LogansSportsGuy says:
I don't doubt he really means what he says...its not hard for them to think that way (that all payments are made, just late, because of industry payment issues), when they look at their billion dollar bank account.

I think you are assuming that bodog is purposely delaying withdrawals -- and I feel that is not how they do business (i cant believe the day came where i defended bodog!).

analyzer says:
BTW - lite should be LIGHT ~~ maybe I need a "lite" about right now

LogansSportsGuy says:
KZ, the primary goal of the bill, in the short-term, was to create a 'chilling effect' across capital markets and the banking sector. Not only did public companies such as Neteller have to pull out of the market, but others were forced to delist and/or cease all operations. Foreign banks pulled out of the industry, domestic payment  closed shop, and most payment providers (both cards in and checks out) disappeared. Its less about "resources" as it is the effect the bill has had on the banking sector ie. no one will work with the industry anymore.

FreedomAtStake says:
KZ,

I'm going to be covering that very question - because it is so common - in a couple of days.

Short answer: Depositing and payment are two very different processes and require different partners.

You can't re-deposit somebody's winnings back onto their credit card - without causing more problems.

So while getting your money to the books is possible via many different methods - and disguising the payment is pretty easy - but there are only a few ways to actually create a valid check that will work when you deposit it in your bank account.

It requires a lot of negotiations with different companies that are often less than willing to do business with you - for fear of the government - and are very twitchy and quick to cut off the valve at the first sign of trouble.

Otherwise, there are the shifty guys who are very eager to take your business - and the half a million dollar deposit - and then take off with that money the first chance they get.

Like I said... short answer... but I'll have more in a few days.

doggs says:
It has been a long time since I bet with the local book, but it looks like that is where things are headed.  Kind of reminds of me of the old days, which to me, weren't so bad.  If the US wants to shut this down completely, go ahead, you will just now have an old problem rising back up.  Either way damned if they do or damned if they don't.  I guess you have to pick your poison. 

 

Online gambling certainly is convenient and you have access to so many different bets.  But I sort of missed that interaction with my local book.  Meeting for breakfast and making exchanges.  Sometimes good and sometimes not so good.  It is amazing to me that most of the entire world allows it, but we don't.  Our country really does seem like it is headed to the NFW (No Fun World).  I don't understand why it has to be that way.  Somewhere out there we have too many anal people controlling things, and unfortunately it will only get worse.