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-   -   party is pulling out (http://archives1.twoplustwo.com/showthread.php?t=225957)

jimmysnow 10-02-2006 02:21 AM

party is pulling out
 
http://www.londonstockexchange.com/L...amp;source=RNS

ridonkulous 10-02-2006 02:21 AM

Re: party is pulling out
 
Mother [censored]

ncray 10-02-2006 02:26 AM

Re: party is pulling out
 
Holy [censored]. Didn't expect it to be this [censored] fast.

Jooka 10-02-2006 02:26 AM

Re: party is pulling out
 
Fu ck, not unexpected, but fu ck.

epiLog 10-02-2006 02:26 AM

Re: party is pulling out
 
[ QUOTE ]
Mother [censored]

[/ QUOTE ]

repulse 10-02-2006 02:26 AM

Re: party is pulling out
 
I would like to go on the record as being the first to express being disappointed about this decision.

pipedreamz 10-02-2006 02:27 AM

Re: party is pulling out
 
summama bitch! i just withdrew all my money. off to poker stars for the time being.

dibbs 10-02-2006 02:28 AM

Re: party is pulling out
 
well at least i dont have to wonder til tomorrow. vomit.

I love you alcohol.

ZBTHorton 10-02-2006 02:28 AM

Re: party is pulling out
 
I knew it was coming, and it still made me sad to read it.

Semtex 10-02-2006 02:28 AM

Re: party is pulling out
 
Any chance this is just posturing on their part? Kind of like telling people they have no intention of shutting down when they know they will.

breaktwister 10-02-2006 02:28 AM

Re: party is pulling out
 
cant believe they bottled it this quickly

"the Board respects the laws of the US government" - why da fuc should they? LOL - bunch of idiots Party - just shot themselves

Chrysiptera 10-02-2006 02:28 AM

Re: party is pulling out
 
Well.. That is just spiffy.

jimmytrick 10-02-2006 02:28 AM

Re: party is pulling out
 
Cashout.

aba20 10-02-2006 02:29 AM

Re: party is pulling out
 
Wow I am getting scared.

QuarterTon 10-02-2006 02:29 AM

Re: party is pulling out
 
i cant believe this is happening.

nhtool 10-02-2006 02:30 AM

Re: party is pulling out
 
they said they were pulling out but didn't give a timetable.

my impression from the tone is that it'd be immediate after the signage (i cashed out an hour or so ago in anticipation).

it's odd in an almost conspiratal way that they're rolling over so easily and did so little to fight it in the first place.

i really hope stars doesn't bail as easily.

Tofu_boy 10-02-2006 02:30 AM

Re: party is pulling out
 
this is suck

weewees 10-02-2006 02:31 AM

Re: party is pulling out
 
does this mean all my mining for the weak is a waste? DAMMIT!

blueodum 10-02-2006 02:32 AM

Re: party is pulling out
 
Wow.

WSEX couldn't be happier right now.

MYNAMEIZGREG 10-02-2006 02:32 AM

Re: party is pulling out
 
I don't want to be skeptical, but, OP, who are you?

HOWMANY 10-02-2006 02:32 AM

Re: party is pulling out
 
[ QUOTE ]
Wow I am getting scared.

[/ QUOTE ]

Tinfoil hat time.

DanJ. 10-02-2006 02:32 AM

Re: party is pulling out
 
wow, any idea how much of parties player population is American?

catalyst 10-02-2006 02:32 AM

Re: party is pulling out
 
Dikshit is a sissy

Tofu_boy 10-02-2006 02:33 AM

Re: party is pulling out
 
thank you very much for your shi t Party VIP
didn;t even try to fight for us

ZBTHorton 10-02-2006 02:33 AM

Re: party is pulling out
 
[ QUOTE ]
I don't want to be skeptical, but, OP, who are you?

[/ QUOTE ]

You don't need to be skeptical.

I had heard all day yesterday that it was happening from insider sources. This is completely true.

Nate tha\\\' Great 10-02-2006 02:33 AM

Re: party is pulling out
 
Note the language in the first paragraph.

"On 30 September 2006, the United States Congress passed The Safe Port Act. That measure also contained certain provisions known as the ‘Unlawful Internet Gambling Enforcement Act of 2006’ that will affect the processing of payments between US customers and online gaming companies, including PartyGaming, that are publicly traded and licensed and regulated in respected jurisdictions."

There's nothing in the new US law that applies to public companies any more than private ones, or companies in the UK any more than companies in Antigua. Nevertheless, I think this is reflective of some of the reasons why Party chose to suspend operations in the US. By extension, it would be more surprising to see some of the private offshore sites (UB, PokerStars, FullTilt et. al.) suspend operations to the US immediately.

ridonkulous 10-02-2006 02:33 AM

Re: party is pulling out
 
He got the info, direct from the london stock exchange press release, this is as legit as it gets.

Phil123 10-02-2006 02:33 AM

Re: party is pulling out
 
I really can't believe they've done this. I thought they would at least put up some sort of a fight.

Lawman007 10-02-2006 02:33 AM

Re: party is pulling out
 
"The Act is expected to be signed into law by President Bush within the next two weeks. If signed into law, it will immediately make unlawful the receipt by a gambling business of proceeds or monies in connection with unlawful internet gambling. The Act does not clarify the definition of unlawful gambling. However, as the first piece of Federal legislation dealing explicitly with internet gaming, it does make clear that the US government intends to stop the flow of funds from Americans to online gaming operators through criminal sanction. The Act also asserts that, under US law, a wager must be permitted under the laws both of the customer’s place of residence and that of the operator.

After taking extensive legal advice, the Board of PartyGaming Plc has concluded that the new legislation, if signed into law, will make it practically impossible to provide US residents with access to its real money poker and other real money gaming sites."

This is just the beginning. If they came to this conclusion, the other sites probably will, as well.

Nate tha\\\' Great 10-02-2006 02:34 AM

Re: party is pulling out
 
[ QUOTE ]
wow, any idea how much of parties player population is American?

[/ QUOTE ]

75-80%.

poisonxfree 10-02-2006 02:34 AM

Re: party is pulling out
 
[ QUOTE ]
does this mean all my mining for the weak is a waste? DAMMIT!

[/ QUOTE ]

My thoughts exactly when I heard about this.

Mike Jett 10-02-2006 02:34 AM

Re: party is pulling out
 
The end.

DWarrior 10-02-2006 02:35 AM

Re: party is pulling out
 
2 weeks dudes.

Do you think any of the bigger sites will try to [censored] over the US players and just flat out refuse cashouts?

metsandfinsfan 10-02-2006 02:36 AM

Re: party is pulling out
 
un [censored] in believable

kevin017 10-02-2006 02:36 AM

Re: party is pulling out
 
i'm watching it live on tv

party opened down 40%, 888 down 33%

party gets 75% of customers from the US, 888 gets 70%

LesJ 10-02-2006 02:36 AM

Re: party is pulling out
 
I just did a google news search and found a comparable article on Rueters.

Not good news at all

Les

Phil123 10-02-2006 02:37 AM

Re: party is pulling out
 
[ QUOTE ]
2 weeks dudes.

Do you think any of the bigger sites will try to [censored] over the US players and just flat out refuse cashouts?

[/ QUOTE ]No way, if they did that then none of their customers outside the US would trust them with their money.

Tofu_boy 10-02-2006 02:39 AM

Re: party is pulling out
 
I did cashout my $$$ from party 3days ago until yesterday I just got it.
before it oly took 2hrs back to my neteller.
stop play there and cash out your $$$ now before [censored] thing happen

srjunkacct 10-02-2006 02:40 AM

Re: party is pulling out
 
I know this has been discussed before, but does anybody else suspect that PartyPoker implemented the Monster in order to increase their rake, anticipating that this sort of thing would happen?

monkeyman 10-02-2006 02:40 AM

Re: party is pulling out
 
[ QUOTE ]
i'm watching it live on tv

party opened down 40%, 888 down 33%

party gets 75% of customers from the US, 888 gets 70%

[/ QUOTE ]

that is one cool tv you have. shows future broadcasting?


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