Party CEO predicts banks/ processors to leave US IG w/i 60 days

[gonebroke]

The CEO is right. Firepay and Neteller are bailing. A company that handles echecks is also bailing, their stock trades on the Nasdaq and took a 15% hit last week. I forgot the ticker symbol.

[dragonystic]

Why would Neteller pull out now? The bill has already been signed, and they didn't bail. So what is going to change for them in the next 30-60 days?

[oreopimp]

hasnt pstars already planned for this? I thought that was one of the reasons for them taking so long with their desicion...finding backups essentially. correct?

[247boss]

as the CEO of party he should be focused on party, they decided to leave the US, we dont need to hear him weeks later predicting the sites that have remained in the US's future......

the reality is they left and thats all they should be concerened with

this guy is a real POS.......poor shareholders

[Dunkman]

First, it should be obvious that Party's CEO doesn't know [censored] about US laws or how the govt. here works, judging by the way they handled fighting the legislation, and their immediate pullout. I mean, what do we expect him to say? "Uhh, since FTP and Stars can still operate in the US, and we can't, we're now a distant third, and it's getting worse by the day. We're pretty much [censored], and I don't know what to do aside from try to scare people to stop playing at those sites."

[gumpzilla]

[ QUOTE ]
While what he says may or may not come true, it is clear that he is using this issue as propaganda to prop up his stock and tell the investment community that it's not so bad that party is no longer #1. If stars/FT and others find alternate depositing methods assuming neteller isn't there for that, then neteller can still legally function for fast withdrawals as it does now as the law doesn't prevent them from providing that function.

[/ QUOTE ]

If this is the case, then why is Firepay doing this?

[ QUOTE ]

Ten days after President Bush signs the Act, FirePay will decline any transfer attempt made by any online gambling merchant to a US FirePay account

[/ QUOTE ]

Why are people so confident Neteller will continue to accept withdrawals? Can somebody point me to analysis that wasn't done by a random 2+2er that suggests that the law doesn't affect withdrawals at all, or that the banks aren't likely to put in regulations that affect withdrawals just to be safe, regardless of what the law says?

[fatshaft]

[ QUOTE ]
hasnt pstars already planned for this? I thought that was one of the reasons for them taking so long with their desicion...finding backups essentially. correct?

[/ QUOTE ]finding a new bank was the reason I believe after RBS decided they wouldnt back any decision to accept US money

[aces_full]

Anyone else notice that since the new law went into effect that Party no longer displays how many players are online? They also pulled thier live player count from the partypoker.com website. Guess they don't want us to see that their traffic dropped from 80K to 20K players during peak times.

[Ace upmy Slv]

I did notice that the other day as I spent almost all of my Party Points on crap points store items. I thought it was pretty funny too, not to display the amount of players. They used to emphasize it, LOL.

Anyone giving odds on whether I get all the stuff sent to me that I spent my Party Points on? Especially the magazines......

[adios]

So what am I supposed to do? Quit playing immediately or something.