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Originally Posted by Rupert Pupkin
I think there are some Americans that own a piece of Pinnacle. I think that these guys would be in jeopardy of being in big trouble if Pinny continues to take bets from America. My guess is that these guys probably made a deal with our government to stop taking bets from America in exchange for not being prosecuted.
Any books that are owned by Americans will have to stop taking bets from America unless the owners don't plan on living here ever again.
Any books that are publicly traded companies are not going to take bets from America. If a company is publicly traded(such as Party Poker), they need to be squeaky clean. They can't be taking bets from America if it is against the law in America.
The good news is that I think that as long as a book is not owned by Americans and as long as a book is not publicly traded, I think the book will probably continue to take bets from America.
I think even a few books that are owned by Amercians will continue to take bets as long as the owners never plan on coming back here. I think that is the case with a few of the books. If I'm not mistaken, I think one of the owners of Bodog can never return here. In that case, he has no reason to obey the new law. There is nothing they can do to him as long as he never comes back here.
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One book that is owned by Americans is World Sports Exchange (wsex.com)
Jay Cohen is one of the 3 guys who started up World Sports Exchange, which is located in Antigua. Cohen purposely came back to the US a few years ago to challenge his indictment and the law itself. He lost in court and served 18 mos in prison plus 2 years probation, which finally ended in 2006. I really admire the guy's guts and principles. It would have been easy to stay in Antigua, drinking pina coladas in a million dollar house. While Cohen served his jail term, his 2 partners continued to run the biz in Antigua. They have clearly decided that the US action in Internationally illegal, and would never stop operating because of US pressure.
wsex once double paid me on a $1000 bet. I didn't hesitate for a second (well not for a minute, anyway) about telling them, even though several days had already passed before I realized the error.
http://www.freejaycohen.com/
I agree with Rupert that there is little chance of books like wsex.com ever capitulating. There is also very little chance that books like wsex, TheGreek, and CRIS will go broke.
--Dunbar