Quote:
Originally Posted by tom_dwonk
someone doesnt understand ASSET very well, how does a personal account on one of these sites = a directly owned asset of the site or the owner? Lol take a simple business course and you will discover this is not how asset is defined. (not meant to offend, just trying to add optimism)
What this ties into is do you think the gov is going to disregard every poker players account in the entire world that is on AP FT and PS? Seizure DOES not mean TAKE MONEY AND BURN IT. Once they seize the funds who says they dont pay out existing accounts? This is all speculation but i'd rather be optimistic than sit here and cry about it.
What do you think happens if you buy chips from a casino and take them home and the casino goes BK? There is no separate player account, the money belongs to the casino and can be seized by creditors. Same with FT & PS.
FT & PS have big bankrolls and legal world wide operations with substantial value, US players need to hope that those are enough to absorb any settlement or conviction by DOJ. It will take time to resolve.