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Reply To: Treasury/FED delay Internet Gambling ban 6 months

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#806270
Anonymous
Inactive

@LandofOz 213183 wrote:

It’s great to get people’s different ideas and perspectives, and try to work out which way things are headed. So why would 2 foreign online casino companies voluntarily exit the US market, and give millions of dollars to the DOJ if they think that they’ll be locked out of the US market once online gambling becomes regulated in the US?

I really think that these foreign companies were deathly afraid of Bush and the DOJ, and they felt that to preserve their share price long-term, it was in their best interest at the time, to pay a fine and move on (millions of dollars is like pennies to us). Had they not left the US, and the US and DOJ pressed them legally, this could have taken an even bigger hit on their share prices. I think their actions were a long-term view of the situation. Just IMO.