This is interesting...

[Milkin' it Slowly]

Found this at another site... I'll list the source if asked, with the rest of the article... Any idea what it might be?


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Sit tight, online gambling companies are working together to figure out ways to start processing once again using other methods. There is one master plan that could blow everybody's socks off but we've been asked not to comment on it, and we won't.

It's business as usual at all the Euro books.

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[Dark Horse]

My best guess? Wouldn't be too surprised if the books got together and started their own offshore bank. A place where our funds would be safe and earning interest, and from where it could be moved in and out of books quickly and without fees. That's what I would do if I were in their shoes.

There is no reason for worry. Look at the track record of this US administration. They have failed at everything. I cannot recall a single good decision. Time and again they're setting themselves up for failure. And each time with the same blind conviction.

The US pressure will only result in a more streamlined global gambling environment. The internet will prove to be beyond the control of any government. As it should be. Power to the People.

[jjgold]

Lets wait and hope

[Dead Money]

My idea is that the books sell "units" on Ebay.or some type of site. one unit could = 25 bucks.


You buy " something" from the seller/book on Ebay. Pay with some sort of medium. Probably have to stay away from paypal.

Alot of seller have dutch auctions. If you guys have bought on ebay before you know what I mean. So you could buy 25 units @ 25/unit. email you account number along with the payment and be credited within minutes.

I'm sure that the industry will find away around this.

[Korchnoi]

My idea is that the books sell "units" on Ebay.or some type of site. one unit could = 25 bucks.


You buy " something" from the seller/book on Ebay. Pay with some sort of medium. Probably have to stay away from paypal.

Alot of seller have dutch auctions. If you guys have bought on ebay before you know what I mean. So you could buy 25 units @ 25/unit. email you account number along with the payment and be credited within minutes.

I'm sure that the industry will find away around this.

I think you'll need an independent site to sell/auction off units. Ebay is a huge publicly traded company and they'd never risk pissing off the government.

[bigboydan]

My idea is that the books sell "units" on Ebay.or some type of site. one unit could = 25 bucks.


You buy " something" from the seller/book on Ebay. Pay with some sort of medium. Probably have to stay away from paypal.

Alot of seller have dutch auctions. If you guys have bought on ebay before you know what I mean. So you could buy 25 units @ 25/unit. email you account number along with the payment and be credited within minutes.

I'm sure that the industry will find away around this.

Now thats creative DM

These books would have to setup there own version of EBAY in a country that won't extradite. Of course everything would have to be sold on a "buy it now" feature

[onlooker]

I will be waiting to see what they come up with. That would be great if they can come up with something big, that is safe from the US Gov.

[ourbet]

Now thats creative DM

Indeed it is Dead Money. Thank you for sharing!

[SpartyOn]

Seeking reliable deposit/payout options

So, what are the recomendations for deposit and withdrawal options for the U.S. player? Neteller and ATMonline are not available, Western Union cautions "...(Do not use Western Union directly or indirectly to fund illegal Internet gambling and/or illegal activity.)". What's next, what is currently reliable? InternetCashCard? Any advice would be appreciated.

[Korchnoi]

So, what are the recomendations for deposit and withdrawal options for the U.S. player? Neteller and ATMonline are not available, Western Union cautions "...(Do not use Western Union directly or indirectly to fund illegal Internet gambling and/or illegal activity.)". What's next, what is currently reliable? InternetCashCard? Any advice would be appreciated.

moneygram?

[SpartyOn]

Maybe I'll wait for a better option

Maybe I'll wait for a better option. Bodog came up with one that I'm not really comfortable with. I'm not willing to be a test case or worse...

[Kimmy]

With Neteller being a publicly traded company in UK it would be very easy for all of the bigger books to get together and make a bid for it. It's market capitialisation was about $350m before trading was suspended - a bid of half of that would snap it up in todays situation.

[SpartyOn]

This is so much like the Prohibiition attempt from yesteryear only this time the government appears to have the upper hand. They now have the ability to shut down the funding options under threat of criminal indictments for the bookmakers' top executives.

Under these conditions, I'm not so sure that a bookmakers' bank, whether with a takeover attempt of Neteller as Kimmy suggests or with any kind of cooperative effort from a bookie group would solve the problem. There is still the issue of assuring the freedom to deposit (and withdraw) without undo fear of governmental sanction. How would such a global bank evade U.S. scrutiny???

And yet, since such a very large % of bookmaker revenue had been generated by the U.S. players (up till now...) I would have to believe there is intense motivation to preserve that market, if only for their own self interest. Plus our British allies who have a much more reasoned approach to gambling options, are none too pleased with the economic fallout affecting operations based on their soil (and tax base).

Perhaps political pressures will win the day. The real issue is being able to generate tax revenues. Until a new system addresses that concern I remain doubtful, and on the sidelines till it all shakes out...

My best guess? Wouldn't be too surprised if the books got together and started their own offshore bank. A place where our funds would be safe and earning interest, and from where it could be moved in and out of books quickly and without fees. That's what I would do if I were in their shoes.

There is no reason for worry. Look at the track record of this US administration. They have failed at everything. I cannot recall a single good decision. Time and again they're setting themselves up for failure. And each time with the same blind conviction.

The US pressure will only result in a more streamlined global gambling environment. The internet will prove to be beyond the control of any government. As it should be. Power to the People.

[trustbutverify]

I like the idea of the books forming their own "bank". I like the idea of industry wide cooperation-

Either way- mailing checks and book transfers seems to be the solid answer for now.