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Nate - there have been a lot of news reports here in IK about this. You were correct in the directors simply fear ending up in American jails.

They have got some very poor legal advises that have potentially bust their company (certainly Party will no longer be the top dog - even if all this comes to nothing).

If I was their legal advisor I would tell them to issue a statment saying US financial laws do not apply to them and I would tell their directors not to visit US!

It is unreal that the directors would cripple their company voluntarily without a fight. It doesnt make sense for them to say "well we have a good presence in the rest of the world anyway" - 70% or more of their customers were from US and with the US casual player gone the customers from the rest of the world will be also.

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I can't believe Party rolled over so easily either. I don't play at Party very much nor do I own any stock of the parent company. With that said it seems like an incredibly dumb move from a business standpoint. If I was a shareholder I'd be outraged.

Edit: I also think that the execs at Party are relatively inexprerienced with running a high growth, high revenue business. Not sure about that as I don't know anything about previous management experience.