Quote:
Originally Posted by dmt4me
i’m willing to make a bet that if everyone wanted to cash out at the same time with any of these unregulated sites it would be impossible
This might be true, but I don't think it matters much. It's perfectly possible for them to operate without issue, and without ever needing to have 100% of the player deposits on hand for immediate withdrawal. There will never come a day that everyone asks for a withdrawal at the same time, ..unless of course we get a repeat of Black Friday.
But here's the thing, if the US DOJ somehow finds a way to seize the domains and shut these sites down, I don't think anyone gets paid their money, whether it's available or not.
There is simply no incentive for the sites to pay the money. Well, there probably is some small incentive, just in being a decent human being, but that small incentive, gets dwarfed when compared to the other option of being a less than a decent human being that virtually no one knows, and pocketing a few hundred million dollars.
PokerStars and FullTilt Poker had incentive to pay the money, as they had huge operations outside of the US and could easily continue on making large sums of money, without US players. WPN and PaiWangLuo don't really have this option, if they lose US players, they're left with very few net depositors. Whether the funds were available or not, I wouldn't expect them to ever pay player balances, I'd simply expect them to disappear into the night in the same manner as the Cereus Network did on Black Friday.