Pinny-Reading between the Lines

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It is a little strange to GoGo that Pinny would shut down several weeks shy of the single biggest wagering event all year. To have done this there must have been some significant threat from the US government. Quite sure the Government knows of the respect in the industry that Pinny garners so by shutting them down they are sending the clearest message possible to the industry that they mean business. To do this prior to the Super Bowl gives the government the greatest impact with their statement.

Now the question begs why would Pinny be scared of the US when they have no jurisdiction. As we all know there is quite alot of mystery that has surrounded the Pinny organization over the years in terms of who runs the place, how they can offer such reduced vig...etc. Consider over the past year that there have been several large US based bookmaking rings shut down. One has to assume that alot of information not made public has come out of these busts as those busted try to ligthen their sentences by providing information to the Government. GoGo's guess is some of that information has in some way shown the spotlight on Pinny in that they may have ties to certain people and/or are engaging in certain activities not viewed as positive by the Government. So obviously they have Pinny by the balls in some way.

A sad day indeed and believe strongly this is only the tip of the iceberg.
 

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I think you're right GoGo...

Whatever Federal agents are working on this issue have certainly done enough homework to know how important Pinny is, and know how important this timing is.

They're probably reading this email right now....so to them, I say "f*ck you!"
 

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So much for the theory that being low key would immunize Pinnacle against the jack booters in the US governemnt.
 

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So you think their "credit" business lead to this; rather than not being able to find enough US banks as was reported across the street in an interview?
 

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GoGoBird said:
Now the question begs why would Pinny be scared of the US when they have no jurisdiction............. GoGo's guess is some of that information has in some way shown the spotlight on Pinny in that they may have ties to certain people and/or are engaging in certain activities not viewed as positive by the Government. So obviously they have Pinny by the balls in some way.

Pinnacle runs a huge credit business as well. They have (or had) a lot of credit packages and a lot agents running around in the U.S. They weren't just post-up.
 

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GoGo, great article....The reason is actually simple. According to information gained at another site, one of the owners of Pinnacle actually lives in the US. The government may have gotten to him, because, and again, according to another site, it was stated that Pinnacle gets 40% of its business from Europe and Asia and he didn't want any hassles with the US government, so the decision was made to drop the US service.

So it would appear that what needs to be done is that we must deal with a company that has no US ties. One suggestion, and I certainly hope I'm not stepping on anyone's toes here, might be a company like CanBet, which is a publicly traded company in Australia. That means no one owns the company and thus everything should work.

Next, another company might be The Greek, which is also known as Olympic. I got an email from them today stating that everything was OK and it was business as usual.

I am sure there are many other good companies, although Pinnacle was a huge loss to the locals he in this so called FREE country.

I am also sure there are thousands of people on sites just like the RX and with all the energy that is available, it will only be a short time before another avenue is found. Remember, necessity is the mother of inventiion.

I've even considering purchasing a property in Canada. Then I would have a Canadian address and could use my credit cards to send money overseas.

If anyone else has ideas, now is the time to start brain-storming....

GLTA,
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I don't think it's a big secret who "Henry" really is. Certainly the US Gov't knows. Maybe they recently put their finger on him. Dude is already rich beyond imagination. Why risk it? Pinny was the biggest so I think they may have assumed they'd be amongst the first the Government goes after.

Sounds like he just didn't want to del with the potential hassles. Would have done the same myself.
 

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EagleEye said:
So it would appear that what needs to be done is that we must deal with a company that has no US ties. One suggestion, and I certainly hope I'm not stepping on anyone's toes here, might be a company like CanBet, which is a publicly traded company in Australia. That means no one owns the company and thus everything should work.

Next, another company might be The Greek, which is also known as Olympic. I got an email from them today stating that everything was OK and it was business as usual.

We've already been through the publicly traded companies with WWTS, BOS, etc. They are the first ones to fold.

As far as letters from books trying to sooth and comfort their customers, you have to realize that they will continue to say that "it's business as usual" until literally the last second. Then, when they close it's not business as usual. It's like flicking a light switch. These books don't shut down gradually in stages. They're here one day, gone the next.
 

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Anit-Liberal.....good points....this is exactly what we need, a good brain-storming forum to help come up with some ideas.....

Thanks for the input

GL,
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If the owner of Pinnacle lives in the United States he is a fucking moron.

There are many beautiful beaches in nice climates outside the US.

If you had a multi billion dollar business that the US frowned upon, would you not pick up and move?

Sean
 

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So I am getting a strong feeling from reading this thread--that is was the Gov. and they DID know "Henry". This makes more sense to me now than what I read about they were running out of banks to do business with as reported across the street, interview. (One of Pinny's owners living in the US?) I would say a classic case of 1 + 1 = 2.
 

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EagleEye said:
.this is exactly what we need, a good brain-storming forum to help come up with some ideas....

Well, if you want some ideas, here goes....

Take down any excess balances you have in offshore books. Keep only what you need in there. If you use Neteller, move money through there quickly, because they could pull the plug literally at any moment.

If you're a pro, get ready for some big changes...you MAY have to relocate to a foreign country. The good news is that it can be a country of your choice.

If you gamble on sports recreationally, you'll still have ways locally to get something down. If not, maybe it's time to consider a new hobby or form of entertainment.
 

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Some very good comments there, that really make us think about things. I've had, and am currently having, run-ins with the Feds over white-collar crimes. I can definitely see them forcing the hand of Pinny.
 

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Some very sound advice in here. Personally have money tied up in WSEX, CRIS, Bodog, and Greek. GoGo wil quietly skim some money down in those accounts leading up to the SB to be safe. Since GoGo doesn't wager too much outside of football this should be fine. Have alot invested with Pinny on this weekends games but confident that money will be available come Monday.

To pull out this close to the SB really has all earmarks of US threats despite what the owner said across the street. It is the perfect statement for the US in this offshore battle. GoGo has other ideas as to what the US has on Pinny but not ready to express those.
 

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thejdog said:
I don't think it's a big secret who "Henry" really is. Certainly the US Gov't knows. Maybe they recently put their finger on him. Dude is already rich beyond imagination. Why risk it? Pinny was the biggest so I think they may have assumed they'd be amongst the first the Government goes after.

Sounds like he just didn't want to del with the potential hassles. Would have done the same myself.
I agree
 

MrJ

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might be a company like CanBet, which is a publicly traded company in Australia

Has been a british operation for a while now.

If the owner of Pinnacle lives in the United States he is a fucking moron.

Not if he had some elaborately hidden identity. Maybe he didn't want to move away from family and friends, no matter how much he'd be giving up (ie 60% of his business).
 

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If you are worth $1b+ you move your family and friends... Friend doesnt want to move, buy them a $5m house on the beach.

If his identity was picked up and he is in the US, he would be arrested today just like yesterday...

Sean
 

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no one thinks the guy is worth 1B. Where do you get that from? Maybe he's worth 1/10th of that.
 

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