Quote:
Originally Posted by knef
Coming back to the present situation with Cereus and their apparent desire to give US Govt a finger.
There are 2 risk factors that might prevent Cereus from being able to carry on.
The first - recent events will scare all potential processors and there will simple be no way for US players to deposit/withdraw regardless of Cereus willingness to accept them. Without US players can Cereus carry on? Will they generate enough rake from non-US players to finance operations? It's quite possible that they won't and will be forced to fold.
Second - they get processors to accept US players but the "run on the bank" continues, players who withdraw then decide to take a "wait and see" approach. This will completely dry up the games and deprive them of revenue. How long will they be able to withstand significant drop in rake?
Those are very very good points. Obv we have no idea about Cereus' financial situation but it will most likely be detrimental to its future if US players can't withdraw, thus cant play there. For that reason I'd imagine Cereus, moreso than Stars or Tilt(who can at least survive from foreign players until online poker becomes US regulated) will likely find a way for Americans to be able to deposit/withdraw even if they resort to tricking banks again with ACH wires like they have every time i've cashed out.
Truth is most people are going to be awfully weary of depositing onto a poker site regardless and all of the sites are going to suffer. I'd imagine most people are in the same boat I'm in that we just want our money and don't really care if we can play or not. Just as long as we can access our funds and not have to worry that our rolls are lost in cyberspace. Im putting myself through school and flipping burgers is not cool yo! So im gonna take my 3k roll and grind 1/2 live........ugh FML