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View Poll Results: 5-meo-dmt | |||
yes | 2 | 100.00% | |
Voters: 2. You may not vote on this poll |
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#1
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The Gibraltar Conspiracy
On Oct 2nd, the London Times broke the story that
888.com and PartyGaming would likely be pulling out of the US market according to their "industry source". Gambling911 also reports that PartyGaming would follow 888.com and pokerstars would also likely follow... All 3 of these companies are in Gibraltor. Reps from Gibraltor must have put the pressure on these companies to pull-out...It is far too coincidental. I believe pokerstars realizes what is going on, and may possibly consider relocation. Also as a side note, Pacific Poker is owned by the same company that owns 888.com..The company is called Cassava Ent. and of course they reside in Gibraltor. |
#2
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Re: The Gibraltar Conspiracy
I thought PS was Isle of Man
Nope from there site: PokerStars is a registered legal business located in San José, Costa Rica. We abide by the laws and regulations where we do business. |
#3
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Re: The Gibraltar Conspiracy
I just dont get how you spelled Gibraltar correctly in the subject, however you spelled it incorrectly in the post?
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#4
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Re: The Gibraltar Conspiracy
Wikipedia lists them as Isle of Man like you said..
Its still odd though that Party,888 and Pacific have all pulled out. |
#5
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Re: The Gibraltar Conspiracy
[ QUOTE ]
Wikipedia lists them as Isle of Man like you said.. Its still odd though that Party,888 and Pacific have all pulled out. [/ QUOTE ] You got that Pacific is to 888 what Buick is to General Motors? |
#6
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Re: The Gibraltar Conspiracy
Just on a side note, Mansion is also located in Gibraltar (which is why it was the first, and so far only, site I've cashed out of).
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#7
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Re: The Gibraltar Conspiracy
[ QUOTE ]
Wikipedia lists them as Isle of Man like you said.. Its still odd though that Party,888 and Pacific have all pulled out. [/ QUOTE ] I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in. As far as being located in Gibraltar, there are corporate disclosure and accounting benefits to that situs even though it is a UK country. |
#8
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Re: The Gibraltar Conspiracy
[ QUOTE ]
I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in. [/ QUOTE ] I understand the corporate angle...So actually they are somewhat related...It still can make a difference on where the corp. is located..For example, if they were in the Bahamas, they'd be less likely to jump out imo.. So out of all the companies that announced they are pulling out...Which ones are private vs public AND where are they located? So far Ive only seen Crypto pull out (outside of Gibraltar) and they are in Canadian public company, which makes sense too. |
#9
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Re: The Gibraltar Conspiracy
[ QUOTE ]
I dont know why it has to be repeated 300 times a page. They have pulled out because they are public companies, traded on a stock exchange, with regulations that include complyng with laws of all countries that the companies have dealings in. As far as being located in Gibraltar, there are corporate disclosure and accounting benefits to that situs even though it is a UK country. [/ QUOTE ] There's another reason. They regard the US market as lost unless the regulations change. They're aware that online gambling is regarded as borderline smutty in Europe, and want to portray themselves as squeaky clean in this market. The risks of continuing to operate in the US are manifold : They might lose investors. They might lose European customers, who don't want to indulge in anything that might be seen as illegal. EU countries might follow suit with legislation if they don't show themselves to be transparently honest businesses. Plus the directors don't want to get arrested next time they visit the US..... |
#10
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Re: The Gibraltar Conspiracy
[ QUOTE ]
They might lose investors. [/ QUOTE ] Did this make any1 else laugh? They just lost 70% of thier stock's value just on the news that they were shutting out the US, you think they might lose investors do ya? |
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