Quote:
Originally Posted by GOLDNSQUID
....Just to clarify you are saying that they call it a sweepstakes just to get around depositing directly? That the game they run is legit? This would of stopped Black Friday from happening lol.
They follow all of the sweepstakes laws that I posted. You think they follow all.of them except for the one about game of skill?
As was mentioned before why would a publicly traded company do.that?
No, not saying it is to get around a deposit. Their business plan specifically targets the US player base. It is using a loophole to get around the online gambling 'ban'. Black Friday happened, legal argument, because the networks were running an operation that is deemed illegal in the most of the States and in violation of the federal wire act. The actual reason was due to the amount of money that was not being taxed and the difficulty in finding it via audit. The govt does not care one stitch about a single citizen, only what feeds the coffers.
There are some, such as yourself, that argue unusual play/variance at Global Poker. It is just a sense or feeling that you have, not being sarcastic/disrespectful to the opinion, but there is no real specific proof. On the other side of the argument, you have a company that voluntarily offers transparency to a multitude of regulatory agencies. Any fraudulent activity means that long standing highly successful executives are going to prison. This is not a Lock or Full Flush type of entity. The individuals that are on the Board are jointly and separately responsible for any acts of fraud and the end result being a lengthy time in prison.
I am only weighing the appearance of something being different/askew against the signatures of those responsible being truthful under the penalty of law and opting to side with the belief that the management is not looking to be incarcerated.
On the flipside, if your argument turns out to be the truth...the Board of Directors has openly chose to commit an act of fraud knowing full well that they will be subject to annual audits. A Board that has some long standing members in the investment community. I just cannot reason that they have either been shysters their entire career or turned rogue in the twilight of their careers with a very high probability of getting caught.