The Gibraltar Conspiracy
 

On Oct 2nd, the London Times broke the story that
888.com and PartyGaming would likely be pulling out of
the US market according to their "industry source".

Gambling911 also reports that PartyGaming would follow
888.com and pokerstars would also likely follow...

All 3 of these companies are in Gibraltor.

Reps from Gibraltor must have put the pressure on these
companies to pull-out...It is far too coincidental.

I believe pokerstars realizes what is going on, and
may possibly consider relocation.

Also as a side note, Pacific Poker is owned by
the same company that owns 888.com..The company
is called Cassava Ent. and of course they reside
in Gibraltor.

Re: The Gibraltar Conspiracy
 

I thought PS was Isle of Man
Nope from there site:

PokerStars is a registered legal business located in San José, Costa Rica. We abide by the laws and regulations where we do business.

Re: The Gibraltar Conspiracy
 

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Also as a side note, Pacific Poker is 888.com

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Re: The Gibraltar Conspiracy
 

I just dont get how you spelled Gibraltar correctly in the subject, however you spelled it incorrectly in the post?

Re: The Gibraltar Conspiracy
 

Good one, except PokerStars is headquartered on the Isle of Man and many of its operations are located in Costa Rica.

Re: The Gibraltar Conspiracy
 

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Good one, except PokerStars is headquartered on the Isle of Man and many of its operations are located in Costa Rica.

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Credit card transactions are processed through our E-Cash subsidiary, Rational Entertainment Enterprises Ltd, Douglas Bay Complex, King Edward Road, IM3 IDZ Onchan, Isle of Man and Openshore Trading Limited, 6 Loanni Stylianou St, 2nd floor, Nicosia, Cyprus

Nothing about Gibraltar

Re: The Gibraltar Conspiracy
 

Wikipedia lists them as Isle of Man like you said..

Its still odd though that Party,888 and Pacific
have all pulled out.

Re: The Gibraltar Conspiracy
 

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Wikipedia lists them as Isle of Man like you said..

Its still odd though that Party,888 and Pacific
have all pulled out.

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You got that Pacific is to 888 what Buick is to General Motors?

Re: The Gibraltar Conspiracy
 

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Wikipedia lists them as Isle of Man like you said..

Its still odd though that Party,888 and Pacific
have all pulled out.

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I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in.

As far as being located in Gibraltar, there are corporate disclosure and accounting benefits to that situs even though it is a UK country.

Re: The Gibraltar Conspiracy
 

Just on a side note, Mansion is also located in Gibraltar (which is why it was the first, and so far only, site I've cashed out of).

Re: The Gibraltar Conspiracy
 

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I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in.


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I understand the corporate angle...So actually they are
somewhat related...It still can make a difference
on where the corp. is located..For example, if they
were in the Bahamas, they'd be less likely to jump out
imo..

So out of all the companies that announced they are
pulling out...Which ones are private vs public AND
where are they located?

So far Ive only seen Crypto pull out (outside
of Gibraltar) and they are
in Canadian public company, which makes sense too.

Post deleted by Mat Sklansky
 

Re: The Gibraltar Conspiracy
 

Have party and pacific definately pulled out? I heard they may just stop taking US deposits, but still allow current players to play.

Re: The Gibraltar Conspiracy
 

Maybe it's the UK government laying pressure on the sites. Gibralter and the Isle of Man are both UK dependencies and of course Party and 888 are listed on the London Stock Exchange and Stars were thinking of listing on the LSE Maybe Bush has been telling Blair what to do again.

Re: The Gibraltar Conspiracy
 

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I think if you included a Japanese style bath house, huge cuban cigars and a lot of 'bwahahahahaha' laughing it would make it very interesting.

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At last someone saying the conspiracists were in the US Senate.

Re: The Gibraltar Conspiracy
 

[ QUOTE ]
On Oct 2nd, the London Times broke the story that
888.com and PartyGaming would likely be pulling out of
the US market according to their "industry source".

Gambling911 also reports that PartyGaming would follow
888.com and pokerstars would also likely follow...

All 3 of these companies are in Gibraltor.

Reps from Gibraltor must have put the pressure on these
companies to pull-out...It is far too coincidental.

I believe pokerstars realizes what is going on, and
may possibly consider relocation.

Also as a side note, Pacific Poker is owned by
the same company that owns 888.com..The company
is called Cassava Ent. and of course they reside
in Gibraltor.

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ARE YOU FRISTING HIGH?

Also on a side note, the people in Gibraltar believe that if the monkeys (Barbary Ape) leave Gibraltar then so will the British. That could be weaved into your theory as well.

I worked in Gib so I know.

Re: The Gibraltar Conspiracy
 

I just called Pacific Poker and they said that they aren't planning on suspending any players accounts. She said they are aware of the act but have no plans at this time to suspend accounts. At Party Poker, I am still playing, in fact I'm playing right now. Would it be safe to change my address to that of a European one so when my account does get suspended they won't try to send me a check? If I changed my account to a European address would I have a problem?

Re: The Gibraltar Conspiracy
 

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.

I think if you included a Japanese style bath house, huge cuban cigars and a lot of 'bwahahahahaha' laughing it would make it very interesting.

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No... No.. that's when Foley slipped it to Frist and this whole thing started moving....

Re: The Gibraltar Conspiracy
 

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Also on a side note, the people in Gibraltar believe that if the monkeys (Barbary Ape) leave Gibraltar then so will the British. That could be weaved into your theory as well.

I worked in Gib so I know.

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True, and they were declining in numbers so the British army shipped in a few more. You can't be too carefull!

Re: The Gibraltar Conspiracy
 

[ QUOTE ]
[ QUOTE ]
Also on a side note, the people in Gibraltar believe that if the monkeys (Barbary Ape) leave Gibraltar then so will the British. That could be weaved into your theory as well.

I worked in Gib so I know.

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True, and they were declining in numbers so the British army shipped in a few more. You can't be too carefull!

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So true.

We took a special cave tour and the guide told us a very interesting, and true, story. The rock of Gibraltar was caused by an earthquake. The Strait of Gibraltar is about 15 miles wide to the other side (Africa). The cave line runs directly north south and lines up with the other Pillar of Hercules in Africa.

That's background.

So the story goes like this. A monkey is said to have crossed through the cave network from Africa to Gibraltar and that is how the apes populated Gibraltar. Under the sea, through the total darkness fissures, fifteen miles of toil and trouble. And this is why these apes are so respected. Ask anyone in Gibraltar.

It is all true.

And this is why Party, 888, and everyone else conspired to exit the poker market at the same time.

Re: The Gibraltar Conspiracy
 

PokerStars is owned by a Costa Rican parent and presently operated out of the Isle of Man.

As for the others, Gibraltar is a tiny overseas territory of the United Kingdom. It is not calling the shots on much of anything, including this issue.

Re: The Gibraltar Conspiracy
 

I just read that George W... tell someone " Iraq, north Korea, Iran and GIBRALTAR " are extreme bad nations [img]/images/graemlins/grin.gif[/img]

Re: The Gibraltar Conspiracy
 

I think it's more that the execs don't want to risk getting arrested on their Florida holidays....

Re: The Gibraltar Conspiracy
 

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I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in.

As far as being located in Gibraltar, there are corporate disclosure and accounting benefits to that situs even though it is a UK country.

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There's another reason.

They regard the US market as lost unless the regulations change. They're aware that online gambling is regarded as borderline smutty in Europe, and want to portray themselves as squeaky clean in this market. The risks of continuing to operate in the US are manifold :

They might lose investors.

They might lose European customers, who don't want to indulge in anything that might be seen as illegal.

EU countries might follow suit with legislation if they don't show themselves to be transparently honest businesses.

Plus the directors don't want to get arrested next time they visit the US.....

Re: The Gibraltar Conspiracy
 

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They might lose investors.


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Did this make any1 else laugh? They just lost 70% of thier stock's value just on the news that they were shutting out the US, you think they might lose investors do ya?

Re: The Gibraltar Conspiracy