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DOJ still targeting online gaming sites DOJ still targeting online gaming sites

08-27-2011 , 02:09 AM
I'll say what everyone already knows. Anyone still playing online poker in the US with any money they can't afford to lose deserves to lose it.
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08-27-2011 , 02:30 AM
Quote:
Originally Posted by ScreaminAsian
id rather harry reid and jon kyl succeed, and bills like correa sb40 fail, yeah.
What is correa sb40?
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08-27-2011 , 02:49 AM
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Originally Posted by Jarretman
I'll say what everyone already knows. Anyone still playing online poker in the US with any money they can't afford to lose deserves to lose it.
I'd be surprised if sites still serving US customers were to make the same mistakes FTP/UB did. No CEO wants to be anything like Howard Letterer right now. Plus, all these sites just had a massive cash infusion like none they had ever seen (pretty much the opposite of FTPs problems). I wont go as far as to say I feel money is super safe, but the risk involved is less imo
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08-27-2011 , 03:30 AM
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Originally Posted by NCSU07
I'd be surprised if sites still serving US customers were to make the same mistakes FTP/UB did. No CEO wants to be anything like Howard Letterer right now. Plus, all these sites just had a massive cash infusion like none they had ever seen (pretty much the opposite of FTPs problems). I wont go as far as to say I feel money is super safe, but the risk involved is less imo
These sites are almost completely US traffic sites, if the DOJ comes after them their business is done, they have no other market to fall back on. Effectively meaning it really does'nt matter if they look good or not, believing that they are segregating money because they don't want to look bad is weak.
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08-27-2011 , 04:22 AM
Quote:
Originally Posted by NCSU07
I'd be surprised if sites still serving US customers were to make the same mistakes FTP/UB did. No CEO wants to be anything like Howard Letterer right now. Plus, all these sites just had a massive cash infusion like none they had ever seen (pretty much the opposite of FTPs problems). I wont go as far as to say I feel money is super safe, but the risk involved is less imo
What mistake did FT/UB make?
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08-27-2011 , 04:36 AM
Quote:
Originally Posted by PhigNootin
What is correa sb40?
http://forumserver.twoplustwo.com/57...lties-1064128/
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08-27-2011 , 07:39 AM
Quote:
Originally Posted by Stake Monster
2-3 skins from Merge have already confirmed that player funds are segregated... so, personally, I am not worried about them.
These funds are not segregated! Maybe separated but not segregated in the legal sense

There's a huge difference between Stars being required by Isle of Man GC to hold players funds in trust (i.e bank account in name of 'Players care of Pokerstars') and Lock telling you the players funds aren't in the same bank account as the marketing budget.

The deposits still remain in a bank account in Lock's name and are therefore subject to DoJ seizure if they were to be indicted.
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08-27-2011 , 09:06 AM
Unless you are willing to name the sites they are targeting, other than Sportsbook.com you are really not helping anyone with your post and it just looks like more fear-mongering.

Let me remind you that unlike FTP, PS, UB/AP, that Merge, Yatahay, Cake and Everleaf are all networks, not single stand-alone sites. Do they really expect us to believe they will indict owners from over 500 poker sites??
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08-27-2011 , 09:13 AM
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Originally Posted by sluggger5x
If this is phony you have done a good job op. I am intrigued. Let's let this thread develop into something here first.
Well said.
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08-27-2011 , 09:20 AM
Wow your brother says they are close to regulation, who cares and what does he know he's just a Pig
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08-27-2011 , 09:22 AM
When I deposited on Merge I did it knowing full well I may never see that money again. I couldn't care less about the couple of hundo I have on there. I'm down to playing 25NL just to screw around from time to time.

Pass legislation in the states and you can have my 300 hundred bucks, no prob.
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08-27-2011 , 09:31 AM
The one part that makes me not believe you is the "bodog is leaving willingly."

Bodog in "name only" is leaving the U.S. market. hmmmmmmm.


edited to add: Another thing that I know he is full of it (if he even exists) is the "we are close to regulation."

People in the FBI, DOJ, or any other law enforcement agency know next to nothing more then the average man when it comes to new laws that are being enacted. Having a college friend that is now an FBI agent, and having a family friend that has been a senator for a while now....predicting legislation is a LOT harder then you might think. Especially when it comes to controversial topics like gambling, and having the house/senate split in majority.
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08-27-2011 , 09:45 AM
Now that the "big" sites are out of the US Market for good due to BF, the "suits" in LV,who want to operate legal online sites, would be able to buy out / off the small outfits fairly cheaply, but maybe the threat of some new BF type moves by DOJ would do it too! I know, sounds like just a goofy conspiracy theory! Hell, who knows?
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08-27-2011 , 11:06 AM
Quote:
Originally Posted by vamooose
The deposits still remain in a bank account in Lock's name and are therefore subject to DoJ seizure if they were to be indicted.
Quote:
Originally Posted by silkyjonson
These sites are almost completely US traffic sites, if the DOJ comes after them their business is done
Assuming the remaining sites have any kind of significant assets within the reach of DOJ is pretty lol. Most have already changed to a .eu domain, so that can't even be seized either. So what exactly can the DOJ do to shut down a site without being able to seize domains or assets?
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08-27-2011 , 11:51 AM
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and assures me they consider gambling)
It's ok. it IS gambling.

Most of what else he said is pretty obvious anyway.
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08-27-2011 , 12:08 PM
I wonder how many times half the people in this thread would need to be hit on the head with a hammer before they might beleive it hurts? I'll set the over/under at 5, but sorry you cannot bet on this online.
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08-27-2011 , 12:09 PM
Quote:
Originally Posted by vamooose
These funds are not segregated! Maybe separated but not segregated in the legal sense

There's a huge difference between Stars being required by Isle of Man GC to hold players funds in trust (i.e bank account in name of 'Players care of Pokerstars') and Lock telling you the players funds aren't in the same bank account as the marketing budget.

The deposits still remain in a bank account in Lock's name and are therefore subject to DoJ seizure if they were to be indicted.
You might be correct, but it says this on RPM's site: Licensed & audited by the Kahnawake Gaming Commission, RPM player funds are secured in a dedicated account under strict regulations.

I am not sure if that means they're actually safe. I do remember their rep posting on 2p2 about it but I cannot find it..
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08-27-2011 , 12:14 PM
Quote:
Originally Posted by ScreaminAsian
id rather harry reid and jon kyl succeed, and bills like correa sb40 fail, yeah.
+1
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08-27-2011 , 12:36 PM
Quote:
Originally Posted by Stake Monster
You might be correct, but it says this on RPM's site: Licensed & audited by the Kahnawake Gaming Commission, RPM player funds are secured in a dedicated account under strict regulations.

I am not sure if that means they're actually safe. I do remember their rep posting on 2p2 about it but I cannot find it..
Here is the response RPMseth sent me when i sent him a pm about it.

"Hi there,

I certainly appreciate the question. Without going into specifics about this, player funds are not mixed with operational funds. Never have been, never will be!

RPM Seth"

I dont think they are segregated or else he would have come right out and said it.
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08-27-2011 , 12:40 PM
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Originally Posted by LT22
the more people that lose money in a 3rd round of indictments = more people that aren't going to play online poker in the future

The whole idea of attacking these small sites now is insane and probably -EV for the companies that will offer legal poker in the future. How naive do they have to be to say, "let's **** over our future customers yet again"
DOJ isnt known for its intelligence
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08-27-2011 , 12:47 PM
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Originally Posted by duh
Assuming the remaining sites have any kind of significant assets within the reach of DOJ is pretty lol. Most have already changed to a .eu domain, so that can't even be seized either. So what exactly can the DOJ do to shut down a site without being able to seize domains or assets?
Freeze bank accounts in their name and associated companies names for offering services to US players?? Sites such as Lock are presumably receiving deposits and paying cashout funds into US bank accounts still.

By your logic the only reason FTP went balls up is cause their domain name ended in .com
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08-27-2011 , 01:02 PM
All assets of any company are within reach of the DOJ. Thanks to the fact the USA thinks it's **** don't stink. Also, most Merge skins use the same cashier so the fact they're skins is irrelevant since they don't do their own processing.
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08-27-2011 , 01:20 PM
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Originally Posted by DayTripping
How did Bodog leave willingly? They still accept US players.
Bodog have announced that they will be withdrawing from the US by the end of the year.

Google it for more details.
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08-27-2011 , 01:25 PM
Quote:
Originally Posted by MilkFi5h
Bodog have announced that they will be withdrawing from the US by the end of the year.

Google it for more details.
I think YOU should Google it and READ the details
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08-27-2011 , 01:39 PM
Bodog is not leaving the US market. There will only be a brand name change.
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