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Author Topic: Getting a bit worrying now (Party stopping USA customers)  (Read 13646 times)
byronkincaid
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« on: October 02, 2006, 02:08:46 AM »

http://msnbc.msn.com/id/15095619/

I don't play on 888 but the site I do play on has mostly american players. Not looking good.

http://business.timesonline.co.uk/article/0,,9070-2384407,00.html

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PartyGaming, the world’s biggest internet gambling company, said last night that it was “still evaluating the situation”, although industry sources believe it will also announce a cessation of its services to American punters

I was thinking that Party being a bunch of greedy scum bags wouldn't do it but 888 are just as bad...
« Last Edit: October 02, 2006, 10:00:54 AM by byronkincaid » Logged
Laxie
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« Reply #1 on: October 02, 2006, 02:52:23 AM »

I'm a Yank who's fortunate enough to live in Europe, but at the same time I can see how banning it in the States will affect online poker across the globe.  Living in Europe and seeing it from your point of view....there won't be half as many Yanks (fish) on in the morning to take money from with their stupid late night plays/calls.  But there also won't be as many big sponsorship deals because at least half their market has just been cut.  WSOP won't come close to the numbers they had this year if the new laws stick.  But then...the pros would be delighted with that news and so should we because it makes it that much easier for the rest of us in Europe to win a seat.  But...is one seat for a few days in the year worth being glad to see the back of em?  Sad day really and sad the way they were able to stick it onto the back of legislation that matters, just to be sure it passed.
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Mbuna
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« Reply #2 on: October 02, 2006, 09:05:33 AM »

PartyGaming shares are down 60% this morning already....... scarey stuff
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« Reply #3 on: October 02, 2006, 09:06:22 AM »

http://news.bbc.co.uk/1/hi/business/5397920.stm

Looks like the end is nigh for Americans playing online.  Angry
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« Reply #4 on: October 02, 2006, 09:07:25 AM »

I'm glad I don't own any shares in the gaming companies.  Party lost nearly 60% of it's value.   It's possibly a good time for a speculative buy.
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« Reply #5 on: October 02, 2006, 09:33:14 AM »

I'm glad I don't own any shares in the gaming companies.  Party lost nearly 60% of it's value.   It's possibly a good time for a speculative buy.

yes it is..but not in a company like Party..they are in all sorts of bother now as they mainly focus on the american market.
This is a fair time to look at poker sites that mainly cater for europeans and are looking to move into Asia.
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byronkincaid
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« Reply #6 on: October 02, 2006, 09:39:53 AM »

er anyone know of any half decent jobs? at least I'll be able to play APAT events now Cheesy

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1308926&source=RNS
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byronkincaid
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« Reply #7 on: October 02, 2006, 09:42:31 AM »

Paradise

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20061002:MTFH40081_2006-10-02_06-26-29_WLA3665&type=comktNews&rpc=44
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byronkincaid
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« Reply #8 on: October 02, 2006, 10:00:09 AM »

Looks like the yanks are pulling their money out of everywhere, I can usually 6 table at Absolute at this time of day. Only 2 tables running now. I dunno whether to withdraw my bankroll or not, I have to wait 24 hours because I deposited yesterday. They might have run out of money by then???
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Sheriff Fatman
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« Reply #9 on: October 02, 2006, 10:04:52 AM »

Provided the players funds are held in a separate account to the main business (which they should be), mass withdrawals from a site should not be an issue for you.

I'd be surprised if any of the majors have player funds intermingled with the main business monies.

Sheriff
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« Reply #10 on: October 02, 2006, 10:05:37 AM »

What poker sites are mainly european based ?

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« Reply #11 on: October 02, 2006, 10:12:30 AM »

I feel sickend for anyone that has a decent wedge invested in theseat the moment.   A couple of years back we took a right pelting on the markets and are still paying dearly now. I no longer dable but I do know a member of our family is quite heavily invested in one of these mentioned here.b Good luck all..xx
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Sheriff Fatman
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« Reply #12 on: October 02, 2006, 10:14:36 AM »

A few random thoughts.....

One option open to the US players still is likely to be the sportsbooks (Mansion, WSEX, etc) as they accept horse-racing bets which, as far as I know, are unaffected by this bill.

This is also likely to have a potential knock on effect to the big live events too, as the online satellites are going to have a much smaller player pool if this becomes law and wipes out the US players.  Assuming this, its hard to see how the WSOP Main Event is going to attract 8,000+ runners again.

Hopefully, one benefit we'll see is that sites will make their big events more Euro-friendly in terms of start times as we are surely now the main market for them to focus on.

It might not all be bad news, although I say this as a recreational player and without meaning to trivialise someone such as Byron's position.  For the full-time players the loss of a huge chunk of the player pool is obviously a massive concern.

Sheriff
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« Reply #13 on: October 02, 2006, 10:22:26 AM »

What poker sites are mainly european based ?



wimpy hill and lads are mainly euro based and moving towards Asia more then the states (I just hate playing there)
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byronkincaid
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« Reply #14 on: October 02, 2006, 10:28:10 AM »

prima and tribeca very euro. wpex have said they'll carry on with yank custom
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