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#31
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Clarification requested.
Is there any contradiction between the information in this thread and the other two threads (about the sale of Paradise non-poker business)? Is it possible that the November 13 date was a mistake (typo) intended to be October 13th? One reason they may allow one month of poker play is to get their hands on a chunk of our money before we withdraw (by collecting rake - many fish may go busto rather than withdraw) Can someone explain how the various pieces of information all fit together in a logical manner? |
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#32
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My dad just called me up in a panic about how he can't even log onto Paradise poker to even withdraw funds, let alone play there. He said he sat at a table to play and a message informed him that he was no longer allowed to play. Then he logged out and went back on and now can't even get access to the site. This is in Michigan.
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#33
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I think this is a very bad sign folks....If you recall, 60 minutes had a piece on internet gaming and they actually interviewed someone from Paradise Poker and they basically said they did not care what the laws in the U.S. were. With this 360 degree change, they are obviously stating that they now do care and will abide by U.S. law which means that they don't think it will be possible to avoid prosecution by the U.S. authorities if they continue to take U.S. clients.
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#34
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Oh this bites, I know which Attorney General I will not be voting for next time.
And to top it off the local casino closed it's B&M game. I guess I'll have to trek to New Orleans to play Harrahs if I want to get in a game. |
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#35
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[ QUOTE ]
I think this is a very bad sign folks....If you recall, 60 minutes had a piece on internet gaming and they actually interviewed someone from Paradise Poker and they basically said they did not care what the laws in the U.S. were. With this 360 degree change, they are obviously stating that they now do care and will abide by U.S. law which means that they don't think it will be possible to avoid prosecution by the U.S. authorities if they continue to take U.S. clients. [/ QUOTE ] All that you're really seeing is companies behaving rationally. Both the risks and rewards are substantial here, but the companies involved are by and large making sound judgmenets based on their corporate form, their geography, the percentage of business that they do in the US, and related factors. Corporate philosophy -- Sportingbet tending to be more maverick, or PokerStars tending to be more cautious -- goes out the window when the stkaes are this high. |
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#36
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[ QUOTE ]
http://forumserver.twoplustwo.com/showfl...=22#Post7493312 LOL Well I know your right about BoDOG! HAHAH "Party Poker will operate as much as possible in business-as-usual, "buyer beware" mode, perhaps taking some smaller steps like preventing US players from playing their casino games or closing off certain funding routes like IGMPay. PokerStars will be the most proactive site in pursuing legal strategies against the legislation, and will offer deposit and cashout options to US players in accordance with the opinion of their lawyers. 888.com will stop accepting US players and will do so relatively soon. Full Tilt will develop some funky new payment mechanism which might or might not be legal. Paradise Poker will differentiate based on the state of residence of the US player. Ultimate Bet will go bankrupt or become an acqusition target for a larger site. Bodog will do something incredibly brash and stupid, get the pants sued off of them, and ruin it for everyone else. " [/ QUOTE ] |
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#37
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I play at Paradise through my sportsbook.com account. I am unable to even log on. My address on file is in Idaho, but I live in Oregon so i have an Oregon IP address.
I called sportsbook.com, and they said that I would be able to play poker tomorrow. However the guy on the phone told me that they have been allowing people to gamble for seven years, that they are not a US company and this law does not affect them....Obviously, the information train has passed him by. |
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#38
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[ QUOTE ]
I think this is a very bad sign folks....If you recall, 60 minutes had a piece on internet gaming and they actually interviewed someone from Paradise Poker and they basically said they did not care what the laws in the U.S. were. With this 180 degree change, they are obviously stating that they now do care and will abide by U.S. law which means that they don't think it will be possible to avoid prosecution by the U.S. authorities if they continue to take U.S. clients. [/ QUOTE ] FYP and yes I know it is a nit thing, but now you know one of the many things that bug me. [img]/images/graemlins/smile.gif[/img] |
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#39
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[ QUOTE ]
[ QUOTE ] Starting today (10/12) Paradise Poker has blocked players that are in states that already have laws concerning online poker. Those states are: Utah Hawaii Michigan Indiana Oregon Nevada Washington Illinois Louisiana South Dakota Paradise is letting affected players cash out. Here is the announcement: http://www.paradisepoker.com/news/us_legislation.html [/ QUOTE ] Somewhat related question: Do these states all differentiate between types of online gambling, or is ALL online gambling illegal in these 10 states? Just curious as to whether the fantasy football (f/f) will be affected by this law in these states. I know f/f got an exemption in the SAFE Ports bill, but if an individual state says "No online gambling...period" who wins? I'm hoping the f/f gets banned too, since that would cause all kinds of hell to break out here. [img]/images/graemlins/grin.gif[/img] [/ QUOTE ] I have read that Michigan, Indiana, Oregon, Nevada, Washington, Illinois, Louisiana, and South Dakota have laws that specifically prohibit internet gambling. I don't have copies of their laws, but given poker sites' reactions, I assume it is true. It is my understanding that Utah and Hawaii prohibit all forms of gambling and are the only two states in which no forms of gambling at all are allowed (no lotto, Indian casinos, etc.). Disclaimer: I am a pokemon, use the information in this post at your own risk. |
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#40
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From Bloomberg article:
"Oct. 12 (Bloomberg) -- Sportingbet Plc, the owner of Paradise Poker, sold its operations in the U.S., where lawmakers are preparing to ban Internet gambling. Jazette Enterprises Ltd. bought the company's U.S. sports betting and casino operations for $1, London-based Sportingbet said in an e-mailed statement today. The sale relieves Sportingbet of $13.2 million in liabilities." http://www.bloomberg.com/apps/news?p...d=a0rq6aOSqXgs Anyone ever heard of Jazette Enterprises? I note too that it is only the sports betting and casino operations, so I'm assuming Paradise was not part of the deal. |
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