Gambling bill signed today. Big deal.

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Author: [The Archives] Topic: Gambling bill signed today. Big deal.
vanzack PM vanzack
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Posted: 10/13/2006 4:19:30 PM
The formality of GWB signing the bill today has sent many in to a panic.  Its like they have never heard of any of this or that they havent prepared in any way.  The bottom line is that there is no reason to panic - there isnt even a reason to be concerned - there is a reason to be prepared and educated and you have had 2 weeks to do that so this should be of no surprise.
 
The gambling industry forum here has never been so busy.  The funny thing is that there is a core group of guys who have been instrumental here at getting the news out and nobody bothered to read or listen to these folks.
 
Here is your readers digest version - and I will only post it here this once - and I will not post in the ongoing panic threads that are now littering covers.
 
1.  The bill does not target the gambler in any way.  Nothing has changed legally for you the bettor.
2.  There is questions about the enforceability of the bill in the first place and it might just go by the wayside eventually.
3.  Neteller current stance is that they are in still in business for Americans and that this bill doesnt effect them.  Firepay has backed out of the US market.
4.  99% of sportsbooks and poker sites also say that this bill doesnt effect them.  The reason is simple - the USA cannot make laws for the rest of the world.  It is LEGAL in curacao, england, costa rica to be a bookmaker and there is nothing the US can do about it.  There is no world court or world laws.
5.  PartyPoker and WWTS are in the tiny minority of books who have decided to not take US customers because they are PUBLIC companies and will not put their stockholders or board in any risk.   Once again there is no risk if they are not American but speculation is that these companies have american members.
 
Pinnacle, Mansion, The Greek, Cris and every other top tier book is still around and will be around.  This has nothing to do with them.  Imagine if France passed a law that said selling hamburgers was illegal.  Then a French guy came to your burger shop and ordered a burger in Minnesota.  Are you criminally responsible to the French Govt?  Of course not.  So these books operate under the jurisdiction of their local governments and they are all citizens of countries that condone bookmaking.
 
That is it in a nutshell.  No panic.  Its business as usual with a few adjustments.
 
MEGALOCKS PM MEGALOCKS
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Posted: 10/13/2006 4:21:18 PM
vanzack PM vanzack
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Posted: 10/13/2006 4:23:54 PM
And BTW - I have no idea what sportsbook.com intends to do because I ignore everything having to do with them.  Classifying them a legitimate sportsbook is like classifying Rosie Odonnell as a legitmate hottie.
 
If sportsbook.com shut down they would be doing anyone playing there a favor.
bocol9 PM bocol9
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Posted: 10/13/2006 4:23:55 PM
Van- Right on man. Great post, and if people only looked into it they wouldn't sh#t their paints.
bocol9 PM bocol9
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Posted: 10/13/2006 4:24:55 PM
QUOTE Originally Posted by vanzack:

And BTW - I have no idea what sportsbook.com intends to do because I ignore everything having to do with them.  Classifying them a legitimate sportsbook is like classifying Rosie Odonnell as a legitmate hottie.
 
If sportsbook.com shut down they would be doing anyone playing there a favor.
 
 
Van-
 
While sportsbook.com isin't one of the top books out there, I have never had a problem with them.  And, Rosie O' Donnell....well, she's got some workin' to do.
texancapper PM texancapper
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Posted: 10/13/2006 4:25:26 PM
There's way too much money involved.........these books are not going down without a fight...
What the hell are the government to do? Go after these guys and spend millions of tax payer's money to prosecute them too? They can't even stop drug dealers selling drugs to our kids around the corner........
 
 
 
 
vanzack PM vanzack
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Posted: 10/13/2006 4:26:43 PM
And one more thing.  All the morons running around saying "this is the end of internet gambling" are nothing but ill advised alarmists looking to gossip about something.
 
That is bullshit.  It is not the end of internet gambling.  It is a weak bill passed for political gain - thats it.  They couldnt pass the tough bills so they passed this piece of garbage so they could tell the people in Kansas that Jesus loves them and so do I - Im fighting for your morality.
 
End of story.  Save the crying wolf for someone else.
KOAJ PM KOAJ
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Posted: 10/13/2006 4:27:29 PM
from what i've read...there is way too much legwork for individual financial institutions to do to enforce this thing

you can always deposit via western union and withdraw via fedex bypassing the banks

good work vanzack
betjackson PM betjackson
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Posted: 10/13/2006 4:29:05 PM
vanzack PM vanzack
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Posted: 10/13/2006 4:29:07 PM
QUOTE Originally Posted by texancapper:

There's way too much money involved.........these books are not going down without a fight...
What the hell are the government to do? Go after these guys and spend millions of tax payer's money to prosecute them too? They can't even stop drug dealers selling drugs to our kids around the corner........
 
 
 
 
 
Texan - I thought I made this clear in my original post.  THE US GOVT CANNOT GO AFTER ANYBODY NON US CITIZEN THAT ABIDES BY THE LAWS OF THEIR JURISDICTION IN THAT JURISDICTION.  The recent arrests have nothing to do with gambling.  These guys came to US soil.  Pinny and mansions owners sleep very well at night knowing there will never be a US agent at their door.  They are protected by their own laws.
 
I am continually amazed that the average american thinks that US laws are the worlds laws.
jr0884 PM jr0884
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Posted: 10/13/2006 4:29:48 PM

Thanks for caring to share that vanzack.  I really appreciate it.  I wasn't paniced, but there was a little concern in the back of my mind.  You have eleveated that.  Again, thank you.

Allinster_JR
jesse07 PM jesse07
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Posted: 10/13/2006 4:31:49 PM
bigdaddydago8 PM bigdaddydago8
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Posted: 10/13/2006 4:34:46 PM
GTKSU04 PM GTKSU04
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Posted: 10/13/2006 4:43:25 PM
cd329 PM cd329
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Posted: 10/13/2006 4:47:37 PM
Vanzack,
 Very well put, you are correct in everything you said and this has got to be a must read for everybody, especially for guys who havent been paying attention.
I love the hamburger quote about france.  Our country needs to stop thinking that we can make laws for the rest of the world, thats one of the biggest problems we have here, not minding are own business and making everybody hate us.
Our leaders should look back thru history, every empire that never thought could be defeated, got defeated.  We are no differnt.
Boalukeduke PM Boalukeduke
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Posted: 10/13/2006 4:49:00 PM
Vanzack    in  08      I can see the  Bumper stickers now !!         
texancapper PM texancapper
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Posted: 10/13/2006 4:49:08 PM
Vanzack..never mind the statement...just me venting. I am sick and tired how the government are just getting into our personal lives. I am just sick of it.  
vanzack PM vanzack
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Posted: 10/13/2006 4:50:31 PM
QUOTE Originally Posted by texancapper:

Vanzack..never mind the statement...just me venting. I am sick and tired how the government are just getting into our personal lives. I am just sick of it.  
 
I understand.  Believe me.
 
trainwreck42 PM trainwreck42
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Posted: 10/13/2006 4:52:38 PM
QUOTE Originally Posted by vanzack:

And BTW - I have no idea what sportsbook.com intends to do because I ignore everything having to do with them.  Classifying them a legitimate sportsbook is like classifying Rosie Odonnell as a legitmate hottie.
 
If sportsbook.com shut down they would be doing anyone playing there a favor.


Ditto on Sportsbook.com. Everytime they e-mail me I reply with.
darn OFF!!!!!!!!!!!!!!!!!!!!!!!!!
dropitlikeithot PM dropitlikeithot
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Posted: 10/13/2006 4:53:26 PM
Hey VANZACK, why the ill will toward sportsbook.com?
I've been with them for 3 years. I haven't had any problems with them.
Also they said, they can careless about a "BILL" it's business as usual.
Hit me back. 
 
vanzack PM vanzack
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Posted: 10/13/2006 4:57:31 PM
QUOTE Originally Posted by dropitlikeithot:

Hey VANZACK, why the ill will toward sportsbook.com?
I've been with them for 3 years. I haven't had any problems with them.
Also they said, they can careless about a "BILL" it's business as usual.
Hit me back. 
 
 
Honestly I dont know if sportsbook.com said yes or no to American customers.  I have just seen threads left and right about them lately.
 
Ever hear someone say "I know a guy that smoked his whole life and never got cancer".  Does that mean that smoking doesnt cause cancer?  Everyone loves to say "I never had a problem with sportsbook.com" - but the truth is they have an established reputation for slow paying and about 10 other industry no no's.  If you like them keep playing there.  But your chances of getting "cancer" are much higher than if you were at a legitimate sportsbook.
 
I dont want this to turn in to a sportsbook.com thread.
 
dropitlikeithot PM dropitlikeithot
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Posted: 10/13/2006 5:01:54 PM
Cool, nuff said
KGB20 PM KGB20
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Posted: 10/13/2006 5:14:24 PM
QUOTE Originally Posted by KOAJ:

from what i've read...there is way too much legwork for individual financial institutions to do to enforce this thing

you can always deposit via western union and withdraw via fedex bypassing the banks

good work vanzack
 
I have a question about this.  Even if  you get a cashiers check from Pinny you still have to take it to your own bank to get it cashed.  Is that not really a problem.
Erik48 PM Erik48
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Posted: 10/13/2006 5:27:52 PM
So we're out at Partypoker.
Where's the best place one can now go for Poker and whats the best advice for funding the account. Bodog? 
 I am very depressed  and darn GWB!
cd329 PM cd329
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Posted: 10/13/2006 5:34:08 PM
great video about frist and goodlatte  2 friggin hyprocrites
These southern baptists are really evil fool
 
http://www.youtube.com/watch?v=6U8WjAmhgsU
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