BUSINESS AS USUAL AT CARIB

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ODU GURU
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BUSINESS AS USUAL AT CARIB 8/4/03 - Stephen Nover

Good read by Nover here...

http://www.therx.com/nm/templates/article.asp?articleid=1133&zoneid=2

It was a bad weekend, and not just because the Jets didn't cover the spread.

The Senate joined the House in creating a bill that would prevent the use of credit cards, checks and electric fund transfers for Internet gambling. Word also surfaced that the Internal Revenue Service is investigating Carib Sports Book & Casino. Federal prosecutors in Pittsburgh seized more than $1.6 million from three men accused of running offshore gambling business in Antigua, Belize and the U.S., including Jon Rogers, who was an oddsmaker for Carib.

What does all this mean?

In the case of Carib, it's business as usual. This negative publicity sure doesn't help, especially with the realization that if any federal investigation is launched it could mean the government trying to obtain Carib's customer list.

But it's not like Carib, whose owner is a pioneer in the offshore field with an excellent reputation for paying customers, is going to be in any serious jeopardy having $1.6 million tied up.

According to a published report, federal agents seized more than $1 million that Rogers had stashed away in various safe deposit accounts in his home state of Ohio. Considering the U.S. mentality of "guilty until proven innocent" when it comes to Internet sports betting, one must wonder how an American involved in the industry could have that kind of cash lying around in safe deposit boxes.

Bigger bettors and professionals know there are two important things - getting paid and making sure the bookmaking operations they get involved with are smart. Smaller players, and those looking just to bonus hop, have to really be on the alert because the best deals are often made available by the weakest operators. Can you trust them to not only pay you, but prevent the "Feds" from finding out about you?

Using the Patriot Act and terrorism as an excuse now, instead of their "Save the Children" routine, the U.S. government seems on the verge of cutting off transfer methods to fund on-line wagering.

By linking terrorism with money laundering, without any proof of any sports betting involvement, U.S. politicians are able to get off better sound bites trying to cloak their own out-of-touch agendas with something that isn't there.

"The way it was before, people who wanted to gamble would oppose the government and people who didn't gamble wouldn't care," one gaming analyst said. "Now they're getting people who don't gamble or care to think about it to say, 'hey look this gambling is laundering money to terrorists.' So they're building a little base of activism.

"The problem is nobody represents the (offshore) industry who can be an effective lobbyist. They (the U.S. government) are fighting foes that can't show up to be a part of the debate."

While eliminating transfer methods could slow the industry, it won't inflict serious damage. Bookmakers just need to move on to new transfer and payment methods, which some are already doing. It's like lowering the speed limit from 70 to 55. You'll still get there, but it will now take a little longer.

There's also the possibility of a backlash coming from the credit card companies and electronic transfer companies against the government for costing them lost revenue.

A backlash against the U.S. government is already occurring with Antigua filing a formal protest with the World Trade Organization. The government of Antigua is saying that Internet wagering isn't a crime wave, but instead a legitimate industry. Many people’s livelihoods depend on it.

Trying to keep Americans from making harmless wagers and enjoying their own entertainment dollars doesn't have anything to do with terrorism. Why is that so hard for some politicians to understand?
 
they paid me on saturday and sunday by pre paid atm in less than 2 minutes
 

hacheman@therx.com
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My deposits and payouts there are always among the fastest. They are quick to send you back a memo on any subject. They proved to me they are a classy book when they refunded me that $250 "misplayed" hand of blackjack. Although, I do wish they would begin associations with forums.
 

Old Fart
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Very Good Read-Shrink.

Do we know if any other countries have joined in with Antigua in their pursuit of the WTO? Seems the more that do, the stronger their case.

We appreciate you keeping the readers up todate as well!
applaudit.gif
 

New member
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Michael777- I just started prepaid ATM with Carib - have you liked it thus far??
 
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I agree

Well, sort of..I love Carib, and PPATM is by far the easiest, and most convenient W/D method i have ever used.

Now, as far as it being better than sex...Well, yeah, sometimes i guess. Depends on how much money, and what sort of sex.
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New member
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Uncle / 777 - Thanks for the Carib-relevant info - I'll let the self proclaimed king of the H.I.P. continue to take the lead on the other subject though a nice slice of poontang pie can never be replaced by a 5 dime payout (well, almost never)
 

Old Fart
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A list of players names for the Feds?/

So-I (for one) will definately be claiming my little payout from there).
I love Carib and wish them the best!
 

New member
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Carib is still one of my fav outs. Especially for football. Carib has 10 pt. ties win teasers. Check them out!
 
Joined
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Awwww, why you wanna go and ruin the guys day??
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I am not leaving Carib either. I won't be reupping anytime soon, but, i am not leaving.
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As far as the 'Feds' having my name on a list,,, you don't think they already do? I am pretty sure they could get that info pretty easily in a number of ways.


I hate to see any book go through this shit, much less a solid book like Carib. I hope everything works out.
 

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