I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

#41
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

It is either going to be a multibook run payment system that banks somewhere outside the reach of the US government or it is going to be the banking lobby pushing some democrats to get this law thrown out.

Sean
Shrink, I look forward to the news!
 

dirty

EOG Master
#42
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Sean's post is generally in the right direction, but the road leading there may surprise some of you...

I sure hope this plays out the way I believe it will...

THE SHRINK


I hope so...Any good news would be welcome :cheers:cheers
 

sean1

EOG Dedicated
#43
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I know a lot of people in the banking industry and I've been hearing a lot of rumblings from banks being very unhappy. I was told they have spent an estimated $15 billion trying to figure out what to do with this law, monitoring payments, etc... That seems like a lot of money but really isnt when you are talking 100s of banks... It would not surprise me at all if the major banks hit up congress early this spring. It also would not totally surprise me if a huge bank (Citi, JP, GS, etc) simply decided to move offshore.... They've already got many of their funds offshore to avoid investment rules. Being centered in the USA is becoming more expensive every year. If you were a $200billion bank would you not move? There is not a huge advantage to being in the US anymore with the entire world internet based. A bank with a well known name would take a very small hit in credibility by moving and there are many many countries that would be happy to headquarter any of these companies.

If a couple banks and their taxes moved, you'd see some serious accomodating moves made by the government.

Sean
 
#44
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Sean -

Bank of American is/or is planning on giving BoA credit cards to illegal residents in the US. Illegal residents can work, obtain health insurance, driver's permits in California.

I hope you are right and the system allows US residents to send money to a legal (in the respective soverign nation) business enterprise.

It's pathetic that US citizens can use youbet for the ponies, but forget it when it comes to sports.

Appreciate the news Sean, and hope Shrink has the scoop.

:cheers
 

Horseshoe

EOG Senior Member
#45
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I've got a friend in Atlanta that is a manager of a restraunt chain, he's had a few illegals work there, one of which has been in the US less than two years, made a hair above minimum wage, yet has a Home Depot credit line, and has another credit card with a 10K limit..humorous.


As for the current state of sportsbetting industry affairs..

TVG, Youbet, and the US Horse Racing industry having carte blanche, also the benefits of video poker, and the ability of users betting via dish tv remote controls, is comically hypocritical.

Then again, so are casino ads behind homeplate of MLB baseball games, WNBA games played in casinos, etc..

Circle K donates millions to Jerry's Kids every year, made from peddling cigs to the soon cancer-ridden, booze to drunks, porn to pervs, candy and ice cream to the obese..yet the cops outside it's doors bust thugs dealing dope.

It's all the same shit(poison), just man has decided which and by whom this poison can be dealt..all for a piece of the action.

Well, the same goes for all forms of gambling, as most politicians are just mindless cronies that don't know squat about the vast majority of which they legislate, they are largely PAC and/or Partisan-puppeted hypocrites.

Hypocrites that make for laws, laws that make for what I'm sure are some conflicted Policemen, Fed Agents, Judges, etc..that must try to make sense of the hypocrisy, the confused state of the legal and moral ambiguity,etc..
 

Coach LT

EOG Enthusiast
#46
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I've got a friend in Atlanta that is a manager of a restraunt chain, he's had a few illegals work there, one of which has been in the US less than two years, made a hair above minimum wage, yet has a Home Depot credit line, and has another credit card with a 10K limit..humorous.


As for the current state of sportsbetting industry affairs..

TVG, Youbet, and the US Horse Racing industry having carte blanche, also the benefits of video poker, and the ability of users betting via dish tv remote controls, is comically hypocritical.

Then again, so are casino ads behind homeplate of MLB baseball games, WNBA games played in casinos, etc..

Circle K donates millions to Jerry's Kids every year, made from peddling cigs to the soon cancer-ridden, booze to drunks, porn to pervs, candy and ice cream to the obese..yet the cops outside it's doors bust thugs dealing dope.

It's all the same shit(poison), just man has decided which and by whom this poison can be dealt..all for a piece of the action.

Well, the same goes for all forms of gambling, as most politicians are just mindless cronies that don't know squat about the vast majority of which they legislate, they are largely PAC and/or Partisan-puppeted hypocrites.

Hypocrites that make for laws, laws that make for what I'm sure are some conflicted Policemen, Fed Agents, Judges, etc..that must try to make sense of the hypocrisy, the confused state of the legal and moral ambiguity,etc..



Great post, Horseshoe! The NUTTS would be if this BS law was throw in the toilet. OBTW, how bout them Gators! LT:party
 

sean1

EOG Dedicated
#47
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

It's gonna get real interesting when the fed res chair asks for more money for it and Barney Frank chairs the finance committee... We shall see what happens. Most likely nothing. Damage is done, but I doubt they will get more funding for it...
 

Bagiant

EOG Dedicated
#48
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Sean I don't think you have any idea what you're talking about. These banks aren't moving offshore in any way shape or form! They are very comfortable with the USA banking laws and aren't just ready to move offshore. For what purpose? To satisfy gamblers who may make up 1/1000 of their business>?
 
#51
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Is it true the the people behind Youteller is NETeller? I just read an article which said they had the same registration number in England.
LOL, I would hope not, but that would be a great item to verify...that would be the kiss of death for a start up company...neteller will be hard pressed to survive as it is, after mismanaging this US fiasco so terribly...

There's no US player with any sense that would go anywhere near anything associated with neteller...quite frankly, nobody in the world should ever use neteller for anything, but people will due to lack of alternatives & awareness of the situation...
 

sean1

EOG Dedicated
#52
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I would use neteller in a second, as a matter of fact, I am. I am not the minority...

Sean
 

ynot

EOG Dedicated
#53
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Banks are pretty much controlled by central banks, in our case the Federal Reserve. I don't think it would be that easy for a bank to relocate outside the country.
 
#54
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Barney Frank is on Bill Maher Real Time this friday I believe, but I doubt they'll be talking about Gambling.
 
#55
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I am at a conference that just wrapped up. Some big players in the industry basically said there is little hope for relief soon. Maybe we should play the contrarian and say they are right. However if we are to consider them experts nothing is going in the right direction now in the US. If anything there are a couple more dominoes to fall which is quite scary.
 

Ace

EOG Veteran
#56
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

shrink---it's the first of the month did i miss the news?
 

Woody

EOG Veteran
#58
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

...quite frankly, nobody in the world should ever use neteller for anything, but people will due to lack of alternatives & awareness of the situation...
I am aware of the situation and the alternatives and along with many millions continue to use NETeller.

I strongly suspect your view is coloured by the actions of the US government.
 
#59
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Yes, of course my view colored by the actions of the US govt...

However, my view is also colored by the complete utter incompetence & mismanagement of the situation by neteller also...the folks in charge of this company are complete idiots...

Let's see, they've lied for weeks about the situation...

They've stolen (allowed the US govt to freeze) funds of the US patrons...

They are in the process of handing over the personal & private transactional data for all US players after promising confidentiality...

Neteller HAD plenty of money and could have paid off the US players easily...a lousy 55 million is less than 2 months profits for neteller & is pocket change...

They are looking for a reason to stiff the US players and the US funds are bargaining chips for the release of the founders..if they were motivated to pay the US players, they easily could have long ago...

A small child could have managed this situation better than the Neteller braintrust has...

If you place a lot of trust in a company that lies through it's teeth, has confiscated money from & refused to pay it's own customers, & is in the process of violating its own confidentiality agreements, then knock yourself out...

These are the types of companies that I avoid like the plague, but to each his own...
 
#60
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

The GOOD news won't be released until the latter part of the month...
 
#61
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Sean's post is generally in the right direction, but the road leading there may surprise some of you...

I sure hope this plays out the way I believe it will...

THE SHRINK
shrink,
is it a "professional store with only 105 vig?
or is it that new improved, justaddyour- hardearned-cashtouteller?


bet smart
105:+clueless
 
#63
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

This thread is the Seinfeld TV show.

Seinfeld was a show about nothing.

This thread is a thread about the same nothing.

Tune in again next month!

:+excited-
 
#65
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Nothing from nothing leaves nothing, ya gotta have something if you want to be with me......la la la la.
 
#66
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Its good news, but it isn't we all win the lottery material! Just be patient, good developments are worth waiting for.
 
#67
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I BELIEVE!
Now I see said the blind man!
Keep the faith Baby!

My favorite one liner from all this stuff--not sure which thread it was in came from THE General.
He expressed it best when he said something like; The US Gov. is not exactly Like Gunsmoke and Matt Dillon.
 
#68
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

well, Gambling911 is reporting more warrents for arrests will be announced tomorrow.....is that what we're talking about?

Just how late in the month are we talking????
 

Woody

EOG Veteran
#71
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

I am aware of the situation and the alternatives and along with many millions continue to use NETeller.
By the way, I'm going to stop using NETeller by next month.

This decision is due more to the US DOJ than NETeller.
 

FatBrain

EOG Enthusiast
#72
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Who are you going to start using Woody ... or if you already use other transfer methods is it places like Mbookers ... webmoney etc...?
 

dirty

EOG Master
#77
Re: I Believe This Industry Will Finally Be Hearing Some Good News Next Month...

Thanks for thinking....But that has been Mentioned days ago
 
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