Has the "truth" ever come out as to why Pinny pulled out of the USA so quickly without even a fight? Once they closed their doors to the USA, couldn't they have reopened under a different name with the same type shop? Just doesn't seem right that they would close up shop without some sort of resistance.
one of the owners, a silent partner, lives in the US with his family and owns a publicly traded financial/legal business in the US that I'm sure makes more than what he earns from pinny.... I'm not talking about BW, he has nothing to do with them of course contrary to rumors. At least that's what I was told from somebody who definately would know
I've wondered the same thing myself for quite some time. I've never figured out how the worlds largest and probably most respected sportsbook would bend over and take it in the ass from the US and give up 2/3 of their customers. Here you had a sportsbook that did what they wanted to, when they wanted to do it and how they wanted to do it and they folded like a house of cards when the US leaned on them. Unbelievable.
It didn't surprise me at all when the British books stopped taking US customers because Tony Blair was Bush's lap dog for quite some time and the British aren't exactly the most stand up people you'll ever meet.
The United States has absolutely no authority over any offshore book and how they do business or who they do business with. This country likes to push everyone around and when certain people or groups of people push back, the US wonders why. We're the world's 800 pound gorilla and this country thinks it can do whatever the hell it wants. The events of 9/11 were 95% the fault of the United States government. When you shove, sometimes people shove right back at you.
It didn't surprise me at all when the British books stopped taking US customers because Tony Blair was Bush's lap dog for quite some time and the British aren't exactly the most stand up people you'll ever meet.
The United States has absolutely no authority over any offshore book and how they do business or who they do business with. This country likes to push everyone around and when certain people or groups of people push back, the US wonders why. We're the world's 800 pound gorilla and this country thinks it can do whatever the hell it wants. The events of 9/11 were 95% the fault of the United States government. When you shove, sometimes people shove right back at you.
If the owner is indeed high up on a large corporation, he may well have friends that could solve his "problem".
Say he was on management at Coke or GE or something Fidelity of a big hedge fund and makes $10s or $100s of millions annually or in stock shares. Even better would be running a large bank where the feds sure as hell would not want news out that he ran pinnacle and say CItibank...
Anyways, it is not that far fetched that when the law passed, he worked out a fine thought "connections" with the DOJ and an agreement to leave the US.
Say he was on management at Coke or GE or something Fidelity of a big hedge fund and makes $10s or $100s of millions annually or in stock shares. Even better would be running a large bank where the feds sure as hell would not want news out that he ran pinnacle and say CItibank...
Anyways, it is not that far fetched that when the law passed, he worked out a fine thought "connections" with the DOJ and an agreement to leave the US.
Nothing at all. At one time, they were very close to being bought out and a condition of it was to leave the US market. The deal fell through for whatever reason. Also, there not as many, but they still have agents here and there for sure. They only really left the post up side of the buisness in the big picture and to a degree scaled back there credit shop/agent side stuff.
I'm still disgusted at the way the British books, and Pinnacle pulled out of the U.S. market. WWTS is another I was surprised by. Who knows, maybe we're paying them all millions under the table just to stay out.
At this point, I can't remember what even happened to the couple of execs. who got arrested while traveling in the U.S.. I remember them being detained for a period of time, but are any of them currently serving jail time or did they just have to pay big fines?
At this point, I can't remember what even happened to the couple of execs. who got arrested while traveling in the U.S.. I remember them being detained for a period of time, but are any of them currently serving jail time or did they just have to pay big fines?
hno:
