DrewOnTilt
10-13-2006, 07:00 PM
Linky to Financial Times article:
http://www.ft.com/cms/s/e70687c4-5aca-11db-8f80-0000779e2340.html
FT articles usually are taken down from view by non-subscribers
after 1 day or so. Some excerpts:
[ QUOTE ]
It appeared by Friday’s conference finale that the entire listed sector had left the US, with Sportingbet finally following the lead of PartyGaming, 888 Holdings, Playtech and others in announcing it was quitting, rather than twisting , in the US.
But there were clear signs of private companies doing the opposite. PokerStars, which has been PartyGaming’s main US rival, took a pass on the legislation and said it would carry on trading there – much to the evident fury of Mitch Garber, PartyGaming’s chief executive.
“It’s very brave for private operators not to think they will be pursued,” he told the conference. “People are way overconfident about their ability to integrate the law.”
[/ QUOTE ]
[ QUOTE ]
Eduardo Agami, chief executive of Costa Rica-based sports book operator SPG Global, was put up to represent those “little guys” planning to stay at the table.
Claiming to represent a number of companies in the Costa Rica gaming industry, Mr Agami said that while he was aware of the legal risks in US, he had fought to get the company to where it was today “and I am not prepared to walk away from it just like that”.
Carrying on in the US, he continued, didn’t have to involve subterfuge or going underground, which is widely assumed to be the destiny of the US market.
[/ QUOTE ]
http://www.ft.com/cms/s/e70687c4-5aca-11db-8f80-0000779e2340.html
FT articles usually are taken down from view by non-subscribers
after 1 day or so. Some excerpts:
[ QUOTE ]
It appeared by Friday’s conference finale that the entire listed sector had left the US, with Sportingbet finally following the lead of PartyGaming, 888 Holdings, Playtech and others in announcing it was quitting, rather than twisting , in the US.
But there were clear signs of private companies doing the opposite. PokerStars, which has been PartyGaming’s main US rival, took a pass on the legislation and said it would carry on trading there – much to the evident fury of Mitch Garber, PartyGaming’s chief executive.
“It’s very brave for private operators not to think they will be pursued,” he told the conference. “People are way overconfident about their ability to integrate the law.”
[/ QUOTE ]
[ QUOTE ]
Eduardo Agami, chief executive of Costa Rica-based sports book operator SPG Global, was put up to represent those “little guys” planning to stay at the table.
Claiming to represent a number of companies in the Costa Rica gaming industry, Mr Agami said that while he was aware of the legal risks in US, he had fought to get the company to where it was today “and I am not prepared to walk away from it just like that”.
Carrying on in the US, he continued, didn’t have to involve subterfuge or going underground, which is widely assumed to be the destiny of the US market.
[/ QUOTE ]