as PokerStars, however, any policy that RBS
chooses to put into place will not affect our decision to continue to
accept business from US players. At the moment we do not forsee any reason
for us to switch banks. RBS will not be used to process transactions from
US players in any case.

[/ QUOTE ]

[/ QUOTE ]

Don't put too much faith in this CS response. I have noticed that Stars support, though usually awesome, is not quite as up to date on UIGEA developments as we are, oddly enough.

TwoNiner

10-12-2006, 12:01 PM

Would like to know if this quote from Neteller came out after the announcement that was posted in which they stated they were staying.

Nate tha\\\' Great

10-12-2006, 12:44 PM

I think this is a little troubling, but I'd be surprised if anyone reverses course as a result. Also, the on-point response from PokerStars customer service is pretty reassuring. What you are likely to see happen though is things move further away from anything having to do with the UK and to further privatize. For example, there is already some speculation that Neteller will be purchased by private interests and I think this becomes more likely after the banking announcement today.

JoseGonzlez

10-12-2006, 01:02 PM

if you read the news section on stars today it says funds are segragated in a "major European bank". I think before it said they were segragated at the Royal Bank of Scotland. So maybe they changed banks or are in the process of doing so?

Nate tha\\\' Great

10-12-2006, 01:04 PM

[ QUOTE ]
if you read the news section on stars today it says funds are segragated in a "major European bank". I think before it said they were segragated at the Royal Bank of Scotland. So maybe they changed banks or are in the process of doing so?

[/ QUOTE ]

Sure sounds like it. What's clear is that Stars talked to everyone and their brother before making a decision, so I doubt that this news caught them unprepared.

Harkey

10-12-2006, 01:09 PM

[ QUOTE ]

I wish it was this time next year when we will really have a grasp of what has happened, this rollercoaster of good news and bad news is too much to take at times..

[/ QUOTE ]

By this time next year, there will be plans in the works to legalize online poker in the United States. It won't finalize by this time next year, or probably before the 2008 elections, but this bill is just another step of a plan that was set in motion long ago.

Todd

10-12-2006, 01:11 PM

Or maybe they are staying with RBS, but just not advertising the fact. After all, RBS is a "major European bank".

T

homeslice

10-12-2006, 01:15 PM

ZBT, according to your insiders what bank will Stars be using now?

ZBTHorton

10-12-2006, 01:32 PM

[ QUOTE ]
ZBT, according to your insiders what bank will Stars be using now?

[/ QUOTE ]

So you make a thread calling me out as a prick, then want me to help you find information? Got it.

I'll ask around.

homeslice

10-12-2006, 01:36 PM

[ QUOTE ]
[ QUOTE ]
ZBT, according to your insiders what bank will Stars be using now?

[/ QUOTE ]

So you make a thread calling me out as a prick, then want me to help you find information? Got it.

I'll ask around.

[/ QUOTE ]

Well you're the authority on this, aren't you? Hurry up! Chop Chop!

vinyard

10-12-2006, 01:41 PM

[ QUOTE ]
Sure sounds like it. What's clear is that Stars talked to everyone and their brother before making a decision, so I doubt that this news caught them unprepared.

[/ QUOTE ] Honestly, I am not sure it sounds like it at all. From what has been leaked deposits to Neteller are just transfers to unique player accounts in Neteller's bank which has already been mentioned as RBS. If they cease stating the name of the bank it makes finding the needle in a haysstack a lot more complex when the regulations come around, That being said, if I were them I would be looking at getting a bank with no major ownership/partnerships with American banks.

ZBTHorton

10-12-2006, 01:54 PM

Just so you guys know, the RBS/Barclays announcement did not come as a surprise to Stars. I don't know if they are using a new bank, or who that bank might be, nor am I going to ask because I don't think it's particularly important.

- ZBT

homeslice

10-12-2006, 02:04 PM

[ QUOTE ]
Just so you guys know, the RBS/Barclays announcement did not come as a surprise to Stars. I don't know if they are using a new bank, or who that bank might be, nor am I going to ask because I don't think it's particularly important.

- ZBT

[/ QUOTE ]

How the hell is that not important???

ZBTHorton

10-12-2006, 02:08 PM

[ QUOTE ]
[ QUOTE ]
Just so you guys know, the RBS/Barclays announcement did not come as a surprise to Stars. I don't know if they are using a new bank, or who that bank might be, nor am I going to ask because I don't think it's particularly important.

- ZBT

[/ QUOTE ]

How the hell is that not important???

[/ QUOTE ]

Your the least appreciative person I've ever met.

homeslice

10-12-2006, 02:08 PM

As of now, I'm assuming that the most important aspect of Stars remaining open to US citizens, would be RBS interpretion of Stars. Is Stars a gambling site or is stars a site that hosts games of skills?

ZBTHorton

10-12-2006, 02:10 PM

[ QUOTE ]
As of now, I'm assuming that the most important aspect of Stars remaining open to US citizens, would be RBS interpretion of Stars. Is Stars a gambling site or is stars a site that hosts games of skills?

[/ QUOTE ]

It doesn't really matter. Stars knew it was coming, so I'm sure either:

A) It will continue as before
or
B) They have already found another bank.

Nate tha\\\' Great

10-12-2006, 02:12 PM

[ QUOTE ]
[ QUOTE ]
As of now, I'm assuming that the most important aspect of Stars remaining open to US citizens, would be RBS interpretion of Stars. Is Stars a gambling site or is stars a site that hosts games of skills?

[/ QUOTE ]

It doesn't really matter. Stars knew it was coming, so I'm sure either:

A) It will continue as before
or
B) They have already found another bank.

[/ QUOTE ]

Thanks, ZBT. I think we have nothing to worry about re: Stars. Neither Stars nor NETELLER made their decisions willy-nilly.

JuntMonkey

10-12-2006, 02:13 PM

Thanks ZBT. Any idea about Neteller?

ZBTHorton

10-12-2006, 02:15 PM

[ QUOTE ]
Thanks ZBT. Any idea about Neteller?

[/ QUOTE ]

I posted earlier this week that it was my expection that "Neteller was here to stay".

I haven't heard otherwise from any side of the fight.

homeslice

10-12-2006, 02:26 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Just so you guys know, the RBS/Barclays announcement did not come as a surprise to Stars. I don't know if they are using a new bank, or who that bank might be, nor am I going to ask because I don't think it's particularly important.

- ZBT

[/ QUOTE ]

How the hell is that not important???

[/ QUOTE ]

Your the least appreciative person I've ever met.

[/ QUOTE ]

You've been tooting your horn all week bragging about the access you have to Stars insiders, and that's fine, the info you've given has been accurate. But when RBS, the company that insures all of our deposits, states that "there not doing business with companies that take online bets", and you respond with "it's not important" well that's just silly!

If Stars knew of RBS intentions as of yesterday, I don't see why they could have waited until today to make their announcement. Now I think we're back to square one, whereby we don't know if US citizen's abilty to play there will be unaffected or not.

Stars' needs to come out with another statement reaffriming their statement from yesterday, or they need to indicate what bank they'll be replacing RBS with. And they need to do it today.

ZBT, since you have access to these insiders, you ought to press them here.

BluffTHIS!

10-12-2006, 02:32 PM

homeslice,

The reason it doesn't matter is the same reason that bad or good news that was known in advance doesn't matter to the stock market on most occasions, i.e. because it was already known and thus already factored in. But if you want to run scared, then withdraw all your money from stars and neteller and stick it under your mattress.

cnfuzzd

10-12-2006, 02:34 PM

zbt, thanks for your efforts.

Fwiw, what are the chances that this is pure smokescreen on the part of the banks to limit their exposure. Bank says "dont do anything illegal", site says "okay" and everything continues uninterrupted. Assuming the united states govt was interested in doing so, what would their methods be for looking into the records of either of these banks. It seems a remote possibility at best.

Just some non-sensical rambling.

pjn

Sniper

10-12-2006, 02:41 PM

fwiw, just like some poker sites made statements and decisions quickly, you should expect some banks to also do so... and just like players can switch poker sites, poker sites can switch banks! /images/graemlins/smile.gif

homeslice

10-12-2006, 02:47 PM

[ QUOTE ]
homeslice,

The reason it doesn't matter is the same reason that bad or good news that was known in advance doesn't matter to the stock market on most occasions, i.e. because it was already known and thus already factored in. But if you want to run scared, then withdraw all your money from stars and neteller and stick it under your mattress.

[/ QUOTE ]

BluffThis, so you mean to tell me that you knew that RBS was coming out with a statement like this today? That's quite an amazing gift you have!

I have money there and have no intention of withdrawing it, and in fact I was going to deposit more tonight. But I really want to know what the near future holds for us. RBS' statement clouded this.

mayday4379

10-12-2006, 02:50 PM

[ QUOTE ]
[ QUOTE ]
homeslice,

The reason it doesn't matter is the same reason that bad or good news that was known in advance doesn't matter to the stock market on most occasions, i.e. because it was already known and thus already factored in. But if you want to run scared, then withdraw all your money from stars and neteller and stick it under your mattress.

[/ QUOTE ]

BluffThis, so you mean to tell me that you knew that RBS was coming out with a statement like this today? That's quite an amazing gift you have!

I have money there and have no intention of withdrawing it, and in fact I was going to deposit more tonight. But I really want to know what the near future holds for us. RBS' statement clouded this.

[/ QUOTE ]

Why do you care what bank holds the segrated accounts? It holds absolutely no water. Send me $10K and I'll hold it in a segrated account, it doesn't mean I can't touch it. Does that make you feel better?

antistuff

10-12-2006, 02:52 PM

homeslice

10-12-2006, 02:52 PM

[ QUOTE ]
fwiw, just like some poker sites made statements and decisions quickly, you should expect some banks to also do so... and just like players can switch poker sites, poker sites can switch banks! /images/graemlins/smile.gif

[/ QUOTE ]

That is true, but I just don't think poker sites, w/ tens of thousands of clients that possess tens of millions in dollars can do this very quickly.

LeeLoo

10-12-2006, 02:53 PM

[ QUOTE ]
[ QUOTE ]
homeslice,

The reason it doesn't matter is the same reason that bad or good news that was known in advance doesn't matter to the stock market on most occasions, i.e. because it was already known and thus already factored in. But if you want to run scared, then withdraw all your money from stars and neteller and stick it under your mattress.

[/ QUOTE ]

BluffThis, so you mean to tell me that you knew that RBS was coming out with a statement like this today? That's quite an amazing gift you have!

I have money there and have no intention of withdrawing it, and in fact I was going to deposit more tonight. But I really want to know what the near future holds for us. RBS' statement clouded this.

[/ QUOTE ]

If you don't like the info you recieve here or put no credence in it and can only whine and complain then try picking up a phone and do it your self. It appears that is the only way you can crawl out from under your bed.

LeeLoo

10-12-2006, 02:55 PM

Sniper

10-12-2006, 02:57 PM

Nate tha\\\' Great

10-12-2006, 02:59 PM

[ QUOTE ]
[ QUOTE ]
fwiw, just like some poker sites made statements and decisions quickly, you should expect some banks to also do so... and just like players can switch poker sites, poker sites can switch banks! /images/graemlins/smile.gif

[/ QUOTE ]

That is true, but I just don't think poker sites, w/ tens of thousands of clients that possess tens of millions in dollars can do this very quickly.

[/ QUOTE ]

Nor are the banks likely to go "ZOMG! Your account is frozen PokerStars!!!!" If you have an account worth several hundred million dollars and decide you're no longer going to keep it, you're going to give that client reasonable time to make other arrangements.

PokerStars has said specifically that they're now holding US accountholders balances in another bank, and we've also learned through sources that they were not surprised by this news from RBS. What more do you want? I would worry more about companies like Bodog that took a "What, me worry?" attitude than a well-run company like PokerStars that took a full ten days to do its due diligence before making its decision.

LeeLoo

10-12-2006, 03:01 PM

homeslice

10-12-2006, 03:09 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
fwiw, just like some poker sites made statements and decisions quickly, you should expect some banks to also do so... and just like players can switch poker sites, poker sites can switch banks! /images/graemlins/smile.gif

[/ QUOTE ]

That is true, but I just don't think poker sites, w/ tens of thousands of clients that possess tens of millions in dollars can do this very quickly.

[/ QUOTE ]

Nor are the banks likely to go "ZOMG! Your account is frozen PokerStars!!!!" If you have an account worth several hundred million dollars and decide you're no longer going to keep it, you're going to give that client reasonable time to make other arrangements.

PokerStars has said specifically that they're now holding US accountholders balances in another bank, and we've also learned through sources that they were not surprised by this news from RBS. What more do you want? I would worry more about companies like Bodog that took a "What, me worry?" attitude than a well-run company like PokerStars that took a full ten days to do its due diligence before making its decision.

[/ QUOTE ]

Nate, where did Stars' state that there holding US account holders in another bank? If you could provide a link that would be great! Thanks

homeslice

10-12-2006, 03:13 PM

[ QUOTE ]

If you don't like the info you recieve here or put no credence in it and can only whine and complain then try picking up a phone and do it your self. It appears that is the only way you can crawl out from under your bed.

[/ QUOTE ]

I wasn't complaining, I'm just a concerned customer, who has a good chunk of change there. That's all!

SwordFish

10-12-2006, 04:40 PM

[ QUOTE ]
Don't put too much faith in this CS response. I have noticed that Stars support, though usually awesome, is not quite as up to date on UIGEA developments as we are, oddly enough.

[/ QUOTE ]

whangarei-

It appears that Stars CS reps have been and are currently following the company line when they give responses. While they haven't given much info lately, they have not been giving false information.

As opposed to Party CS reps who just pull information out of their a**, or ignore your question and tell you about the Monster.

SF

CutCreator

10-12-2006, 04:47 PM

homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

homeslice

10-12-2006, 04:57 PM

[ QUOTE ]
homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

[/ QUOTE ]

I ain't a hater! I hope ZBT is right when it comes to RBS not handling accounts at gambling site. I want to continue to play at Stars, I just would like Stars to reaffirm their statement from yesterday, or for Nate to supply be the link where they stated that there changing banks. That's all!

ZBTHorton

10-12-2006, 04:59 PM

[ QUOTE ]
[ QUOTE ]
homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

[/ QUOTE ]

I ain't a hater! I hope ZBT is right when it comes to RBS not handling accounts at gambling site. I want to continue to play at Stars, I just would like Stars to reaffirm their statement from yesterday, or for Nate to supply be the link where they stated that there changing banks. That's all!

[/ QUOTE ]

You just want to act like an idiot call people names, show them no respect...and then bitch when they don't do what you want..That's all!

homeslice

10-12-2006, 05:03 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

[/ QUOTE ]

I ain't a hater! I hope ZBT is right when it comes to RBS not handling accounts at gambling site. I want to continue to play at Stars, I just would like Stars to reaffirm their statement from yesterday, or for Nate to supply be the link where they stated that there changing banks. That's all!

[/ QUOTE ]

You just want to act like an idiot call people names, show them no respect...and then bitch when they don't do what you want..That's all!

[/ QUOTE ]

When you tell everyone to "suck my dick", well then I don't have a problem calling you out!!!

Sniper

10-12-2006, 05:07 PM

homeslice... give it a rest...

homeslice

10-12-2006, 05:10 PM

[ QUOTE ]
homeslice... give it a rest...

[/ QUOTE ]

I was but he brought it up again. I said my peace. I'll drop it now!

ZBTHorton

10-12-2006, 05:11 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

[/ QUOTE ]

I ain't a hater! I hope ZBT is right when it comes to RBS not handling accounts at gambling site. I want to continue to play at Stars, I just would like Stars to reaffirm their statement from yesterday, or for Nate to supply be the link where they stated that there changing banks. That's all!

[/ QUOTE ]

You just want to act like an idiot call people names, show them no respect...and then bitch when they don't do what you want..That's all!

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When you tell everyone to "suck my dick", well then I don't have a problem calling you out!!!

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Sure. If your like 12 years old and we're on the playground. I was exaggerating, and obviously not serious. Welcome to grown up world. Thanks.

JoseGonzlez

10-12-2006, 05:51 PM

i dont know if stars says they were changing banks.
if you read the news on their homepage it says accounts are segragated at a "major European bank". Yesterday it said they were segragated at RBS. It could just be keeping the relationship lower profile, or stars changed banks etc. I doubt its a huge huge issue. There are banks that can handle any operations like this that dont have business interests in US.

DrewOnTilt

10-12-2006, 05:53 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
homeslice is a hater. not only was ZBTHorton NOT bragging, he was RIGHT! LOL!

[/ QUOTE ]

I ain't a hater! I hope ZBT is right when it comes to RBS not handling accounts at gambling site. I want to continue to play at Stars, I just would like Stars to reaffirm their statement from yesterday, or for Nate to supply be the link where they stated that there changing banks. That's all!

[/ QUOTE ]

You just want to act like an idiot call people names, show them no respect...and then bitch when they don't do what you want..That's all!

[/ QUOTE ]

When you tell everyone to "suck my dick", well then I don't have a problem calling you out!!!

[/ QUOTE ]

Sure. If your like 12 years old and we're on the playground. I was exaggerating, and obviously not serious. Welcome to grown up world. Thanks.

[/ QUOTE ]

ZBT - thanks for the updates. /images/graemlins/grin.gif

Both of you take a time out and go stick your noses in the corner before this potentially-informative thread either gets locked or hijacked into a useless oblivion.

soah

10-12-2006, 06:01 PM

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*** You are ignoring this user ***

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Steve Brecher

10-12-2006, 06:05 PM

[ QUOTE ]
While stars would have clearly been affected under a definition of accepting a bet or wager, neteller shouldn't be.

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It's not clear to me.

<font class="small">Code:</font><hr /><pre>`` 5362. Definitions
``In this subchapter:
``(1) BET OR WAGER.--The term `bet or wager'--
``(A) means the staking or risking by any person of
something of value upon the outcome of a contest of others,
a sporting event, or a game subject to chance, upon an
agreement or understanding that the person or another
person will receive something of value in the event of
a certain outcome;
...
`` 5363. Prohibition on acceptance of any financial
instrument for unlawful Internet gambling
``No person engaged in the business of betting or wagering
may knowingly accept, in connection with the participation of
another person in unlawful Internet gambling-- [funds]</pre><hr />
In other words, no person in the business of staking or risking something of value on a game subject to chance may accept...

I don't see how a poker-only site would be in the business of of betting or wagering, unlike a sports book or casino site.

Buconero

10-12-2006, 11:29 PM

Hopefully the EU will start getting involved to stop the US Government interfering in non-US businesses:

http://business.guardian.co.uk/story/0,,1921170,00.html

Greg Miller

10-13-2006, 02:49 AM

[ QUOTE ]
Nate, where did Stars' state that there holding US account holders in another bank? If you could provide a link that would be great! Thanks

[/ QUOTE ]

Go back and look for the statement from Stars CS earlier in this thread. They said they're still an RBS customer, but that they won't be processing U.S. transactions through RBS. It read like a form letter, so you might be able to email Stars about the banking issue and get the same email sent to you.