The sky is falling

Discussion in 'News & Announcements' started by KenSmith, Oct 2, 2006.

  1. TXtourplayer

    TXtourplayer Executive Member

    Open overseas bank account!

    Simple enough, why not open an over seas account and use that account for funding the online accounts?

    Reachy, Colin, or Andy could even start a new business funding players accounts (for a small fee of course).

    Seems like if I had a European bank account that would solve the problem. Now how easy will that be to get one?
  2. pokernut

    pokernut New Member

    Very easy just fly over and open one up, even the Canadian banks require you to open an account in person.
  3. AceDonovan

    AceDonovan Member

    Not the point

    Even if opening a foregin account will work, what good will it do?

    98% of the people won't do that. That means that you'll be logging on to a site that will have 10 people on it instead of thousands. The player pool will be virtually nothing since the majority of business comes from the US...and with that little business, the sites may not even continue to exist since there's not enough money for their overhead with that few players.
  4. pokernut

    pokernut New Member

    Sounds great if it is a guaranteed tourney otherwise the prize fund will not worth playing.
  5. BJFAN4

    BJFAN4 New Member


    "Meanwhile, the U.S. gambling industry is lobbying Washington to legalize on-line gambling and set up regulations to oversee and tax it, similar to how the industry operates in Britain and some other European and Asian jurisdictions."
    Like we did not see this one coming !

    As far as I know, Neteller will continue it's current practice to issue a cheque in your name to a non-US address. Canada is non-US also. So, what you Yanks need is a cooperative non-US friend. Also, funding of a non-US Neteller account can be done peer-to-peer. Right? :cool: :cool: :cool:
  6. TXtourplayer

    TXtourplayer Executive Member


    I tell you, you should open up a online funding company now...LOL

    Everybody send money to Reachy and he can fund you accounts...LOL

    How's this for a name: NetReachy or Reachyteller, I'll go in partners with you...LOL
  7. bahoozle

    bahoozle Member

    You just don't want to see George Michael arrested again!
  8. London Colin

    London Colin Top Member

    Doesn't the law target the institutions

    Obviously you are much closer to the facts than I am, but I had assumed they were going after the financial institutions and/or the online casinos themselves, not the individuals who make use of their services.

    Neteller is already a British company isn't it? So if the law were to prevent it from dealing with US customers, the same would be true for ReachyTeller, or ColinPal. :)

    I would anticpate that proof of indentity, such as that which Global requires, will become a much more prevalent stipulation. It wouldn't be enough simply to have a foreign bank account; both the casino and the operators of the account you use to fund it may want to be totally assured that you are not a US citizen.

    Incidentally, this story is all over the news headlines here today -
    Stocks falling ....
    Is it a genuine issue of right and wrong, or an attempt to block foreign competition? ....
    etc. etc.
  9. ANDY 956

    ANDY 956 Member

    Don't give up

    The proceeding posts stole my thunder for my reply on here when I was thinking about this on my way home from work.

    Colin was right when he said that this had been a major news item in the U.K.

    But I believe that Rick was on to something when he was looking at opening an overseas account (could this be a simple thing done over the net?).

    I believe that there is away around everything and some bright spark from the Poker/Blackjack community will already be figuring it out.

    As far has I am concerned, If the Americans can’t play, the Europeans will also be gone.

  10. Scorcho

    Scorcho New Member

    Just my luck.

    I've currently got $360 processing with GP, Let's just hope I actually see that money back, seeing as I cashed it out on Friday and have just been jumping through the hoops since. If I don't I will not be a very happy boy.
  11. pokernut

    pokernut New Member

    Funding is not the only restriction in this bill. It calls for ISP's to block hyperlinking. Wouldnt it follow that would mean the site's client software as well? I.e. you wont be able to play online because they will block your access to sites.
  12. pokernut

    pokernut New Member

    Only 19 voted against it:
    Alaska (D-HI)
    Bingaman (D-NM)
    Cantwell (D-WA)
    Chafee (R-RI)
    Durbin (D-IL)
    Feingold (D-WI)
    Inouye (D-HI)
    Jeffords (I-VT)
    Kerry (D-MA)
    Lautenberg (D-NJ)
    Leahy (D-VT)
    Levin (D-MI)
    Lieberman (D-CT)
    Menendez (D-NJ)
    Murray (D-WA)
    Reed (D-RI)
    Reid (D-NV)
    Salazar (D-CO)
    Sarbanes (D-MD)

    And Kennedy (D-MA) was probably drunk and didn't show up to vote.
  13. ANDY 956

    ANDY 956 Member

    Are we on the same side?

    Well the US authorities have finally pulled the plug on Internet gambling.

    Last year the British Government set out proposals and passed a new Gambling Act relaxing the rules on gaming.

    In 2007 online gambling sites will be able to advertise themselves fully on television.

    The irony of this would be laughable if it was not so sad for my American pals.

    Andy :mad:
  14. Monkeysystem

    Monkeysystem Top Member Staff Member


    Wouldn't it be ironic if the Republicans pushing this bill were being lobbied by the domestic casino industry, to pave the way for them moving into this market at a later date? Watch for a future move to regulate and tax a domestic industry, dominated by B&M casinos.

    Actually, it's probably just pandering.
  15. ANDY 956

    ANDY 956 Member

    Sneaky politics

    As I understand it from over here all parties would have voted in favour of the Port Security Bill.

    At the last minute an amendment was made to attach online gambling.

    Does that mean that the two issues could not be separated and if a vote was taken for one the other was also included?

    Seems dodgy to me.

  16. ptaylorcpa

    ptaylorcpa Member

    Probably more than a coincidence

    Was listening to NPR's financial news this morning and that was exactly the point being made by them. This bill prohibits offshore gambling sites, but there is no prohibition on setting up a US based site. I guess we will see soon enough what happens.
  17. bahoozle

    bahoozle Member

    That's US politics for you. Usually it's pork barrel (see if you're not familiar with the term) but sometimes we like to do things just to make life inconvenient.
  18. ANDY 956

    ANDY 956 Member

    There is nothing at all ironical about it.

    The US Government suddenly realised that they were out of the loop in a billion dollar Internet gaming industry that they were not profiting from.

    So they bring out legislation on the moral high ground that will crush the Internet casino industry (including British based companies).

    Of course the real plan is for the US to re-launch their own Internet casinos in the future so that they can become the dominant force and have control over them.

    I just wish that they would hurry it up so that we can all get playing again.

    Andy ;)
  19. PhillyPhlash

    PhillyPhlash New Member

    There need not be any additional prohibition on setting up a US based site.
    __The US Department of Justice already interprets the Interstate Wire Act of 1961 to mean that all online gambling is illegal; that is why the present online gambling sites are all offshore in the first place.
    __However, the U.S. Fifth Circuit Court of Appeals has ruled that the Wire Act applies only to sports betting and not other types of online gambling.
    __The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.

    Ref:Interstate Wire Act

    ptaylotcpa is correct, . . . "I guess we will see soon enough what happens."
  20. Rando21

    Rando21 New Member

    Its surprizing that "over there" this is big in US it is almost a non news spalsh...etc..

    I think it is a wrong assumption that the US will open up this market themselves...this is a moral majority issue. The ultra conservitives in power now have their hands in my pocket, my wifes womb, and they can now listen to my phone conversations with out court order, they actually give a $hit if gays are "married"...they dont care that a living ill person suffers with devestating alziheimers...but rather that combined cells in a dish "may" be life and so we ban stem cell research.

    My wife was born in Russia...she often wonders aloud how or why we call this the land of the free. I try to explain our history of long battles and lost lives in order to protect our freedoms..lately I silently wonder myself.

    Someone can actually tap my phone w/o review, I gotta take my shoes off to get on an airplane, I cant take my $20 damn dollar bill and play a game of internet Black Jack.

    Its very sad indeed to know and understand that this matter would have disappeared with a few well placed campaign donations. The internet gambling sites droped the ball and now they will dissappear...dont kid yourselves...if they US market goes away... so does the industry. Ive read that the market is 80 to 90 % US ....who can take that loss of revenue?

    So the Right cares about your internet dollars meanwhile they send your sons and daughters to fight for what was it again? To free the Iraq people from what???

    Chavez was exactly right about the monkey we have as a leader...He is the Devil...or at best he is a moron...hes President because we have this stupid thing where we think its cute that a father and son were both the Prez...I say... didnt you remember his father??? And it is sad now that even his father is ashamed. This would have been a one term Prez had it not been for Bin Laden...

    Meanwhile...Cheney rats out Valarie Pline ...treason in another time but that's somehow ignored...Cheneys company is raping the US Treasury for services in Iraq to the tune of billions...yes billions... but nothing happens...ever heard of Jack Abramhoff??? He worked closely with Bush and Cheney on Indian can hear about that on PBS this week...perhaps he could have helped Internet gambling....

    Its a sad time for our Great country...we are good people at one gives more...cares more...but occasionally we get a bad rap and we are getting a bad rap now and its all because we allowed a fool to sneak into office... and a sad unnecessary war kept him there....

    The Britts understand they have their own fool with his finger up Bushes behind...and now Tony will be gone...I will say that Blair is at least a decent human being...while Bush is merly an idiot, draft doging, C minus student...whos best gift to earth is that he helps to prove evolution as the missing link between Ape and Man.

    This is no longer the land of the free...we are more oppressed than at any time in history..this internet gambling issue is nothing in the big picture...just a symptom of the greater cancer that is attacking us now.

    I am an Independant...I dont have a political motive..other than to wonder exactly how a group that promotes life at inception can send my son to war to be killed..yet if he is lucky and returns he is very likley to have no health insurance. Medical research is better than ever and hopeful cures are near yet we have banned stem cell research because someones religon thinks these cells are life....but isnt the person with paraplegia or Allizhimers life too??

    Its a crazy world and getting, decide and VOTE dammit!

Share This Page