Pinnacle Gives Up.....

[Scav]

With Pinnacle bailing, I wouldn't trust a single one of those books. no matter what their rating. Pinnacle was A rating, and SBR had no clue this was coming (at least from the forum). I think Pinnacle is being unbelievable in saying "Listen, process your withdrawals and close us out" instead of doing what Betwwts did. They did get their cash, but it was subject to rollovers and Bodog sucks

[SentToStud]

Interesting I read that the U.S. market accounted for 60-65% of Pinnacle's revenue.

Ouch.

http://www.eog.com/news/full-article.aspx?id=16428

[Scav]

Originally Posted by SentToStud

Interesting I read that the U.S. market accounted for 60-65% of Pinnacle's revenue.

Ouch.

http://www.eog.com/news/full-article.aspx?id=16428

Yeah, they are screwed. There is all sorts of rumors on Sportsbook review right now regarding what might happen. Fact is that this law blows, and someone sharp is going to have to figure out a way around it.

Greatest idea that I have thought of is to buy a house in Canada and sell people your address, set up an online checking account in Canada, and then wire the money back to your US account.


If you go to the Cashier page, they are only allowing withdrawals. UNBELIEVABLE how quick this is happening

[randallscott35]

On the bright side of the ledger, no one has to worry about getting paid from Pinny. No one. Every last person will be paid in full.

[Dunbar]

Originally Posted by randallscott35

On the bright side of the ledger, no one has to worry about getting paid from Pinny. No one. Every last person will be paid in full.

I don't know how you can say that with such certainty. I agree it's probably true, but I'm not nearly as certain as you are.

Pinnacle is not well-prepared today. I asked for my money over 6 hours ago, and it is not even showing as deducted yet. CRIS and TheGreek meanwhile both paid cashouts to me today in a matter of minutes. (and I'm sure they are getting multiple cashout requests, too.)

--Dunbar

[randallscott35]

Originally Posted by Dunbar

I don't know how you can say that with such certainty. I agree it's probably true, but I'm not nearly as certain as you are.

Pinnacle is not well-prepared today. I asked for my money over 6 hours ago, and it is not even showing as deducted yet. CRIS and TheGreek meanwhile both paid cashouts to me today in a matter of minutes. (and I'm sure they are getting multiple cashout requests, too.)

--Dunbar

Dun, they aren't closing shop, just to the U.S.....How many thousands of players are closing out today. Give them a day or two. I'm not the least bit worried. In fact, I'm not in a rush to pull out funds anyway. Have a few futures left. Might as well wait for those and then get one check out rather than 2.

Son of a....


I just withdrew all but a grand out of my account. I'm with Greek so I should be alright.