The end of online gambling is near

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Author: [General Discussion] Topic: The end of online gambling is near
vanzack PM vanzack
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Posted: 4/15/2011 7:53:25 PM
QUOTE

Originally Posted by madshooter72:



there has been much talk of legalizing online gambling, there are some representatives that want this to happen, and maybe this is what the final outcome will be after all this is done. It would be much nicer knowing that our money is safe and the games are closely monitored here in the US. Who knows, maybe I am dead wrong, but I would hope that our government would realize the amount of money that is being left on the table that they could be receiving by taxing and regulating the industry.

Couple of things:

1.  This is for POKER only.  Sports betting is not on the table for legalization.  So if you want a licensed, taxed, and regulated poker landscape - I think we are headed in your direction.

2.  The method here is nothing short of mafia gangsters by the DOJ.  Is that justified?  Is it really justified to shut down these places at the peril of thousands of Americans money, not counting foreigners who play there legally?

Can you imagine if you lived in Germany, and you played at PS, and had 50K there LEGALLY and today because of the USA you couldnt get your money?  Imagine if Germany placed an indictment on your local bank, and your savings were suddenly gone?

ClubDirt PM ClubDirt
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Posted: 4/15/2011 7:55:24 PM
QUOTE Originally Posted by Dsn150:

- The US DOJ has no jurisdiction over Canadians.... only affects American bettors - North America includes both- probably sportsinteraction.com's angle...


- It's a blessing in disguise because it will save a hell of a lot of people a hell of a lot of money that they would have lost had they been able to play... Of course, it will also cost the guys that were taking it from the poor saps every night as well-



there is that but do we really want the government involved with online gambling.  they are going to darn it up and cut into any margin we may have.  i liked it best when it was sort of illegal and just marginally difficult to fund and withdraw.  
madshooter72 PM madshooter72
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Posted: 4/15/2011 7:56:21 PM
QUOTE Originally Posted by vanzack:

Couple of things:

1.  This is for POKER only.  Sports betting is not on the table for legalization.  So if you want a licensed, taxed, and regulated poker landscape - I think we are headed in your direction.

2.  The method here is nothing short of mafia gangsters by the DOJ.  Is that justified?  Is it really justified to shut down these places at the peril of thousands of Americans money, not counting foreigners who play there legally?

Can you imagine if you lived in Germany, and you played at PS, and had 50K there LEGALLY and today because of the USA you couldnt get your money?  Imagine if Germany placed an indictment on your local bank, and your savings were suddenly gone?



I hate what happened today and think its B.S. what they did, just trying to seek a positive that may come out of it. I would be pissed if I had money in 1 of these accounts and I was playing legally, by no means do I agree with what happened today.
vanzack PM vanzack
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Posted: 4/15/2011 7:57:59 PM
QUOTE

Originally Posted by madshooter72:



I hate what happened today and think its B.S. what they did, just trying to seek a positive that may come out of it. I would be pissed if I had money in 1 of these accounts and I was playing legally, by no means do I agree with what happened today.

My comments not directed at you personally, just more in confusion and frustration.

RickeM PM RickeM
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Posted: 4/15/2011 7:59:12 PM
Dsn150 PM Dsn150
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Posted: 4/15/2011 7:59:18 PM
IMO- the people who fucked you are at ESPN, etc.....


Putting the garbage on every night, with advertising from all of the sites- it's no surprise the the govt finally caught up and found a way to get their paws on it-

Outlaw it first, then reintroduce it with tax implications- kind of like alcohol and prohibition.....

RickeM PM RickeM
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Posted: 4/15/2011 7:59:19 PM
RickeM PM RickeM
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Posted: 4/15/2011 8:01:10 PM
RichardA PM RichardA
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Posted: 4/15/2011 8:06:38 PM
I don't feel sorry for any usa poker players who lost their money...you all knew what you were getting in to when you deposited your money into those sites knowing that as a u.s. citizen you were forbidden to do so for the most part...lesson learned and that is:

.obama is a corporate puppet
vanzack PM vanzack
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Posted: 4/15/2011 8:24:05 PM
Oh, and BTW - think it is a coincidence that this is happening on Tax Day?
RickeM PM RickeM
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Posted: 4/15/2011 8:24:42 PM
14daroad PM 14daroad
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Posted: 4/15/2011 8:33:38 PM
The Obama Administration did this.

There is more than 1 Obama voter in this thread whining about it.


JTmonayyy PM JTmonayyy
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Posted: 4/15/2011 8:37:28 PM
So what happens to the funds of Canadian players on these sites?
jackjaffee PM jackjaffee
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Posted: 4/15/2011 8:38:35 PM
QUOTE Originally Posted by vanzack:

Oh, and BTW - think it is a coincidence that this is happening on Tax Day?

It's not a coincidence because today isn't tax day this year, it's the 18th.


Messier-11 PM Messier-11
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Posted: 4/15/2011 8:43:31 PM
funny i started playing pokerstars for the first time in months last night. I goto play today and it says we are sorry but due to government regulations, playing real money tournaments is not allowed in your area. Just my luck this thing happens 12 hours later. 5dimes credit card processors aren't working either. I wonder if this has something to do with that?
3rd_and_Long PM 3rd_and_Long
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Posted: 4/15/2011 8:44:40 PM

Have you heard about the 1099-K form?

http://news.coinupdate.com/new-irs-form-to-debut-0504/

pinoy1da PM pinoy1da
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Posted: 4/15/2011 9:17:23 PM
pinoy1da PM pinoy1da
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Posted: 4/15/2011 9:22:09 PM
omfg OMFG!!! 

WE'RE ALL DOOMED!
RichardA PM RichardA
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Posted: 4/15/2011 9:33:21 PM
they wasted 7 years and who knows how many millions trying to convict barry bonds, FAIL, but god-dog it, they are bound and determined to shut down those evil books....
KktdocT PM KktdocT
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Posted: 4/15/2011 9:35:52 PM
Damn politicians, trying to get every penny out of us.
RichardA PM RichardA
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Posted: 4/15/2011 9:38:02 PM
Some high-powered Republicans are fighting this tooth and nail...

Former (R) U.S. Sen. Alfonse D’Amato, now chairman of the Poker Players Alliance, which represents more than 1 million U.S. players, said in a statement that the organization was "shocked at the action taken by the U.S. Department of Justice today against online poker companies and will continue to fight for Americans’ right to participate in the game they enjoy. Online poker is not a crime and should not be treated as such."


http://www.msnbc.msn.com/id/42613518/ns/us_news-crime_and_courts/

RichardA PM RichardA
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Posted: 4/15/2011 9:40:54 PM
GOP to the rescue!! They are on this like flies on garbage!
LeafsNeedD PM LeafsNeedD
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Posted: 4/15/2011 9:41:55 PM
Van you really think the liquidity of these poker sites is in jeopardy?  The operating structure of this sites would require very minimal capital as a % of deposits I would imagine.  They're just running some software and taking a % of every game. 
RickeM PM RickeM
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Posted: 4/15/2011 9:42:39 PM
QUOTE Originally Posted by RichardA:

GOP to the rescue!! They are on this like flies on garbage!
I doubt that very seriously.
RickeM PM RickeM
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Posted: 4/15/2011 9:43:20 PM
QUOTE Originally Posted by RichardA:

Some high-powered Republicans are fighting this tooth and nail...

Former (R) U.S. Sen. Alfonse D’Amato, now chairman of the Poker Players Alliance, which represents more than 1 million U.S. players, said in a statement that the organization was "shocked at the action taken by the U.S. Department of Justice today against online poker companies and will continue to fight for Americans’ right to participate in the game they enjoy. Online poker is not a crime and should not be treated as such."


http://www.msnbc.msn.com/id/42613518/ns/us_news-crime_and_courts/



I would hardly consider that fighting the matter "tooth and nail".


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