Party CEO predicts banks/ processors to leave US IG w/i 60 days - Page 3

Gomez · #21 10-20-2006, 02:12 PM

When CEO's speak I don't listen.

Unless they are giving bad news. I have lost considerable money listening to CEO's of a sinking ship say everything looks great.

4_2_it · #22 10-20-2006, 02:22 PM

So the CEO of Party is predicting that he expects some future events will validate Party's decision to abandon the US? What else would anyone expect him to say? He has to placate his shareholders.

I'm not saying he is wrong. I have no idea or opinion on that matter.

However, I would not consider him to be a spokesman for Neteller, Pokerstars, Full Tilt or anyone else who is still doing business in the US.

NoMeansYes_ · #23 10-20-2006, 02:24 PM

Think about it. The US Government is about to come down hard on sites taking US bets while Party has quickly cut out Americans and started focusing on attracting new players from europe/asia. If you think of this long term, I think this could potentially make Party bigger then it ever has before.

addictontilt · #24 10-20-2006, 02:50 PM

CEO's first rule of thumb...protect stock price...whatever it takes, that is the ONLY interest they have

breaktwister · #25 10-20-2006, 02:56 PM

[ QUOTE ]
CEO's first rule of thumb...protect stock price...whatever it takes, that is the ONLY interest they have

[/ QUOTE ]

LOL - yes Party's CEO did a great job protecting their stock price.

Everyone seems to agree that the only reason Party pulled out so quickly was because they are publicly traded and to not adhere to US laws may have contridicted some of the Stock Exhange rules (or something like this).

Its strange given that the new bill doesnt actually change the legallity of online poker - if wasn't illegal before it isnt now etc etc etc.

Party could easily have took this stance with the Stock Exchange or whoever else's "rules" they were worried about as a public company. Way to protect stock price CEO!

HSB · #26 10-20-2006, 03:18 PM

[ QUOTE ]
Think about it. The US Government is about to come down hard on sites taking US bets while Party has quickly cut out Americans and started focusing on attracting new players from europe/asia. If you think of this long term, I think this could potentially make Party bigger then it ever has before.

[/ QUOTE ]

You realize it's entirely possible that there is a new administration in place before there is anything to enforce?

It's about nine months before we see the regulations. Depending on how invasive they are, it could take years to implement.

HIPAA was signed in 1996. I was personally working on implementing it in 2002 and it wasn't done when I left.

Now the Wanker Bill is unlikely to be that invasive but if they are actually going to try to make the banks examine every ACH transaction and every paper check then it will be pretty damn invasive and take a long, long time to implement by which time we'll likely have a completely new administration and unless the numbers change it won't be one that panders to the religious right.

gonebroke · #27 10-20-2006, 03:22 PM

[ QUOTE ]
[ QUOTE ]
CEO's first rule of thumb...protect stock price...whatever it takes, that is the ONLY interest they have

[/ QUOTE ]

LOL - yes Party's CEO did a great job protecting their stock price.

Everyone seems to agree that the only reason Party pulled out so quickly was because they are publicly traded and to not adhere to US laws may have contridicted some of the Stock Exhange rules (or something like this).

Its strange given that the new bill doesnt actually change the legallity of online poker - if wasn't illegal before it isnt now etc etc etc.

Party could easily have took this stance with the Stock Exchange or whoever else's "rules" they were worried about as a public company. Way to protect stock price CEO!

[/ QUOTE ]

You are a moron. You are thinking with your heart and emotion instead of your brain (if you have one). What company would leave the lucrative American market if they did not have to? FTP and PS are feeding you lies to keep you in the game. You as a player will not get in trouble playing their, but what happens when the feds and DOJ go knocking on their doors? It will be interesting to see what happens.

HSB · #28 10-20-2006, 03:26 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
CEO's first rule of thumb...protect stock price...whatever it takes, that is the ONLY interest they have

[/ QUOTE ]

LOL - yes Party's CEO did a great job protecting their stock price.

Everyone seems to agree that the only reason Party pulled out so quickly was because they are publicly traded and to not adhere to US laws may have contridicted some of the Stock Exhange rules (or something like this).

Its strange given that the new bill doesnt actually change the legallity of online poker - if wasn't illegal before it isnt now etc etc etc.

Party could easily have took this stance with the Stock Exchange or whoever else's "rules" they were worried about as a public company. Way to protect stock price CEO!

[/ QUOTE ]

You are a moron. You are thinking with your heart and emotion instead of your brain (if you have one). What company would leave the lucrative American market if they did not have to? FTP and PS are feeding you lies to keep you in the game. You as a player will not get in trouble playing their, but what happens when the feds and DOJ go knocking on their doors? It will be interesting to see what happens.

[/ QUOTE ]

What makes you think the feds are actually going to go knocking at their doors? This bill was all about political posturing and not about actually getting something done.

Synergistic Explosions · #29 10-20-2006, 03:33 PM

[ QUOTE ]
, but what happens when the feds and DOJ go knocking on their doors? It will be interesting to see what happens.

[/ QUOTE ]

I'm guessing the Isle of Mannians attack them with pitch forks and drive them off the island.

NapoleonDolemite · #30 10-20-2006, 03:37 PM

[ QUOTE ]
Think about it. The US Government is about to come down hard on sites taking US bets while Party has quickly cut out Americans and started focusing on attracting new players from europe/asia. If you think of this long term, I think this could potentially make Party bigger then it ever has before.

[/ QUOTE ]

No. Losing U.S. players will never be a benefit to Party. They lost almost 80% of their business. Party's stock might go up again one day, but as far as being the top poker site in the world? Those days are over until they come back to the U.S.