party is pulling out

[HOWMANY]

[ QUOTE ]
Wow I am getting scared.

[/ QUOTE ]

Tinfoil hat time.

[DanJ.]

wow, any idea how much of parties player population is American?

[catalyst]

Dikshit is a sissy

[Tofu_boy]

thank you very much for your shi t Party VIP
didn;t even try to fight for us

[ZBTHorton]

[ QUOTE ]
I don't want to be skeptical, but, OP, who are you?

[/ QUOTE ]

You don't need to be skeptical.

I had heard all day yesterday that it was happening from insider sources. This is completely true.

[Nate tha\\\' Great]

Note the language in the first paragraph.

"On 30 September 2006, the United States Congress passed The Safe Port Act. That measure also contained certain provisions known as the ‘Unlawful Internet Gambling Enforcement Act of 2006’ that will affect the processing of payments between US customers and online gaming companies, including PartyGaming, that are publicly traded and licensed and regulated in respected jurisdictions."

There's nothing in the new US law that applies to public companies any more than private ones, or companies in the UK any more than companies in Antigua. Nevertheless, I think this is reflective of some of the reasons why Party chose to suspend operations in the US. By extension, it would be more surprising to see some of the private offshore sites (UB, PokerStars, FullTilt et. al.) suspend operations to the US immediately.

[ridonkulous]

He got the info, direct from the london stock exchange press release, this is as legit as it gets.

[Phil123]

I really can't believe they've done this. I thought they would at least put up some sort of a fight.

[Lawman007]

"The Act is expected to be signed into law by President Bush within the next two weeks. If signed into law, it will immediately make unlawful the receipt by a gambling business of proceeds or monies in connection with unlawful internet gambling. The Act does not clarify the definition of unlawful gambling. However, as the first piece of Federal legislation dealing explicitly with internet gaming, it does make clear that the US government intends to stop the flow of funds from Americans to online gaming operators through criminal sanction. The Act also asserts that, under US law, a wager must be permitted under the laws both of the customer’s place of residence and that of the operator.

After taking extensive legal advice, the Board of PartyGaming Plc has concluded that the new legislation, if signed into law, will make it practically impossible to provide US residents with access to its real money poker and other real money gaming sites."

This is just the beginning. If they came to this conclusion, the other sites probably will, as well.

[Nate tha\\\' Great]

[ QUOTE ]
wow, any idea how much of parties player population is American?

[/ QUOTE ]

75-80%.