Pinnacle???

[cyberinvestor]

I don't follow the industry too deeply but is there any talk of Pinnacle accepting US bettors again? They were the best. I was just reading the July 2010 Payout thread and it was hysterical. People were saying....I got $500 from 5 dimes in 2 days....I got $800 from The Greek in 3 days....and then someone would pipe in with a Pinnacle withdrawal saying....I got $5,000,000 from Pinnacle in three seconds to my Neteller account. They are just awesome and absolutely the best book around yet I can't wager there!!!!! GRRRRRRRR!!!!!

Anybody know of any changes coming up?

[Stumpage]

Cyber, it does not appear so. From time to time, somebody will start a thread (At this and/or other sites) claiming that Pinnacle is about to make a monumental about-face and return to America, but nothing ever comes of it.

[FreeFall]

Not till the US government regulates gambling with taxation will you see companies similar to neteller emerge in the US and pinnacle transactions be allowed again. Write your congressmen. No seriously do it!

[sgo]

In France, gambling just got regulated a few weeks ago ... and players were "kicked out" from many non licensed bookies (which could get large fines if they still accept players located in France), especially those having any subsidiary in European Union (a long list, unfortunately).

It seems pinnacle has not closed the accounts from french players up to now, but has got no licence either (anyway, licence imply you dont give more than 85% back to players, so very hard for any player to stay a winner).

Anybody know more about this ?

[thespeculator]

pinnacle is great for large players , but matchbook is excellent for getting the best price and 5dimes has the most teasers ,parlays and variety of sports, greek is also a great book, i am not even close to the amounts where only pinnacle would provide me with the service needed, but you will find greek , matchbook, and 5dimes to meet your needs

[Ruifgalmeida]

In France, gambling just got regulated a few weeks ago ... and players were "kicked out" from many non licensed bookies (which could get large fines if they still accept players located in France), especially those having any subsidiary in European Union (a long list, unfortunately).

It seems pinnacle has not closed the accounts from french players up to now, but has got no licence either (anyway, licence imply you dont give more than 85% back to players, so very hard for any player to stay a winner).

Anybody know more about this ?

what bookies can you play now in france??
85% your goverment is crazy even a small rec bookie normaly payouts about 90%

[Raleigh77]

Regulation might be problematice here in the States.

[wrongturn]

Pinnacle's line maker calculated the risk and reward, then decided it is not worth the effort, for now.

[LT Profits]

Pinnacle will NEVER serve USA again, and it actually has nothing to do with the US laws and everything to do with Pinnacle runners being busted on US soil.

[sgo]

what bookies can you play now in france??
85% your goverment is crazy even a small rec bookie normaly payouts about 90%

well, I'll prefer not to inform the regulator about which bookie it has to attack.... pinny and some asians seems still there.

85% is the max allowed on average, but it could be 95% on 1 event and 70% on another..... It seems it was about 80% on average during soccer world cup.
The State is also taking 7.5% of all bets, and bookies have to negociate with event organisers (for events in France, or organised by some french entity) in order to make some "contract" with them to be allowed to offer betting on their events (and they have to pay the organisers, who are supposed to use this money to fight against fraud).

This is supposed to avoid betting addiction ... but there are still many "pure luck" games (eg instant scratch games) sold by the monopolistic (state owned) operator which induce much more addiction issues (according to doctors), and who are btw only offering about 50% return !

My analysis is that is actually more for a) collecting more money as taxes; b) enabling bookies to still make good profit with limited competition; c) taking the money from idiots.

[Ruifgalmeida]

But how many bookies are regulated in france? Any big names?Betfair,bet365,Ladbrokes,Willhill etc...

[Ruifgalmeida]

Pinnacle will NEVER serve USA again, and it actually has nothing to do with the US laws and everything to do with Pinnacle runners being busted on US soil.

That maybe true for a American sharp player Pinnacle lines are like stealing candy from a baby.

[creed]

Pinny

Pinny deals credit? I thought that is against the law

[durito]

Pinnacle will NEVER serve USA again, and it actually has nothing to do with the US laws and everything to do with Pinnacle runners being busted on US soil.

I don't think so.

[Ruifgalmeida]

Pinny deals credit? I thought that is against the law

No they dont deal credit

[creed]

No they dont deal credit

Yeah right . ALL Books deal credit.

[minet123]

One more time, the true principals behind pinnacle live in the USA
When the kids are done school and the spouse is convinced a move to the islands might be nice
than they will think about it

[creed]

bullshit

[heyman]

Pinnacle will NEVER serve USA again, and it actually has nothing to do with the US laws and everything to do with Pinnacle runners being busted on US soil.

Is this a joke? Even if the US has all the evidence you think it does, never is a long time. The first state in a google search shows statute of limitations for rape is 15 years, kidnapping 10 years etc - but Pinnacle is scared until the end of time?

[Hareeba!]

Pinnacle will NEVER serve USA again, and it actually has nothing to do with the US laws and everything to do with Pinnacle runners being busted on US soil.

huh?
so that had nothing to do with US laws?

[LT Profits]

huh?
so that had nothing to do with US laws?

If Greek and CRIS could continue to serve USA, Pinny could have too if not for extraneous factors, those being Pinny runners arrested in New York and Florida.

[LT Profits]

There may or may not have been a post on this here at SBR, it happened five or six years ago I think.

[LT Profits]

Sorry, it was about 4 years ago, right before USA pull-out in January '07

[Hareeba!]

Sorry, it was about 4 years ago, right before USA pull-out in January '07

Regardless of when it was just who's laws were they accused of violating?

[LT Profits]

USA laws, runners were caught here. Most likely, deal was pull out of US market in exchange for reduced sentences. I haven't found article and don't really have the time to continue to search now, but may pick up search again later.

[Hareeba!]

USA laws, runners were caught here. Most likely, deal was pull out of US market in exchange for reduced sentences. I haven't found article and don't really have the time to continue to search now, but may pick up search again later.

thank you
I rest my case

it actually has nothing to do with the US laws

[LT Profits]

Briefly mentioned here, but this is not whole story.

http://www.billrini.com/2007/01/11/update-on-pinnacle-and-victor-chandler-news/

[LT Profits]

What i meant was it had nothing to do with the anti-gambling bill, Pinny would still be serving USA just like the other books if not for the arrests.

[durito]

Cris gets agents arrested all the time.

[RickySteve]

One more time, the true principals behind pinnacle live in the USA
When the kids are done school and the spouse is convinced a move to the islands might be nice
than they will think about it

/thread

[heyman]

USA laws, runners were caught here. Most likely, deal was pull out of US market in exchange for reduced sentences. I haven't found article and don't really have the time to continue to search now, but may pick up search again later.

Assuming this is true…why couldn’t Pinnacle open up to the US when the statute of limitations on these runners was up? Why can’t they finance another legally distinct company with the same lines like Cris? If I had to venture a guess it would be that they live/visit the US and won’t change their policy until the laws change. Anyway, I certainly wouldn’t speak in absolutes as you do.