MVPSPORTSBOOK shut down!!!!!!!

[10DimeBry]

i called olympic. i dont have alot of $$$ in there currently b/c i dont bet much MLB, but have been a acct holder with them for 5+ yrs now. they are based out of jamaica. the person on the phone told me they arent going anywhere. US has no jurisdiction over them. and they arent in any jeopardy. worst case senario would be that credit/debit transactions will no longer be accepted. netteller,firepay,fed ex or w.union would be the only options. i believe them as i've never had any problems in the past, but at the same time who knows cause it might just be the "company line"


ps i'm just glad i dont have alot of $$$ tied up any place offshore thats for sure.

PSS if by change these books go down and alot of people lose huge coin WATCH OUT politicans heads will roll and many will be voted out off office. you can fuck with people but not their $$$

[savage1]

i called olympic. i dont have alot of $$$ in there currently b/c i dont bet much MLB, but have been a acct holder with them for 5+ yrs now. they are based out of jamaica. the person on the phone told me they arent going anywhere. US has no jurisdiction over them. and they arent in any jeopardy. worst case senario would be that credit/debit transactions will no longer be accepted. netteller,firepay,fed ex or w.union would be the only options. i believe them as i've never had any problems in the past, but at the same time who knows cause it might just be the "company line"


ps i'm just glad i dont have alot of $$$ tied up any place offshore thats for sure.

PSS if by change these books go down and alot of people lose huge coin WATCH OUT politicans heads will roll and many will be voted out off office. you can fuck with people but not their $$$

In the last line you should have added heads will roll or WORSE!

[ULikeApples]

I wonder heaven forbid if Senate passes the legislation, how many of the sportsbooks(if any) would defy the legislation and stay open for business as usual.

The legislation has nothing to do with the sportsbook themselves, so they would not be defying anything. The Goodlatte bill TRIES to prevent US banks from dealing with any companies (i.e. Neteller, etc) that deal with gambling merchants.

[ULikeApples]

Read this article, they mention poker mostly but same goes for sportsbook. It's quite long but explains the bill in detail:

http://www.cardplayer.com/magazine/article/15416

[savage1]

The legislation has nothing to do with the sportsbook themselves, so they would not be defying anything. The Goodlatte bill TRIES to prevent US banks from dealing with any companies (i.e. Neteller, etc) that deal with gambling merchants.

True-but the logical next step for the Govt. will be to make it illegal to bet at all on the internet.

[bhs4life]

Betcris Is Not Going Anywhere.....

[STaylor36]

Is there any chance this affects Pinny?

[griswold]

There's a lot of naivete here. If the company is publicly traded (as most are), the government can demand extradition. This will allow an asset seizure. The shareholders will all sell and the companies will be worthless and file for bankruptcy protection (likely in Britain or in a nation where their stock trades on an exchange).

This is huge. To say betcris isn't going anywhere is just nuts. Millenium, MVP, BoS, and 36 others shut down tonight. I doubt they'll ever reopen or that anyone will get a penny. More may follow.

[griswold]

True-but the logical next step for the Govt. will be to make it illegal to bet at all on the internet.

savage,

The government has always contended offshore gambling is illegal. Bodog's CEO was convicted in absentia and is a foreign exile. What has never happened was a prosecution oif a bettor.

But seizing assets, as is happening now, will kill this industry as nobody is likely to get money back.

[BackDoorCvr]

There's a lot of naivete here. If the company is publicly traded (as most are), the government can demand extradition. This will allow an asset seizure. The shareholders will all sell and the companies will be worthless and file for bankruptcy protection (likely in Britain or in a nation where their stock trades on an exchange).

This is huge. To say betcris isn't going anywhere is just nuts. Millenium, MVP, BoS, and 36 others shut down tonight. I doubt they'll ever reopen or that anyone will get a penny. More may follow.

I think the naivete is on your part. The US Gov't will NEVER attempt to extradite foreign citizens (who alot of the principals of these sportsbooks are) to the United States to face charges for taking wagers from people here. The guys from BOS that were pinched in Texas were US citizens on US soil. Plus, the main charge is a tax evasion charge for failure to pay excise taxes on the wagers he took in and several of the companies in the indictment are US based companies. This has absolutely nothing to do with the legislation that just passed the House which prohibits banks and credit card issuers from making payments to gambling sites. Some of these sportsbooks are just overreacting and are unsure what's really going on here. Once they see Pinny and the other big players there going on with business as usual they will follow suit. With so much going on right now in the world and the mid term elections coming up, I believe (and hope) the resolve to draft legislation eventually banning internet gambling of all sorts in the US will die down. Many of these Republicans won't even be in office next year and this is certainly not a hot button Democratic issue. Besides, these douche bags have a hard enough time coming together to get some meaningful legislation through the House and Senate to the President. I have no faith at all they'll be able to ram through any far reaching laws once the make up of Congess changes in a few months.

[BackDoorCvr]

savage,

The government has always contended offshore gambling is illegal. Bodog's CEO was convicted in absentia and is a foreign exile. What has never happened was a prosecution oif a bettor.

But seizing assets, as is happening now, will kill this industry as nobody is likely to get money back.

I don't believe that Calvin Ayre from Bodog was ever charged with any US crime let alone convicted. He's not even a US citizen. The billionaire living in a 10,000 sq ft house with servants as well as hot and cold running broads 24/7 hardly constitutes foreign exile. And while technically it is correct that internet gambling by US citizens does violate the law (Title 18, Section 1084 of the US Code), the Feds have shown no stomach to prosecute anyone here for placing a wager. Nor have they attempted to collect any taxes from these sportsbooks on income generated from US business activities. The Government has only frozen assets that are in the US from these guys from BOS (who again are US citizens) and are seeking $4.5 billion in back taxes and penalities. They have not siezed any assets located overseas. We'll see how this ultimately plays out but it will be tied up in court for years.

[BettorsChat]

There's a lot of naivete here. If the company is publicly traded (as most are), the government can demand extradition. This will allow an asset seizure. The shareholders will all sell and the companies will be worthless and file for bankruptcy protection (likely in Britain or in a nation where their stock trades on an exchange).

This is huge. To say betcris isn't going anywhere is just nuts. Millenium, MVP, BoS, and 36 others shut down tonight. I doubt they'll ever reopen or that anyone will get a penny. More may follow.

Extradition? These are publically traded companies in those Countries, because its perfectaly legal. Those Countries will not extradite any of them. Just like with WSEX years ago Cohen came to the USA to fight and lost. His partners didn't come and Antigua wouldn't Extradite them.

[CheechB03]

I would be SOOOO PISSED OFF if i had money in there. How many more will do this shit?

Betcom is shut down. I haven't been able to access the site in two days.