The heart of the matter: extradition

[xxThe_Lebowskixx]

If they were so worried about breaking US law, I dont think they would have entered this business. The fact that some of you actually think a CEO thinks along the lines of "I would rather give up 650 million bucks to avoid being extradited, which would be impossible under the current UK laws"...is sort of laughable.

[Kneel B4 Zod]

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Stars' corporate parent is based in Costa Rica, but its operations are presently based in Isle of Man (though they were once in Costa Rica). That's my understanding, at least.

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they have operations in a variety of places, including London. until recently they had some management working out of the US. various CS people work in the US, as contractors.

[The DaveR]

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If they were so worried about breaking US law, I dont think they would have entered this business. The fact that some of you actually think a CEO thinks along the lines of "I would rather give up 650 million bucks to avoid being extradited, which would be impossible under the current UK laws"...is sort of laughable.

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Dude, it's perfectly reasonable. Having to point that out is laughable.

[hypopg]

I think Nate is half right. I think the execs of publicly traded companies have much higher profiles than those of private companies. For starters US authorities may not even know who the benficial owners of private companies are. No,
execs and directors of these companies are not afraid of extradition per se but rather of the inability of travelling or returning to the US. This is a tremendous handicap if you are a high powered exec. Fear of prosecution, sealed indictments in Louisiana for example are causing great anxiety for these guys. Besides the world is a big place and downstream they can make up much of the US hit. I think alot of US players will find ways around this law and plenty of operators, some dubious, will be willing to take the risk.

The Republicans Party is looking for a few good boys.

[Nate tha\\\' Great]

I think Reuters is stealing from 2+2!

http://in.today.reuters.com/news/newsArt...;archived=False

LONDON (Reuters) - British Internet gambling companies are looking at possible loopholes in a new U.S. law designed to stop online gaming, but executives risk extradition if they try to exploit them.

Lawyers and analysts said on Friday that only criminal operators in offshore jurisdictions such as Costa Rica could afford to take the risk, while listed firms such as 888 and PartyGaming would do better to focus on Asia and Europe for growth."...