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Business week is delusional.
What everyione seems to be overlooking is that the affect we are seeing is not caused only by the facts in the bill alone.
But wouldnlt it be nice if they are right. I hope so.
The loss of all my players at Party, Partnerlogic and Playtech is WILDLY effective.
The effect of this bill on the stock values of companies in our industry is devastating. There has been literally hundreds of millions of dollars in market cap lost, I bet if you ask the share holders of those companies they would say the bill has been life changingly effective also…
At what point does Business Week think the bill will be effective, when the suicides start?
The legalities are meaningless right now. It doesn’t say that gambling is illegal, but who cares. It’s already made a huge impact. Just look at the London Stock exchange or the fact that PartyPoker PokerStars and others have already stated they are not accepting U.S. players anymore.
For affiliates the businesses we run may not be over, but will most certainly be changed.
BroadbandPoker.com is not going anywhere. Although we will be changing are business model over the coming days.
It actually will free us up more as far as advertising and other forms of marketing.
My main point is… poker affiliating as we know it in the U.S. is definitely over, atleast for the time being.
Bryan
Interesting Article.
To read between lines is the phrase of the congressman:He adds that the bill should prevent some of the annual $6 billion in online bets made by U.S. residents from “getting sucked out of our economy.”
I read in this forum that maybe the next moving is the online presence of the US land Gambling biz.
Who knows…
The point is that they (and others) think the bill will not be effective at stopping US players from gambling online. And I, for one, think they are right. Obviously it is effectively crushing the stock values of these publically traded companies, and completely f*&#ing with the industry at large, I’m not an idiot. I realize that.
I’m just saying, the affiliates and companies who stick it out are going to be majillionaires. Of course, the CEOs of those companies won’t be able to set foot in the US for awhile, but there is no way this bill is going to be law 5 years from now. IMO.
And frankly, I don’t think a thing has changed (legally) for US affiliates. If you thought you were completely in the clear before, you were delusional. If you think you are going to jail tomorrow, I also think you’re wrong.
I think the companies that panicked (and continue to panic) are making poor business decisions. We (the US) are trying to bluff the rest of the world with a 2-7 offsuit. And nobody is calling us.
Sucks.
Professor wrote:The loss of all my players at Party, Partnerlogic and Playtech is WILDLY effective.The effect of this bill on the stock values of companies in our industry is devastating. There has been literally hundreds of millions of dollars in market cap lost, I bet if you ask the share holders of those companies they would say the bill has been life changingly effective also…
At what point does Business Week think the bill will be effective, when the suicides start?
Yeah, Bush probably needs that $6 billion to finance more wars
SulkyGirl wrote:The point is that they (and others) think the bill will not be effective at stopping US players from gambling online. And I, for one, think they are right.Last I had heard numerous companies had already stated they would be cutting off USA players. Are you implying that they wont be doing that despite saying that will be?
Business week doesnt have a clue!
Doesnt matter if affilaites are safe, if all the programs are cutting and running and our profits are cut by 90%+ it doesnt really matter about legalities.
God help the affiliates as I dont want to lose any friends, but I can assure you many of us are gonna be hurting.
Last I had heard numerous companies had already stated they would be cutting off USA players. Are you implying that they wont be doing that despite saying that will be?
Business week doesnt have a clue!
No, I’m saying MOST of them cut and run. But not all of them. And the ones that are left will get ALL of the action. If there remains ONE casino to send US players to, then you won’t lose 90% of your business.
Look, everything is massively fracked up (note: BATTLESTAR GALACTICA IS AWESOME! Thank you for inventing swear words for me to use.) I’m not denying that. I’m just saying that people are reacting exactly the way they would have if, say, the wire act was updated. Which is wasn’t. Or if playing itself was criminalized. Which it wasn’t.
The reason things are going from bad to worse are because of the site’s (over)REACTIONS, not because of the facts.
Well as far as i read the bill and from what i read from Nelson Rose, i think this bill gives the states the right to allow in-state online gambling. There is a clause that basically says even if the bet data is routed out of state, if the better and bet taker are in the same state, acting legally, the routing doesn’t change jurisdiction.
From Nelson Rose
Nevada and other states are expressly permitted to authorize 100% intrastate gambling systems. Congress required that state law and regulations include blocking access to minors and persons outside the state.
Tribes were given the same rights, with the same restrictions. Two tribes can set up an Internet gaming system, if it is authorized by the Indian Gaming Regulatory Act. This means that tribes can operate bingo games linking bingo halls on reservations. They can also link progressive slot machines, if their tribal-state compacts allow. But they cannot operate Internet lotteries and other games open to the general public.
It is interesting that Congress decreed that states can decide for themselves if they want to have at-home betting on horseracing, but not on dogracing. Congress also decreed that tribes can operate games that link reservations, even across state lines, but not the states themselves: state lotteries are not exempt.
I think the business week article was pointing this out and that there may be online gaming, state by state. But that isn’t “The online gaming industry”, this industry is devasted.
Nevada has been ready to “turn on” online gambling as soon as the feds allow.
LandofOz wrote:Yeah, Bush probably needs that $6 billion to finance more warsYeah, they can just print money out of thin air for that – don’t you know. They already spend billions a month. Where does that money come from? The print it out of thin air – that’s where. And then they expect US to pay them back. Bastards.
The point is that they (and others) think the bill will not be effective at stopping US players from gambling online. And I, for one, think they are right. Obviously it is effectively crushing the stock values of these publically traded companies, and completely f*&#ing with the industry at large, I’m not an idiot. I realize that.
Well I agree that US players may continue to play online but that´s only half a victory. It´s no good if they will find shady avenues to keep playing but we can´t refer them anymore and the whole business will undergo a consolidation on a large scale. I can hardly remember that I´ve ever seen multi billion dollar companies getting wiped off the map like that.
Maybe the reappropriation of businesses by the state in former communist countries would compare.SulkyGirl wrote:The point is that they (and others) think the bill will not be effective at stopping US players from gambling online. And I, for one, think they are right. Obviously it is effectively crushing the stock values of these publically traded companies, and completely f*&#ing with the industry at large, I’m not an idiot. I realize that.I’m just saying, the affiliates and companies who stick it out are going to be majillionaires. Of course, the CEOs of those companies won’t be able to set foot in the US for awhile, but there is no way this bill is going to be law 5 years from now. IMO.
I agree.
Maybe I am too much of a novice to this industry, or maybe I see things more clear because I
1. Only earn pennies with my sites
2. Have no US playersTo all the affiliates selling for 1 month revenue: DON’t.
If you can use your site after all, good.
If you don’t, you only lost one month!!Ironically, it’s a gamble.
I guess – the Casinos who are not listed in the Stock Exchange or not Big enough can survive for another 6 Months at the Max – or until Netteller makes some announcements
