The sky is falling
- Thread starter KenSmith
- Start date
Thats an invitation to an audit these days.
Ken,
My understanding of the bill is that it will be against the law for U.S.-based banks to transact with online gaming banks. If that's the case, isn't the easy solution to open up an offshore banking account (preferably in the same country as your online gaming company)? I've never done that before so I don't know how difficult it is to open an offshore account. Isn't that the easy solution, or am I missing something?
My understanding of the bill is that it will be against the law for U.S.-based banks to transact with online gaming banks. If that's the case, isn't the easy solution to open up an offshore banking account (preferably in the same country as your online gaming company)? I've never done that before so I don't know how difficult it is to open an offshore account. Isn't that the easy solution, or am I missing something?
I'm sure there will be ways to get around the coming restrictions for players, but the key is that the industry itself will be crippled with the bulk of the US market gone.
My own decision about how to proceed is based on one simple principle. I'm not a criminal. Never have been, never will be. Up until this law goes into effect, I've had no problem promoting online casinos, because there was no federal law making their business a crime. Once Bush signs the new bill, when they accept payment from a US player, they'll be breaking the law. (Note that many of the biggest and well-respected names in the online gambling business share my view. Many are closing all US accounts.) That means I can no longer promote them in good faith, at least to the US market.
In coming days, my sites will be changed around a bit. Foreign visitors will likely still see online casino ads, while US visitors will not.
My own decision about how to proceed is based on one simple principle. I'm not a criminal. Never have been, never will be. Up until this law goes into effect, I've had no problem promoting online casinos, because there was no federal law making their business a crime. Once Bush signs the new bill, when they accept payment from a US player, they'll be breaking the law. (Note that many of the biggest and well-respected names in the online gambling business share my view. Many are closing all US accounts.) That means I can no longer promote them in good faith, at least to the US market.
In coming days, my sites will be changed around a bit. Foreign visitors will likely still see online casino ads, while US visitors will not.
Automatic Monkey
Banned
Don't ask don't tell
A workaround I can see from the perspective of the casinos is to simply not ask where you are from. They might be able to bankroll some proxy servers in "neutral" countries so when they get a connection they have no idea where it is originating from and no inclination to ask.
A workaround I can see from the perspective of the casinos is to simply not ask where you are from. They might be able to bankroll some proxy servers in "neutral" countries so when they get a connection they have no idea where it is originating from and no inclination to ask.
zengrifter
Banned
Ken, is the revenue model critical to the maintainence of BLACKJACKINFO.COM? Is this site in danger of closing? zg
Brutus
Well-Known Member
yah mon! thats the way for online blockjocks, govanah.
why not just promote the free games on those same sites?
No, BlackjackInfo isn't going away. Fortunately, the maintenance costs of the site are quite low.
Game on!
The main immediate effect of the change will be that I'm scuttling a plan that most of you weren't aware of yet. I had planned to add a complete blackjack conditions database, available for free, supported by ads. That's an expensive and time-consuming project, and it's likely dead now.
zengrifter
Banned
If we can assume that the initial data will come from you-know-where then the ongoing data feed can be direct interactive input from site visitors and maintainence kept low. zg
Mikeaber
Well-Known Member
God would I ever love to see that here on the Forum!
both prohibition and marijuana are different issues...
There is not meticulous electronic records about every "weed" transaction as opposed to online gaming where there is a trail that can be traced at all times..
I actually think this might change things a bit in the s tates for the better in a way..There are now going to be stronger underground poker circuits in a lot of cities.
This is rather depressing news because I have yet to start online bonus weeding and was going to start soon. Good news, my wife is a Korean citizen and has Korean bank accounts. I can't imagine it being illegal for her (unless it is illegal in Korea too which is very well possible). My concern is the state of the industry and how they will afford to pay these nice bonuses with 2/3's of their custormers gone.
Plus sometimes they make the wagering requirements a lot worse for some other coutries. I don't know if Korea is one of them, but make sure you read the terms and conditions carefully.