Credit Operations Could Flourish In Coming Years

[jjgold]

If banking regs get tougher you will see these places do very well and post up places will have to make a transitions also to dabble into it with their customers.

[bigboydan]

Your right they very well could coach. The problem is trying to find those credit shops when the U.S. government starts shutting down web portals though.

[Panic]

I see it as getting worse. Cant extend credit with things the way they are now.

[Brock Landers]

they need to up people's credit limits, the hell if i am playing at a 100 dollar a game max shop

[dwaechte]

They'll certainly be a demand for credit shops, but if you're a book this is a losing proposition all the way, even with a solid trustful consumer base.

[Panic]

They'll certainly be a demand for credit shops, but if you're a book this is a losing proposition all the way, even with a solid trustful consumer base.

Exactly. No way they extend credit now.

[Bluehorseshoe]

Your right they very well could coach. The problem is trying to find those credit shops when the U.S. government starts shutting down web portals though.

But wouldn't that have happened already if they were going to do it?

[bigboydan]

Exactly. No way they extend credit now.

Exactly... Because the risk isn't worth the reward.

[durito]

Your right they very well could coach. The problem is trying to find those credit shops when the U.S. government starts shutting down web portals though.

[WileOut]

Your right they very well could coach. The problem is trying to find those credit shops when the U.S. government starts shutting down web portals though.

Dan why do you think they will start shutting down web portals? Thats not in the UIGEA anywhere and Bush is on his way out.

I don't think things are going to get any harder than they are now for the post ups. For one thing, cashing out is not covered by the UIGEA. So books can pay customers easily.

What is covered is deposits to books. This can easily be worked around by using ** or ** international money orders. Or they can continue doing what they do now and use ** and ** to deposit. Its very easy to get deposits in to the book. The people who came up with the UIGEA were obviously not thinking much about it.

[bigboydan]

Dan why do you think they will start shutting down web portals? Thats not in the UIGEA anywhere and Bush is on his way out.

I don't think things are going to get any harder than they are now for the post ups. For one thing, cashing out is not covered by the UIGEA. So books can pay customers easily.

What is covered is deposits to books. This can easily be worked around by using ** or ** international money orders. Or they can continue doing what they do now and use ** and ** to deposit. Its very easy to get deposits in to the book. The people who came up with the UIGEA were obviously not thinking much about it.

Anything deemed as income gained via offshore gaming incoming to a U.S. bank, one could make a case for if they wanted too.

[Bluehorseshoe]

Doesn't this show you how special interest controls the US?

The economy is going down the shi tter and the priority right now is to get this bill passed. This is what they're worried about.

[MonkeyF0cker]

The funny thing is that the financial sector is bleeding right now and the Bush administration throws more burden on them. You couldn't ask for a worse President.

[durito]

Anything deemed as income gained via offshore gaming incoming to a U.S. bank, one could make a case for if they wanted too.

Is this supposed to make sense?

[MonkeyF0cker]

The U.S. government would be sued to high heaven if they chose to pursue blocking websites. You can guarantee that if that were to occur, not only gaming advocates but free speech advocates like the ACLU would be furiously pursuing legal action.

[MonkeyF0cker]

If anything, these sites resort to old fashioned, local agents, not wholesale credit like some sites currently.