270 Days Pretty Solid -- no run on the banks necessary

[kevstreet]

I love our country, but the government is a [censored] joke. It's getting worse! After this I feel like running right out and payinig my taxes on the money I EARNED this year, can't wait for April 15th.

[Jack Bando]

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Anyone have insight into the Asian market/legality on this? I did a quick search for articles but most were rather old. What I did find was sportsbook-oriented and said that despite online betting being illegal the Asian market was growing rapidly.

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I'm sure Olivert will be here soon to tell us all about China.

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Oh God no. The words "China, Online, Asia,MGM, WPT, (WPT's CEO), Poker" are probably scanned for by him every day to post his theory about how a company barely solvent is going to take over the world.

[lzfsb3]

I have not read all of the posts about this but has anyone asked and answered about just mailing certified check or money order to poker site and if that would be acceptable to keep playing?
Also, any discussion on Legal Challenge to this. Will sympathetic judge declare it bad law and stop it? Cripes, judges are always stopping things that I believe they have no reason to stop so it is probably too much to hope for that they would stop something I really want them to.

Don't dismiss U.S. market so fast in favor of Asian market. Our NGP is still enormous and that comes from people making good money.

[BigAlK]

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Good news then. The UK banks are going to be loving this! The other advantage of having a UK bank is you can totally dispose of Neteller etc and just deposit from and withdraw to your bank account's debit card.

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Anyone know about Canadian banks which are more accessable for most US players and, I believe, also don't put you through the hassle of funding through an e-wallet.

[Lawman007]

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Anyone have insight into the Asian market/legality on this? I did a quick search for articles but most were rather old. What I did find was sportsbook-oriented and said that despite online betting being illegal the Asian market was growing rapidly.

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I'm sure Olivert will be here soon to tell us all about China.

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No, he only posts in the Televised Poker forum. He has no thoughts on anything important. LOL

[DavidNB]

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Good news then. The UK banks are going to be loving this! The other advantage of having a UK bank is you can totally dispose of Neteller etc and just deposit from and withdraw to your bank account's debit card.

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Anyone know about Canadian banks which are more accessable for most US players and, I believe, also don't put you through the hassle of funding through an e-wallet.

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I deal thru a Canadian bank. I use neteller linked to my savings account. Very fast to deposit the money and they don't even wait for it to clear.

[nation]

All,

What would happen if Party banned US players from playing? Would our funds be confiscated or would we be unable to access them to withdraw?

Should I withdraw now or do I really have 270 days?

[FoxwoodsFiend]

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All,

What would happen if Party banned US players from playing? Would our funds be confiscated or would we be unable to access them to withdraw?

Should I withdraw now or do I really have 270 days?

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This is a very important question I haven't found any clear answers on. When the regulations are promulgated, will we be unable to cash out? Sure we might have some more time to play, but will our money be taken at the end of that period?

[Lawman007]

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All,

What would happen if Party banned US players from playing? Would our funds be confiscated or would we be unable to access them to withdraw?

Should I withdraw now or do I really have 270 days?

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This is a very important question I haven't found any clear answers on. When the regulations are promulgated, will we be unable to cash out? Sure we might have some more time to play, but will our money be taken at the end of that period?

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Nobody knows whether the poker sites would keep your money except the poker sites, and they certainly aren't going to tell you. I doubt they would keep it, but what could you do about it if they did? Go to Gibraltar or Costa Rica or wherever and sue them?

Again, the 270 day thing is widely misunderstood here. The 270 day period is only for promulgating regulations. The bill will become law when the president signs it in a week or so, at which time it will become illegal for a poker site to accept American players, which is why Pacific Poker has already said that it will no longer allow Americans to play there.

I believe that the other poker sites will do the same thing very soon. Others disagree. I hope I'm proven wrong, but I don't think I will be.

[cognito20]

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Good news then. The UK banks are going to be loving this! The other advantage of having a UK bank is you can totally dispose of Neteller etc and just deposit from and withdraw to your bank account's debit card.

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Anyone know about Canadian banks which are more accessable for most US players and, I believe, also don't put you through the hassle of funding through an e-wallet.

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I deal thru a Canadian bank. I use neteller linked to my savings account. Very fast to deposit the money and they don't even wait for it to clear.

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David (or any American out there who uses Canadian banks), do you have any recommendations for which bank to go through in Canada if we want to open an account up there for online poker purposes? I had heard Bank of Montreal mentioned somewhere as a possible option, but I'd be interested in learning about others. I live in upstate New York, near Ithaca, but my grandmother lives 10 minutes from the Canadian border, outside Niagara Falls, and when my wife and I go up to visit her in a couple of weeks we're going to take a little trip over the border and open an account. Any banks that have branches in Niagara Falls would be ideal, although I am willing to travel to St. Catharine's, Hamilton, or even as far as Toronto if need be.

--Scott