Getting a bit worrying now (Party stopping USA customers)

[Sark79]

What will happen to sites like Full Tilt who have alot of US players and Pokerstars?    I don't think either are US based, but they have many US players.   Do you think some sites will be forced to merge with each other.

[byronkincaid]

http://blondepoker.com/forum/index.php?topic=10773.msg229870#msg229870

[Jon MW]

...
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 surely the key.

As much as I hate the hypocrisy, horse racing is specifically exempt, so US players can use this to legitimately make deposits in a sports book, and once the funds are offshore, transfer them from the sportsbook to the poker account.

Poker rooms without a sportsbook who rely on US players will suffer, but after consolidation in the industry we should be left with European centred operations, and sportsbook partnered, US centred operations.

So not necessarily any reason to worry about these developments, as long as the right poker rooms make the most of the opportunity we could be left with a very similar market to what we have now.

I might just be an optimist though. 

[The Nomad]

What gets me on all this is the hypocracy of the people who pushed for this legislation.  They are all backed by the live gaming lobby the indian tribes the lotto companies and the race tracks.    I got used to working in my night shirt and siestas in the afternoon.The lifestyle that the net provided not to mention the money will be greatly missed,hopefully a good percentage of the new internet players will find their way into B and M s.          We can hope for this, there is evidence that the net has helped live poker by being sponsors to big events which in turn are on the box which attract new blood . Unfortunately for some those big big fields are over               but the spin off to live cash games is happening Vienna   Paris  Spain are all on the up. I dont know about the UK but there seem to be many poker clubs opening, so perhaps every cloud has a silver lining.It seems to me its back to the days of have bank roll will travel, so when the going gets tough the tough get going.       Sherrif Fatman A Spanish lawyer once said to me theres no such thing as a problem only a solution if the solution is only a click or 2 away there is no problem.                                                   

[byronkincaid]

crypto

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1309089&source=RNS

[thetank]

So it's ok to own an M-16 Assualt rifle but you can't play a $5 sit n go.

As Nomad points out, the hypocracy is a right bugger. If only some of the more successful online pros had the foresight to back their own congressmen.

[MrMoves]

Be glad you live in Europe.  We are very lucky over here.

There are still plenty of poker rooms.  Online poker is going nowhere IMHO.  If and, it's a big IF, Americans cannot find a loophole to fund poker accounts, emerging markets in Asia will help soften the blow in the coming years.

Unless you're a US citizen or own shares in these companies, there is no need to panic.

[AndyG]

At the end of the day this is just a case of big traditional businesses throwing their weight around in the states and lobbying ( perhaps bunging lol ) certain government officials to get what is obviously a massive threat to their casino empires and its a appalling that they are seemingly going to pull it off.

On a lighter note Im just starting to lobby my MP to bring in an "anti muffing " law to get all scandies banned from poker cos with the yanks gone and asia not yet up and running online I dont fancy the odds anymore  lol

[Swordpoker]

Dammit, I might have to start playing during the day 

[Sark79]

Would this be the time for a rich Asian business person to buy a bunch of shares in a site like Party?

[MrMoves]

Would this be the time for a rich Asian business person to buy a bunch of shares in a site like Party?

If the said business person wants to lose some money as quickly as possible.

Don't try to catch a falling knife, as the say.

[thetank]

I'd prefer if they made a deposit instead. 

[Sark79]

But surely this has to be the end of Party in the US, it wouldn't be able to recover from this.  The next big market is in Asia and they would still have a good business with many European players.   

When will all the banks actually stop dealings with sites, don't these things take about 12 months to actually go through

[AndrewT]

I'd prefer if they made a deposit instead. 

There are plenty of businessmen making certain kinds of deposits today.

[The_nun]

I wonder whether this will affect my package that i have won with an American Poker site, as the sat's for it are still running.