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Old 10-06-2006, 10:52 AM
olivert olivert is offline
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Join Date: Jan 2006
Posts: 1,070
Default Re: World Poker Tour Supports Bill!

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Regardless of whether WPTE supported the U.S. online gaming ban or not, the passage of the new law has accomplished what WPTE has wanted: WPTE's online gaming rivals, notably PartyGaming, just had 75% of its "air supply" "choked off" by the U.S. Congress.

The common tactic used by all Bill Gates-wannabes who want to achieve TOTAL GLOBAL DOMINATION in their respective industries is "choking off your opponents' air supply".


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Olivert, what you're missing here is that Party has done this to themselves. The only reasonable explaination for this would be their own long-term interests. Once Bush signs the bill, allowing US players won't be any more or less legal than it was 2 weeks ago. The void left by Party (and the revenues that go with it) will be filled in a very short time period. The real question for the US players is what the legistlation will do to Neteller/FirePay or their replacements. If depositing is relatively easy and games are offered the demand is still there.

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I expect the US Federal Reserve Banking system, after consultation with the Treasury Department and the Federal Trade Commission, to flag the likes of Neteller and Firepay as entities that faciliate transactions with offshore online gaming companies.

The new law will allow the Federal Reserve to block all outbound transactions between banks/stock brokerages in the U.S. and the likes of Neteller and Firepay once he Federal Reserve has flagged Neteller and Firepay for outbound transaction blocking.

Furthermore, Neteller and Firepay are public companies listed in the U.K. The U.K. government has been one of the strongest allies of the U.S. government in recent years. Neteller and Firepay executives, employees, and shareholders have to protect themselves from potential U.S. Federal prosecution.
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