VIP SPORTS to cease operations with U.S. customers

Fishhead · Oct 10, 2006

Leisure & Gaming (VIP SPORTS) said on Tuesday it would block U.S. online gamblers after web gambling is banned there and that it was in talks to sell its U.S-focused business.

"It is the view of the board that following enactment of the legislation it will no longer be appropriate for the company to serve U.S.-based customers and that the company should focus solely on its existing UK and Italian businesses," it said.

Leisure & Gaming (LNG.L) said it was reviewing whether to suspend, close or sell its U.S. operations.

Brock Landers · Oct 10, 2006

how chicken shit are these guys? This place was a nice out too..

Fishhead · Oct 10, 2006

For anyone on this forum to suggest this new legislation will not effect U.S. citizens is totally absurd.

This bill, if signed by President Bush, will have a dramatic effect on offshore gaming for many and most UNITED STATES online gamblers in more ways than one.

1. Several offshore shops, such as those like VIP, will no longer be servicing U.S. customers.

2. Payment and depositing of funds will become more difficult and more of a hassle to the majority of U.S. customers.

Big10 · Oct 10, 2006

Doesn't this mean Nine would do the same?

ClipJoint · Oct 10, 2006

Big10 said:
Doesn't this mean Nine would do the same?

Yes.

jwblue · Oct 10, 2006

After this law is passed, it will be more difficult to get pot than it is to gamble. This law does nothing.

IS

ClipJoint · Oct 10, 2006

I am shocked how scared some of these books are. The publicly traded companies are the worst to bet with.

Brock Landers · Oct 10, 2006

Clip Joint said:
I am shocked how scared some of these books are. The publicly traded companies are the worst to bet with.

Can we get a list of who is publically traded and who isn't?

superstar · Oct 10, 2006

"solid"/"strong" operations will fight to the end..however i think that sb/casinos that are not a very good position will find this as a good excuse to simply close doors and keeping most of the player funds..

patswin · Oct 10, 2006

I still can't believe all the books and casinos that are closing US customers. Aren't we too big of a market to shut out? How are these places going to make it with so much less of a customer base?

passingthewind · Oct 10, 2006

Can we see a list of what books so far have closed their door to U.S. customers or will once the bill is signed.

Fishhead · Oct 10, 2006

patswin said:
I still can't believe all the books and casinos that are closing US customers. Aren't we too big of a market to shut out? How are these places going to make it with so much less of a customer base?

The Asian market is one of many other markets that is growing by leaps and bounds.

Fighting_Irishman · Oct 10, 2006

This is going to turn sportsbetting into the wild west. With no "BIG BOOKS" to play with a lot of squares are going to end up falling prey to these stupid mom and pop joints that are just going to end up stiffing them in the long run. I see danger on the horizon if the "BIG BOOKS" pull out of the US market because squares are going to splurge just trying to find a place to play............

Thanks Frist you just gave any crooks offshore a license to steal.......

FI

ucking:

patswin · Oct 10, 2006

I am reassured somewhat that most of the big A+ rated books have already said they are not going anywhere

Mr.Jones · Oct 10, 2006

Fighting_Irishman said:
This is going to turn sportsbetting into the wild west. With no "BIG BOOKS" to play with a lot of squares are going to end up falling prey to these stupid mom and pop joints that are just going to end up stiffing them in the long run. I see danger on the horizon if the "BIG BOOKS" pull out of the US market because squares are going to splurge just trying to find a place to play............

Thanks Frist you just gave any crooks offshore a license to steal.......

FI ucking:

I don't get the "BIG BOOKS" reference.
Should Pinny, Cris, WSEX, and The Greek pull the plug then I'll worry. My logic tells me those four in particular should thrive in the current climate.

SportSavant · Oct 10, 2006

is this the same book as betgameday?

Fishhead · Oct 10, 2006

SportSavant said:
is this the same book as betgameday?

Sister book, yes.

Mr.Jones · Oct 10, 2006

I should add that the above four I mentioned and a few others should begin to slowly corner the market. How can that make them anyting but stronger to put up a good fight.

Anybody not think so?

Give me those four and I really don't need any others.

Dante · Oct 10, 2006

patswin said:
I am reassured somewhat that most of the big A+ rated books have already said they are not going anywhere

I agree also here

I think if books like Pinny or OLY ever say they are pulling from US customers then its really over

Dante · Oct 10, 2006

Mr. Jones said:
I don't get the "BIG BOOKS" reference.
Should Pinny, Cris, WSEX, and The Greek pull the plug then I'll worry. My logic tells me those four in particular should thrive in the current climate.

very well said MR J but personally im not funding or gambling or betting anything for a few weeks after the bill gets signed ..I want to see what the true fallout is

VIP SPORTS to cease operations with U.S. customers

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