VIP to stop taking US Customers

tbones73 · 10-10-06, 10:13 AM

I just logged into VIP and I don't see any messages about it.

This is going to suck, since I like their casino branch. I wonder how long I have left before they shut the doors on me then.

gummo · 10-10-06, 10:15 AM

Do you have a link on this? I didn't see a messge there either. I just made a withdrawl there yesterday but have a few bucks left in there.

Dead Money · 10-10-06, 10:20 AM

As long as places like:
Pinny
Cris
Bet Jam
WSEX
Mansion
Matchbook
Greek
5Dimes

still want our money, nothing will bother me.

Give me those 8 books or even 4 out of the 8 on that list, and the rest could all shut the doors and it wouldn't matter all that much to me.

As long as everyone gets paid, fvck'em

LGBoots · 10-10-06, 10:25 AM

Originally posted by gummo

Do you have a link on this? I didn't see a messge there either. I just made a withdrawl there yesterday but have a few bucks left in there.

http://uk.biz.yahoo.com/10102006/214...perations.html

InSpades · 10-10-06, 10:28 AM

The United States. "The land of the free..."

What a joke.

IS

gummo · 10-10-06, 10:44 AM

The person I spoke with in live chat claimed it wasn't true, but that just means she probably hasn't received the news yet. I went ahead and took out my remaining balance in case there's a rush when they make the official announcement.

jjgold · 10-10-06, 12:03 PM

I am telling you most books will not be operating to USA players. Everyone laughs at me, does a book owner want to go to jail?? I do not think so, the gov't is really going after this and that is why everyone pulling the plug.

No way Party Poker closes unless they know something

Bill Dozer · 10-10-06, 12:32 PM

Originally posted by gummo

The person I spoke with in live chat claimed it wasn't true, but that just means she probably hasn't received the news yet. I went ahead and took out my remaining balance in case there's a rush when they make the official announcement.

They could have some different impressions if they read the shareholder statement. "The Company" refers to L&G, the holding company for the sportsbooks. L&G will continue to trade as a gaming company for non-US sites and will probably use the funds earned from divestment to push into that market. Since it is a public company, they are obligated to cover all possibilities as they will need to get the best value for the brands for thir shareholders. If a CRIS was to offer double what is on the table, they would have to take it.

InSpades · 10-10-06, 01:06 PM

I heard BetGameday, which is part of the leisure group and essentially a clone of VIP will be breaking away from Leisure. Will they be as financially secure as VIP then?

IS

Bill Dozer · 10-10-06, 01:13 PM

Gameday would be included as would Mybookie and any of the smaller sites that came over with Nine.

Seattle Slew · 10-10-06, 01:47 PM

This has to be stock-price related?

Are the funds safe in VIP?

Lucas · 10-10-06, 01:58 PM

Originally posted by Seattle Slew

This has to be stock-price related?

Are the funds safe in VIP?

I asked the same few days ago, no response here.

I do not want to panic, but I am afraid of VIP.

They repeatedly send bonus offers to people (with name in heading) who were told that are not eligible for any bonus. The withdrawal ask of one guy dissapeared and then he got nonsense info, that he must meet some rollover that was many times ready. After that he got money in few mins, but it looks they try to stabilize cash flow at any costs. I hope I am wrong.

Seattle Slew · 10-10-06, 02:00 PM

I think they had some nice features, with the NFL picks contest and the weekly horse racing handicapping challenge. But the fact they are on the stock exchange, has to be a worry point as to what they'll do with the stock price tanking in the last week.

Bush will sign the bill on Friday, so they'll likely shut U.S. customers off by the weekend.

Thanks for the alert. Glad SBR is the first page I look at in the morning.

tacomax · 10-10-06, 02:03 PM

Originally posted by Seattle Slew

This has to be stock-price related?

Are the funds safe in VIP?

I'd say that they are still pretty safe still. As Bill said, this is shareholder induced. You can't really run a listed company which is possibly operating outside the law of one of the biggest countries in the world. They will no doubt sell their US customers to a privately operated enterprise with money available or just let the customers go - that would be unlikely since they would be essentially writing off a large propotion of their business worth. Since they've already revealed their hand, they are less likely to get the full worth for their customer base.

LGBoots · 10-10-06, 02:59 PM

Originally posted by Lucas

I asked the same few days ago, no response here.

I do not want to panic, but I am afraid of VIP.

They repeatedly send bonus offers to people (with name in heading) who were told that are not eligible for any bonus. The withdrawal ask of one guy dissapeared and then he got nonsense info, that he must meet some rollover that was many times ready. After that he got money in few mins, but it looks they try to stabilize cash flow at any costs. I hope I am wrong.

After a quick read of their latest results it would appear to me that they financially very strong (Im no expert on this though

)

Even though pulling out of the US markets will hit them hard they should survive easily enough so I don't think our balances there are at any real risk

Their share price actually rose on this announcement which seems strange.

Here is the link to their interim results for anyone who wants to take a peep...

http://www.lngplc.com/media-files/Leisure_Gaming_plc_Interim_Results_FINAL_25-09-06.pdf

Dark Horse · 10-10-06, 03:46 PM

Originally posted by InSpades

The United States. "The land of the free..."

What a joke.

IS

It's a young country, compared to Europe and Asia. US has all the bravado of youth, but lacks in wisdom. Plus the political system is in shambles, as in bought and paid for by corporate interests. (On the positive side, we don't have all the baggage of older cultures; although we are trying hard to catch up).

Just as an individual sometimes has to deal with his inner demons, in order to rise above them, so the US is now facing its own darkest forces; the fascist neocons.

The black cloud will pass...
Meanwhile, we are paying in red blood for our ignorance (Iraq, etc).

isetcap · 10-10-06, 05:01 PM

I couldn't agree more with the big picture that DH just gave us.

America is a teenager, with all the promise and passion and potential of youth, but questionable decision-making due to a lack of wisdom and experience.

hanco21 · 10-10-06, 05:07 PM

I just talked to VIP and they claim to do business as usual when the bill is signed.

darkghost · 10-10-06, 08:30 PM

What'll happen to my NFL future bets if they "close" their doors?

Chuck Sims · 10-10-06, 09:00 PM

I am dumbfounded why anyone would have money at VIP owned sportsbooks. They publicly state winners are not welcomed. Losers only. If someone said to me the only way you can bet at our book is if you lose, and continue to lose, I would tell them to **** off.

Yoshi · 10-10-06, 10:01 PM

Its really time now to downgrade this book imo, they just suck.

InSpades · 10-10-06, 10:38 PM

Take them for all you can and leave. The most important issue with me is wether a book pays. I would say they are a top 5 book when it comes to security of funds. What is more important?

IS

Aces · 10-10-06, 10:42 PM

Had it not been for the youthful US... Europe would currently be referred to as Germany. Any of you wise asses who were unfortunate enough to be of a Non-Arian Bloodline probably wouldn't be here. As for Asia if you haven't ever run patrols inside a communist held North Korea or spent hours upon hours with South Korean ROKs then shut the hell up. If you haven't ever spent time in Egypt Israel Iraq or Afghanistan shut the hell up. If you haven't had a relative killed when a plane rode into her office at the pentagon shut the hell up. As far as the the dark forces you better get down on your pacifist ass knees and thank god if you have one that these dark forces keep peace in this land where you think everyone loves everyone.
1/504 2/325 82nd ABN Div

tacomax · 10-10-06, 10:54 PM

Welcome back, The Great One.

RickySteve · 10-10-06, 10:58 PM

Originally posted by Aces

Had it not been for the youthful US... Europe would currently be referred to as Germany. Any of you wise asses who were unfortunate enough to be of a Non-Arian Bloodline probably wouldn't be here. As for Asia if you haven't ever run patrols inside a communist held North Korea or spent hours upon hours with South Korean ROKs then shut the hell up. If you haven't ever spent time in Egypt Israel Iraq or Afghanistan shut the hell up. If you haven't had a relative killed when a plane rode into her office at the pentagon shut the hell up. As far as the the dark forces you better get down on your pacifist ass knees and thank god if you have one that these dark forces keep peace in this land where you think everyone loves everyone.
1/504 2/325 82nd ABN Div

Why does the world hate the US again?

Aces · 10-10-06, 11:04 PM

I dont know Steve... I like everyone I've been all over had many beers in many lands. The worlds not perfect anywhere but I can't sit by and put up with US bashing in a gambling forum.

pags11 · 10-11-06, 05:08 AM

so now I'm reading VIP will stay in the U.S.?...

jjgold · 10-11-06, 06:22 AM

Anyone know what is really going on with VIP?? Where is Dozer when you need him?

patswin · 10-11-06, 07:28 AM

Another one bites the dust. I only hope once the dust settles all these places that shut off US players don't get those players back...

psycho44 · 10-11-06, 09:07 AM

VIP won't convert my currency to Cdn so it's in U.S.

I'm Canadian, but I do hold a U.S. bank account. I'm not an American citizen nor have I've been to the U.S. for over 20 years.

Should I be re-routing my VIP payouts to my Canadian bank account or is it ok to leave it in my U.S. account? Only reason I leave it in the U.S. account is to take advantage of the currency exchange.

Sean · 10-11-06, 09:13 AM

I'd urge everyone to read the SBR Newswire concerning Leisure & Gaming PLC ... specifically this line:

VIP (SBR rating A+) and Nine (SBR rating B+) are expected to continue as is under private ownership.

bigloser · 10-11-06, 09:57 AM

Originally posted by Aces

I dont know Steve... .

I think Steve and the rest of us know

Bill Dozer · 10-11-06, 11:13 AM

SBR has confirmed with sources within VIP (SBR rating A+) that all North American facing business will carry on under a private ownership group. The management and staff are planned to remain the same.

pags11 · 10-12-06, 03:43 AM

thanks for this update Bill...