Gynecologist,
When all the shit and smoke settles you're still going to be able to wager. Ther larger private books aren't going to fold and say no to an over $6 billion a year market. Along with maybe the WTOC getting involved, etc. The costs for the banks alone to police this will be ridiculous. etc. etc. etc.
There's always much smarter people out there than the politicians who will come up with new and perhaps better ways to deposit/withdrawl and wager.
I'm sure you've read and understand quite a few posts from some intelligent and informed individuals on this site. We'll all still be alive and gambling a year from now.
Worst case scenerio is that every once in a while we have to do down to Mexico and make a money transfer or received a withdrawl there. Or just set up an account with Caliente. A Mexican Sportsbook opened by an American which has over 25 locations including a sportsbook in T.J. (Added bonus would be the donkey show after hitting a big play!) haha
:toast:
When all the shit and smoke settles you're still going to be able to wager. Ther larger private books aren't going to fold and say no to an over $6 billion a year market. Along with maybe the WTOC getting involved, etc. The costs for the banks alone to police this will be ridiculous. etc. etc. etc.
There's always much smarter people out there than the politicians who will come up with new and perhaps better ways to deposit/withdrawl and wager.
I'm sure you've read and understand quite a few posts from some intelligent and informed individuals on this site. We'll all still be alive and gambling a year from now.
Worst case scenerio is that every once in a while we have to do down to Mexico and make a money transfer or received a withdrawl there. Or just set up an account with Caliente. A Mexican Sportsbook opened by an American which has over 25 locations including a sportsbook in T.J. (Added bonus would be the donkey show after hitting a big play!) haha
:toast:
News Item #1
Google vs. The United States of America
Google refuses to censor content. Feds maintain that google is providing links to sites that are violating this new law.
News Item #2
Rep Bob Goodlatte (R-VA) introduced new legistlation today making it illegal for US citizens to use a proxy server located outside the Untied States. "Terrorist and Criminals use these proxy servers to hide their identity... this must stop."
News Item #3
Former Senator Bill Frist pleaded guilty today to bribery charges and insider trading.
News Item #4
Phone calls to BoS reveal that customers on the 5th payment list will be paid in 90 days. Customers on list 1 through 4 will be notified when the lost checks that were mailed last month are found.
Google vs. The United States of America
Google refuses to censor content. Feds maintain that google is providing links to sites that are violating this new law.
News Item #2
Rep Bob Goodlatte (R-VA) introduced new legistlation today making it illegal for US citizens to use a proxy server located outside the Untied States. "Terrorist and Criminals use these proxy servers to hide their identity... this must stop."
News Item #3
Former Senator Bill Frist pleaded guilty today to bribery charges and insider trading.
News Item #4
Phone calls to BoS reveal that customers on the 5th payment list will be paid in 90 days. Customers on list 1 through 4 will be notified when the lost checks that were mailed last month are found.
gynecologist said:
I think that's the trick--we can't really get details on the future of online gaming, both immediate and short term. IMO this lack of certainty is fueling the anxiety more than anything specific that's happened.
Here's my prediction--one year from now we'll have essentially as many offshore outs as we do now. Some books may fold or leave the market, while others will open and enter the market. Neteller will either be business as usual and still be the primary conduit for money back and forth. Or they won't, in which case other companies and methods will take their place.
Basically, it'll be the same thing that happens in this industry every year. There may be some additional short term volatility, but the bottom line remains that the US market is a gold mine for sportsbooks/casinos/poker rooms and that individuals and companies will find a way to serve it.
Long term, its even harder to say but I'd suggest if anything the offshore betting industry will become larger and our options as players--even in the US--more plentiful. Eventually the politicians will find something else to get worked up about, or else they'll figure out they might as well get their fingers in the pie. I'm not sure of a specific scenario or a timeline, but as long as the market is there--and I'd strongly suggest that it always has been and always will be--someone will find a way to serve it.
I heard an interesting scenario on Bloomberg or CNBC or one of the other business type media outlets. Some guy was suggesting that a US land based casino company might buy up one of the UK based publicly traded outfits while they could be had at distressed prices. If they kept out US gamblers, in this guy's opinion, they could make it work from a regulatory standpoint and they'd beat the competition to the punch in terms of the online industry which will clearly be a significant revenue source in the future.
The guy stopped there, but it got me thinking--say this scenario transpired and one of the big US casino companies bought an outfit like Party Poker. They'd initially market it to Europe, Asia and elsewhere but what do you think would happen when they saw just how profitable it is? My guess is that they'd start trying to work something out to facilitate serving the US market. I don't think that anyone buys the theory that online gambling "competes" with offline gambling anymore--Las Vegas, in particular, is going to be a prime destination regardless. But why wouldn't a big outfit like Harrah's or Las Vegas Sands want to get a piece of the multi-billion dollar online market? It would be a huge revenue stream for them, and one without the overhead of building and running "brick and mortar" casinos. The potential for cross promotion is also obvious, and were they able to pull it off legally their brand recognition would be damn near impossible for the offshore places to compete with. Given a choice between betting with a Costa Rica based book and, say, the MGM Grand Online I'm pretty sure most people would choose the Nevada based company that they're familar with.
Anyway, that's just some long term speculation.....
uppy:When there is a will there is a way. It has been years since you could use a credit card to fund an offshore account. The alternative is third party intermediaries and I don't think you can ever stop it.
I liken it to marijuana. If you want it, you can get it, no problem.
I liken it to marijuana. If you want it, you can get it, no problem.
Kenny B said:
I'd liken it more to Cuban cigars than pot....whether or not it should be, pot is illegal and if I'm walking down the street smoking a doobie I'll likely get arrested. If I'm smoking a fat Cohiba or a more subtle Quay D'Orsay and pass a cop he'll nod and tell me "good evening".
Though I don't keep Cubans in my humidor--their quality is inconsistant and there's a lot better options from "legal" countries for the price--if I wanted some Cubans I could have them within the hour. If I wanted a better selection in might take 24 hours. There are shops all over the world that will take my credit card, box up some Cubans and FedEx them right to the door. There are Internet auction sites where Cubans are bought and sold daily...keep in mind that I live in a medium sized town in South Carolina: were I in a bigger city it would be even easier.
quote=da1prophet]I think that's the trick--we can't really get details on the future of online gaming, both immediate and short term. IMO this lack of certainty is fueling the anxiety more than anything specific that's happened.
Here's my prediction--one year from now we'll have essentially as many offshore outs as we do now. Some books may fold or leave the market, while others will open and enter the market. Neteller will either be business as usual and still be the primary conduit for money back and forth. Or they won't, in which case other companies and methods will take their place.
Basically, it'll be the same thing that happens in this industry every year. There may be some additional short term volatility, but the bottom line remains that the US market is a gold mine for sportsbooks/casinos/poker rooms and that individuals and companies will find a way to serve it.
Long term, its even harder to say but I'd suggest if anything the offshore betting industry will become larger and our options as players--even in the US--more plentiful. Eventually the politicians will find something else to get worked up about, or else they'll figure out they might as well get their fingers in the pie. I'm not sure of a specific scenario or a timeline, but as long as the market is there--and I'd strongly suggest that it always has been and always will be--someone will find a way to serve it.
I heard an interesting scenario on Bloomberg or CNBC or one of the other business type media outlets. Some guy was suggesting that a US land based casino company might buy up one of the UK based publicly traded outfits while they could be had at distressed prices. If they kept out US gamblers, in this guy's opinion, they could make it work from a regulatory standpoint and they'd beat the competition to the punch in terms of the online industry which will clearly be a significant revenue source in the future.
The guy stopped there, but it got me thinking--say this scenario transpired and one of the big US casino companies bought an outfit like Party Poker. They'd initially market it to Europe, Asia and elsewhere but what do you think would happen when they saw just how profitable it is? My guess is that they'd start trying to work something out to facilitate serving the US market. I don't think that anyone buys the theory that online gambling "competes" with offline gambling anymore--Las Vegas, in particular, is going to be a prime destination regardless. But why wouldn't a big outfit like Harrah's or Las Vegas Sands want to get a piece of the multi-billion dollar online market? It would be a huge revenue stream for them, and one without the overhead of building and running "brick and mortar" casinos. The potential for cross promotion is also obvious, and were they able to pull it off legally their brand recognition would be damn near impossible for the offshore places to compete with. Given a choice between betting with a Costa Rica based book and, say, the MGM Grand Online I'm pretty sure most people would choose the Nevada based company that they're familar with.
Anyway, that's just some long term speculation.....[/quote]
Excellent post.Excellent. Could not agree more with your analysis.
I think patience and dilligence is the key for the bettor at this point. Let things stabalize a bit and we will have a clearer picture. As da1prophet stated, money drives everthing. And I'm way too cynical these days to think any politician would put "values" ahead of cash. Just because there is a law in place doesn't mean it can be policed 24/7. Banks already have an out regarding penalties. Too many things on their plate now, imo. A blind eye is turned to many laws. Hell I could get a dimebag within a 1/2 hour if I wanted. Little risk. Where there's a will there's a way. And there's definately a will...
:money8:
Here's my prediction--one year from now we'll have essentially as many offshore outs as we do now. Some books may fold or leave the market, while others will open and enter the market. Neteller will either be business as usual and still be the primary conduit for money back and forth. Or they won't, in which case other companies and methods will take their place.
Basically, it'll be the same thing that happens in this industry every year. There may be some additional short term volatility, but the bottom line remains that the US market is a gold mine for sportsbooks/casinos/poker rooms and that individuals and companies will find a way to serve it.
Long term, its even harder to say but I'd suggest if anything the offshore betting industry will become larger and our options as players--even in the US--more plentiful. Eventually the politicians will find something else to get worked up about, or else they'll figure out they might as well get their fingers in the pie. I'm not sure of a specific scenario or a timeline, but as long as the market is there--and I'd strongly suggest that it always has been and always will be--someone will find a way to serve it.
I heard an interesting scenario on Bloomberg or CNBC or one of the other business type media outlets. Some guy was suggesting that a US land based casino company might buy up one of the UK based publicly traded outfits while they could be had at distressed prices. If they kept out US gamblers, in this guy's opinion, they could make it work from a regulatory standpoint and they'd beat the competition to the punch in terms of the online industry which will clearly be a significant revenue source in the future.
The guy stopped there, but it got me thinking--say this scenario transpired and one of the big US casino companies bought an outfit like Party Poker. They'd initially market it to Europe, Asia and elsewhere but what do you think would happen when they saw just how profitable it is? My guess is that they'd start trying to work something out to facilitate serving the US market. I don't think that anyone buys the theory that online gambling "competes" with offline gambling anymore--Las Vegas, in particular, is going to be a prime destination regardless. But why wouldn't a big outfit like Harrah's or Las Vegas Sands want to get a piece of the multi-billion dollar online market? It would be a huge revenue stream for them, and one without the overhead of building and running "brick and mortar" casinos. The potential for cross promotion is also obvious, and were they able to pull it off legally their brand recognition would be damn near impossible for the offshore places to compete with. Given a choice between betting with a Costa Rica based book and, say, the MGM Grand Online I'm pretty sure most people would choose the Nevada based company that they're familar with.
Anyway, that's just some long term speculation.....[/quote]
Excellent post.Excellent. Could not agree more with your analysis.
I think patience and dilligence is the key for the bettor at this point. Let things stabalize a bit and we will have a clearer picture. As da1prophet stated, money drives everthing. And I'm way too cynical these days to think any politician would put "values" ahead of cash. Just because there is a law in place doesn't mean it can be policed 24/7. Banks already have an out regarding penalties. Too many things on their plate now, imo. A blind eye is turned to many laws. Hell I could get a dimebag within a 1/2 hour if I wanted. Little risk. Where there's a will there's a way. And there's definately a will...
:money8:
