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Reply To: Hold Your Horses – This panic isn’t helping anyone!!!

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#708950
Anonymous
Inactive
pearlgaming wrote:
Panicking is certainly not going to help, as far as I understood it, it will still take 270 days before the payment processors will have to have the system in place to block US based payments gambling sites.

That seems to be the case, but the minute the president signs the bill, it becomes law. This is the reason that the big public companies have all stated that when it’s signed, they’ll respect the law.

The enforcement part comes later, but still be aware that the transfer is one of the key items.

My comforting thought is that many people who are casual gamblers will be turned off by this and not really care one way or the other, however, the bigger players out there will be irate and will possibly look for alternate means of funding their accounts. With the % of revenue that comes from dedicated players, this may not affect the overall revenues THAT much, but I may be full of it.

I think Allen has sort of verbalized one set of feelings I have on the matter, but at the same time, we’re pioneering new ground in this industry every step. Who knows where it will ultimately lead. Take a look at Italy – they just announced that they will accept gaming companies officially (for a small %). Who’s to say that other countries don’t follow suit?