We shall overcome

Personally, I have no intention of changing anything. I will find a way. Like somebody posted, your average lab rat could outsmart the inbred imbeciles in Washington.

The problem I see right now and I cant stop it, is executives at some companies who are concerned about keeping themselves out of jail and therefore want to discontinue any US business. Some places I would like to have accounts at, I cant.

Is Partypoker a public company? If so the shareholders just absolutely RIOT and dump management. It makes sense for some small sportsbooks or other entities affected to dump USA accounts if it is a small or very small amount of their business.

But those who get most business from USA should absolutely say " Business as usual". Obviosly management at such firms cannot fly to or thru USA for any reason.

Publicly traded firms that get most business from USA need to replace management if current mgmt wants to shut down. Obviously that is a self serving preservation "sleep easy" at night move for mgmt, but just a horrific train wreck of a decision for the company and shareholders.

Mr. Smith said:

Is Partypoker a public company? If so the shareholders just absolutely RIOT and dump management. It makes sense for some small sportsbooks or other entities affected to dump USA accounts if it is a small or very small amount of their business.

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Yep...their symbol is PRTY on the London Stock Exchange...

A lot of what you saw yesterday was a dog and pony show to minimize the inevitable hit to their stock valuation to whatever extent they could. I also think the quick announcement by PRTY and some of the other outfits might reflect an ulterior motive--quickly mobilizing a few million pissed of American poker players.

In any case, I'm not so sure that we've seen the last of the UK public gaming companies here in the US but in the short term they need to do what they need to do to protect their share prices. It's a lot easier for a privately held firm to extend the middle finger to the US government, but a company with responsibilities to their shareholders needs to consider their actions more carefully. By immediately pulling out of the US markets they look proactive in dealing with the changes in their industry, and they can sit back and assess the situation going forward knowing that their stock valuation should remain stable (since they already took the big hit).

Long term I can't imagine that they're going to write off a lucrative market like the US without examining every possible contingency that might allow them to tap it...

party poker for instance, you can be sure top management is making very fine salaries. ( where do they live, London area?) anyway, wherever it is, top mgmt drives beautiful cars. they live in expensive houses. have a wife 2-3 kids and live the good life.

what makes them piss their pants? put yourself in their shoes. USA has been arresting execs when no real law remotely allowed it. now that their is a law clarifying US govt position that they consider these companies illegal, these exes are likely worried they will end up in JAIL.

no more nice car, nice wife, nice home, family life, good restaurants, soccer practices for the kids in nice neighborhoods, etc. Say hello to new roomate Bubba in a US federal prison for 25 years.

Im sure these execs are worried to the point that that could happen even if they dont visit USA. what if they are extradited? they simply do not want to take ANY chance of USA nabbing them somehow and going to prison. they want to sleep easy.

for an owner of a small, private operation, that makes sense and its their decision to make.

for a public company, they need to find new mgmt with balls and of course, that mgmt can never visit the USA.

Party Poker is making a huge mistake the likes of which I have never seen a business make.......

Mr. Smith said:

Party Poker is making a huge mistake the likes of which I have never seen a business make.......

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Basically its "CYA" time for all of these companies.....still, I think they must have something up their sleeve: Even with the pending regulation its strange that a company would write off 80%+ of their business--the estimates I've read on Party's US client base--so quickly. Either they've got some kind of strategy or, as you suggest, they completely lack balls. If they've got a plan I'll give them the benefit of the doubt for now...if they're going to cut off 80% of their paying customers then I'm in completely agreement with you about the stupidity of this move...

I had $17 in my PartyPoker acct last night, tried to cash out, but they have a $50 min cashout.

So I played $1-2 limit and won $70 in about an hour and cashedout arty: uppy:


I got some seriously good cards.