Originally Posted by phoenixdan5

Alex, u seem to know alot about this issue.

So, pull our money out now or no?

Pull now, like you're stocking up your refridgerator on December 31, 1999? No. You can, if you want, to be on the safe side. It'll be at least another week before the bill is signed by the President. Worse case scenario, you don't withdraw and you have money sitting there for a while because any pull by Party from the US market will not be long-term, IMO because the CEO said himself that the Board "will continue to analyse [the U.S. government's] applicability" of the bill itself which a bill that cannot be enforced in regards to fining you or locking you up for playing poker at home over the internet.

If you're hosting a game with friends, the cops can't break your door down without probable cause. If that probable cause is an illegal wire-tap on your phone, all evidence found after that cause is inadmissible in court making enforcing gambling restrictions on home games unenforceable.

Same case here. The Courts are inconclusive as to the Constitutional rights one has over the internet while on U.S. soil. The debate has gone for over 10 years and they are not anywhere closer to an interpretation. Until it is interpreted, the 1st and 5th Amendments override petty gambling laws in the Court's eyes.

Personally, I'll withdraw most of my money that I have on there at the end of the week. But not all of it. Haven't been playing there much anyway lately beause of my FTP contract and juicy euro-donks on bet365.

Originally Posted by phoenixdan5

Its run from some no-name weird country. Not a god damn thing any of us Americans could do about it if they didnt give us our money.

Another irresponsible post. Be real.

1.) There's no such thing as a "no-name country." They all have names.

2.) Party makes a lot of money worldwide. Your $20 over even your $10,000 isn't worth the bad press in a very tight and highly influencial worldwide internet gambling community.

Originally Posted by trippedupA-Town

hey alex i had a question for you, would it be illegal to buy stocks to the site if this whole thing went under?

Through a reputable overseas brockerage firm, the money trail is out of the jurisdiction of the IRS. I used one to invest in Bet On Sports PLC and never had an issue. Even if the IRS read this, the money trail would be invisible. Local brokerage houses can point you in the right direction.

"...but also continues to believe that a regulatory framework for online gaming, including poker and casino gaming is the only sustainable long term solution." -Mitch Gerber, CEO of PartyGaming.

I could be crazy, but this also seems like foreshadowing of a company willing to push the boundaries. If the President signs the bill, it's in PartyGaming's best interest to defiantly prove to Congress that online gambling cannot be prevented to force another solution.

well this is dismal...

The irony of all this is that I always considered poker to be the American "Game". It encapsulates many of the traits (merits and otherwise) of the American culture. As much as I despise the game its a bit like the British goverment outlawing cricket over here... or banning Shakespeare from the classroom because its a bit "taudry".....

Poker is everything about the Americans view of risk and indiduality - thier competetive spirit and good humor and strength in adversity. Its about the wild west, John Wayne and everything that many non-Americans may disapprove of....but its what is American - in IMO anyway...

How can you legislate against the fabric of your culture???...

I don't agree with many American views/laws (guns, capital punishment) but really this stretches it...It looks to me like sour grapes. an American goverment who wern't quick enough to legalise and exploit the game quickly enough...

From my point of view it makes little difference..Time zones usually prevented me from playing peak stateside games...and the Swedes are truely awful players.. and I suppose on the upside the odds have now considerably shortened that I win WSOP (if I could be bothered to go for it )

A bit off topic, but Nixon actually funded his side of his first political campaign from the winnings he made playing poker while in the military.

Just a little tidbit.