http://www.620wdae.com/cc-common/streaming_new/index.html?refreshed=yes
whole show is dedicated the BILL today .
whole show is dedicated the BILL today .
yeah but once a book cashes your check where is that money coming out of? ... a US financial institution thus putting them at risk of being fined. There is little way out of this and if I can find the quote from a poker site I will post this. but the words "nearly impossible" stuck in my head
This from the National Right for Online Gambling's interpretation of the new legislation.
"The UIGEA will require Internet Service Providers (ISPs), remove or disable access to internet links and hyperlinks for gambling sites that reside on the ISPs servers. There is no monitoring system put in place by the government but the ISPs will be allowed to block any sites they feel are questionable without legal repercussion."
How is this not a huge problem? How am I going to access Pinnacle's website?
IS
"The UIGEA will require Internet Service Providers (ISPs), remove or disable access to internet links and hyperlinks for gambling sites that reside on the ISPs servers. There is no monitoring system put in place by the government but the ISPs will be allowed to block any sites they feel are questionable without legal repercussion."
How is this not a huge problem? How am I going to access Pinnacle's website?
IS
"After taking extensive legal advice, the Board of PartyGaming Plc has concluded that the new legislation, if signed into law, will make it practically impossible to provide US residents with access to its real money poker and other real money gaming sites," said a statement from PartyGaming. "As a result of this development, the Board of PartyGaming has determined that if the President signs the Act into law, the Company will suspend all real money gaming business with US residents, and such suspension will continue indefinitely, subject to clarification of the interpretation and enforcement of US law and the impact on financial institutions of this and other related legislation."
ucking: I guess the US business was not needed that much or they have no idea how bad it will be for them when they lose itthey can be blocked. try going to gamebookers from a US ISP and you get :
You are currently accessing www.gamebookers.com from:
Country: United States
IP address: *******
Residents of United States are not accepted to Gamebookers and cannot register accounts.
In case you are not citizen of United States and you are not currently residing in that country, please contact service@gamebookers.com and provide corresponding proof.
Please accept our apologies for the inconvenience this might cause.
Gamebookers
You are currently accessing www.gamebookers.com from:
Country: United States
IP address: *******
Residents of United States are not accepted to Gamebookers and cannot register accounts.
In case you are not citizen of United States and you are not currently residing in that country, please contact service@gamebookers.com and provide corresponding proof.
Please accept our apologies for the inconvenience this might cause.
Gamebookers
look up at the top of this page.
see all those pretty banners?
books pay money to the Rx to put them there.
not because they like the Rx, it's because the books want new customers to replace the old customers.
the cost to obtain a new customer is already sky high, with this new LAW (almost said bill) the price to obtain a new player from the USA will not be cost effective.
unless the Rx (and other sites like it) drop its ad rates by 80% this site is bye-bye
Only the very largest of books will be around for the die-hard gamblers.
Sure bettors will always find a way to gamble offshore, but the market will shrink to a size that will only support a handfull of the larger more established books.
:smoking:
see all those pretty banners?
books pay money to the Rx to put them there.
not because they like the Rx, it's because the books want new customers to replace the old customers.
the cost to obtain a new customer is already sky high, with this new LAW (almost said bill) the price to obtain a new player from the USA will not be cost effective.
unless the Rx (and other sites like it) drop its ad rates by 80% this site is bye-bye
Only the very largest of books will be around for the die-hard gamblers.
Sure bettors will always find a way to gamble offshore, but the market will shrink to a size that will only support a handfull of the larger more established books.
:smoking:
InSpades said:
Alot of people are in jail for using drugs (pot included) and many more are in jail for dealing and conspiring among drug dealers.
Not the end of the world, and Im not saying anyone betting sports online is going to jail. However, the casual online gambler will simply be using locals because of this legislation.
Actually, instead of becoming a local sportsbook operator, a good idea is to open an underground poker room.
The past 5 years, every other wet behind the ears college kid and housewife has become a wannabe poker superstar.
Still plenty of ways to fund an offshore account for serious gamblers, but potential new casual gambling customers has certainly been reduced.
:money8:
So probally one day in the next 9 months or so I will try and make an E-check deposit and it will not be accepted? So is that how I will know when this has been put in to effect? I did Fedex, WU in the past, I guess the past is back. Also it was only by phone so may be going back to that also. Gambling will survive and continue on despite our stupid ASS government. This attempt will fail.
Be careful to rip all of the politicians who voted for this, their hands were tied when it was added to the Safe Port Act. Look at Bill Frist (R-TN) and Jim Leach (R-IA) and jon Kyl (R-AZ) first.
Quoted from a Forbes article:
'It's pretty clear how this piece of legislation got through. There was a non-partisan bill that was going through the Senate and this was tacked on the bottom of it which left any objectors caught between a rock and a hard place. 'They couldn't vote down a piece of national security legislation and their hands were forced,' one source with close links to a major UK-listed online gaming firm told AFX News.
Quoted from a Forbes article:
'It's pretty clear how this piece of legislation got through. There was a non-partisan bill that was going through the Senate and this was tacked on the bottom of it which left any objectors caught between a rock and a hard place. 'They couldn't vote down a piece of national security legislation and their hands were forced,' one source with close links to a major UK-listed online gaming firm told AFX News.
By Peter Kaplan Mon Oct 2, 6:09 PM ET
WASHINGTON (Reuters) - The costs of policing a new U.S. Internet gambling ban for banks and credit card companies will be determined by regulators in the coming months, industry officials said on Monday.
Government officials are expected to propose a "coding-and-blocking" system that will identify and stop payment to online gambling sites, experts said. Many banks and credit card companies already voluntarily block Internet gambling transactions using such a system.
The Treasury Department and Federal Reserve Board have nine months to draft regulations after the new law, included in a package of port security measures passed by Congress on Friday and expected to be signed into law by President George W. Bush.
U.S. banks and credit card companies are optimistic that officials will prepare a workable system.
"If the Treasury (department) and Fed can come up with reasonable rules here, it shouldn't be that bad," said Oliver Ireland, a lawyer who works with several financial services payment providers, including Visa.
"The way they built (the new law), it gives us a chance to work with the regulators in a constructive way to come up with a system," said Greg Mesack, director of government relations for industry trade group America's Community Bankers.
British-based gaming companies such as Sportingbet (SBT.L), PartyGaming Plc (PRTY.L) and 888 Holdings Plc (888.L) said on Monday they would likely pull out of the U.S. market, their biggest source of revenue, and their stocks plunged.
Some banking industry officials had worried that the new law would make them responsible for blocking payments by check as well as credit card payments, a requirement they had said would be unworkable.
But those concerns were allayed when lawmakers agreed to a provision allowing the Treasury and the Fed to exempt checks from the requirement.
Experts said the system would not be fool-proof, but would bar the vast majority of bettors.
"I suspect some smart enterprising person out there will find a way to (get around) it. But for your average person who wants to get out there and bet on college football, you're not going to do it," said one lobbyist.
Ireland agreed. "I think this puts in place a broader blocking system that's going to be harder to get past for the Internet (gambling) sites," he said.
WASHINGTON (Reuters) - The costs of policing a new U.S. Internet gambling ban for banks and credit card companies will be determined by regulators in the coming months, industry officials said on Monday.
Government officials are expected to propose a "coding-and-blocking" system that will identify and stop payment to online gambling sites, experts said. Many banks and credit card companies already voluntarily block Internet gambling transactions using such a system.
The Treasury Department and Federal Reserve Board have nine months to draft regulations after the new law, included in a package of port security measures passed by Congress on Friday and expected to be signed into law by President George W. Bush.
U.S. banks and credit card companies are optimistic that officials will prepare a workable system.
"If the Treasury (department) and Fed can come up with reasonable rules here, it shouldn't be that bad," said Oliver Ireland, a lawyer who works with several financial services payment providers, including Visa.
"The way they built (the new law), it gives us a chance to work with the regulators in a constructive way to come up with a system," said Greg Mesack, director of government relations for industry trade group America's Community Bankers.
British-based gaming companies such as Sportingbet (SBT.L), PartyGaming Plc (PRTY.L) and 888 Holdings Plc (888.L) said on Monday they would likely pull out of the U.S. market, their biggest source of revenue, and their stocks plunged.
Some banking industry officials had worried that the new law would make them responsible for blocking payments by check as well as credit card payments, a requirement they had said would be unworkable.
But those concerns were allayed when lawmakers agreed to a provision allowing the Treasury and the Fed to exempt checks from the requirement.
Experts said the system would not be fool-proof, but would bar the vast majority of bettors.
"I suspect some smart enterprising person out there will find a way to (get around) it. But for your average person who wants to get out there and bet on college football, you're not going to do it," said one lobbyist.
Ireland agreed. "I think this puts in place a broader blocking system that's going to be harder to get past for the Internet (gambling) sites," he said.
