Would like to know from SBR what is going on

[WileOut]

I think it would be a good thing to get some kind of explanation of what is going on to drive a book like The Greek out of the USA. If Greek can go in one day, without any previous notice, then the entire industry could go in one day. Or a very short amount of time.

1. What happened to drive "the industry rock" out of the USA?

2. Is this going to continue until all reputable books are gone from the USA? Is 5dimes and Bookmaker next?

Heritage was a book that stayed under the radar, now they could possibly be squarely in the crosshairs of the US govt. What is to stop them from going under in a month? I think I speak for many here in that we just want to know what on earth is going on, and what to expect next. It bothers me that this happened over night with no warning at all.

[FishFace5]

+1. Very concerned myself.
Not to mention football and baseball playoffs are a month away. We kinda need to have a plan soon.

[no1here]

received this email this morning

PokerWorld.com is leaving the US market. This means that access to the PokerWorld software will be restricted for US players. However, you will still have access to the web Cashier

hasn't stop since black friday and not going to

[Cap dat 4ss]

Seriosly?

Ive got a glacier in alaska that id like to sell you.

[secretstash]

the sky is falling chicken little

I love betjm.. but honestly THEY CHOSE TO LEAVE guys.. its not end of world.. feds didnt take down 20+ books and we are all scrambling.. THEGREEK/BETJM CHOSE TO LEAVE on their own. They are just protecting a multi-million dollar company where the usa is small piece of the profits. Its same thing PINNACLE did 5+ years ago and look at how much betting and books we have done and used since then.

CALM DOWN


-stash

[WileOut]

Seriosly?

Ive got a glacier in alaska that id like to sell you.

I'm asking for information, what is naive about that? You can never have enough information. Can you give me the answers to my questions?

[Cap dat 4ss]

Stash, you fail to see the big picture. You see this as an isolated event and its not. You are correct though that there is no need to over react however everyone does need to react appropriately. And that is to pull any money out of books that you cant afford to lose right now. I would only load 5d and bodog right now personally but others feel differently about Bodog and they may be right.

[WileOut]

the sky is falling chicken little

I love betjm.. but honestly THEY CHOSE TO LEAVE guys.. its not end of world.. feds didnt take down 20+ books and we are all scrambling.. THEGREEK/BETJM CHOSE TO LEAVE on their own. They are just protecting a multi-million dollar company where the usa is small piece of the profits. Its same thing PINNACLE did 5+ years ago and look at how much betting and books we have done and used since then.

CALM DOWN


-stash

The USA represented probably 95% of bet jamaica's profits and probably about half of greeks profits. Just educated guesses but USA is definitely not "small pieces of the profits".

[Cap dat 4ss]

I agree but dont expect anything from SBR other than the silver lining. Realize where their interest lies.

[BookiesBernanke]

Sharps are leaving the states, period.

[Mammon]

If Cris rolls this will be the end.

[JerseyLove]

Very true sharps are going quickly

[senseionline]

damn i think i really to find my old local back after all these. football is coming and there probably no legit book left to take my action.

[DustyRhodes]

The usa was a big part of their profits! Something is not right here. They were tipped off and played scared.

[pavyracer]

90% of offshore books will fold in the middle of football season from lack of deposit funds.

[Richkas]

Guys....the writing is on the wall....the big books like Bookmaker,Greek,5Dimes ect..ect are getting out of the USA...They dont want to go to jail....those are the big guys...they are easy targets...the small shops will still be offshore taking usa money...but it will be risky getting paid....just send small monies...like 200.00....if u get screwed its no biggie...its just 200.00....but the days of being able to send a dime or more and feel safe about getting paid are over...its not the end of the world...there will still be places to gamble...new shops will open and close...just dont send alot of $$$$ and youll be ok....but trust me...5 Dimes and Bookmaker are next

[secretstash]

The USA represented probably 95% of bet jamaica's profits and probably about half of greeks profits. Just educated guesses but USA is definitely not "small pieces of the profits".

this is definitely not even close to accurate.

thegreek/betjm was one of the few big books who gladly would laugh in the face of even action from European players.. most books run scared. also they even took action from costa rica bettors.. where most books deny them (cuz of location) too.

if I were to guess. thegreek is losing about 25% of their business because leaving the usa.. but since they are multi millionaires and profitable throughout the world, i would say it just affects net profit... they definitely wont be taking some kind of a loss next year. lol.. they will work a lot more worry free from feds busting in and will be able to "settle down" and continue their long dominance.

put it this way.. thegreek will still continue to service tens of millions of action from people just like pinny did and how we all wish we could play at pinny still 5 yrs later.. thegreek is actually more profitable because they never offered the -106 or whatever jazzy lines pinny did.. therefore greek makes 3-5 cents more per dollar on every transac which is less risky anyway.


i definitely was shocked to hear them leave as well.. but it doesnt affect me from tomorrow posting up at a book like legends/5dimes/or any A or B rated book for that matter. Why? because thegreek pulled out on their own.. its pretty straightforward that they left because of risk factors.. sometimes its smarter to pull out, sometimes it isnt.

do u think pinnacle or party poker was smart for pulling out of usa multiple years ago? did they foresee the inevitable? who knows.. but I think 5 more years of profit for them would have been a heck of a lot smarter


with this all being said i think it is smarter to play at smaller books.. they have no choice but to ride out the wave in the usa.. deposit less sure.. but dont run away from 100% bonuses just cuz of this CHOICE of greek to leave on their own accord.

-stash

[obamaismyuncle]

Very true sharps are going quickly

i think one of your benz wheel covers rolled n 2 my yard last night

[tblues2005]

stash I agree but with one of the A books leaving does hurt though. I hope that there will be good options for us for the upcoming football season and I am sure SBR is going to have some news on this here soon. I do think that we are going to be limited though on what we can do now. I did hear that the two Senators from Arizona and Nevada is going to try to get online poker a bill soon and they want to make the laws tougher on the current bill with sports wagering.

[BookiesBernanke]

... and the band on the titanic kept playing

[Mikail]

so we still have 5dimes, Bookmakers and Bodog. Well forget about Bodog and Bookmakers lines eh. That leaves 5dimes. I think Betislands is off to a good start and am considering them but with all this going on it looks like I may stay strictly local for now on unless I get some kind of reassurance.

[gregm]

this is definitely not even close to accurate.

thegreek/betjm was one of the few big books who gladly would laugh in the face of even action from European players.. most books run scared. also they even took action from costa rica bettors.. where most books deny them (cuz of location) too.

if I were to guess. thegreek is losing about 25% of their business because leaving the usa.. but since they are multi millionaires and profitable throughout the world, i would say it just affects net profit... they definitely wont be taking some kind of a loss next year. lol.. they will work a lot more worry free from feds busting in and will be able to "settle down" and continue their long dominance.

put it this way.. thegreek will still continue to service tens of millions of action from people just like pinny did and how we all wish we could play at pinny still 5 yrs later.. thegreek is actually more profitable because they never offered the -106 or whatever jazzy lines pinny did.. therefore greek makes 3-5 cents more per dollar on every transac which is less risky anyway.


i definitely was shocked to hear them leave as well.. but it doesnt affect me from tomorrow posting up at a book like legends/5dimes/or any A or B rated book for that matter. Why? because thegreek pulled out on their own.. its pretty straightforward that they left because of risk factors.. sometimes its smarter to pull out, sometimes it isnt.

do u think pinnacle or party poker was smart for pulling out of usa multiple years ago? did they foresee the inevitable? who knows.. but I think 5 more years of profit for them would have been a heck of a lot smarter


with this all being said i think it is smarter to play at smaller books.. they have no choice but to ride out the wave in the usa.. deposit less sure.. but dont run away from 100% bonuses just cuz of this CHOICE of greek to leave on their own accord.

-stash

I dont think that number is even close to to being accurate from what I have read in offshore magazines. I may be wrong on this, at some point this sounds like the Greek is basically closing up shop as well. I have always understood their presence outside the US was very small.

I feel for all the people employed in Jamaica this morning but to be honest with you, I really don't really share all the pessimism people on this board have over this. The greek has been around forever but their web site was like something out of the late 90s, you have to have a good interface, and a top notch web site to survive, and I barely used them anymore.

I am sure this had more to do with payment processing and have you noticed all the shops that are closing lately or turning away from the US have not been based in costa rica like VIP, Betjamaica and the Greek?

I will miss BetJamaicas lightning quick payouts, the fastest I ever had from any book, but this news today is far from the end of the offshore books.

[tblues2005]

I dont think that number is even close to to being accurate from what I have read in offshore magazines. I may be wrong on this, at some point this sounds like the Greek is basically closing up shop as well. I have always understood their presence outside the US was very small.

I feel for all the people employed in Jamaica this morning but to be honest with you, I really don't really share all the pessimism people on this board have over this. The greek has been around forever but their web site was like something out of the late 90s, you have to have a good interface, and a top notch web site to survive, and I barely used them anymore.

I am sure this had more to do with payment processing and have you noticed all the shops that are closing lately or turning away from the US have not been based in costa rica like VIP, Betjamaica and the Greek?

I will miss BetJamaicas lightning quick payouts, the fastest I ever had from any book, but this news today is far from the end of the offshore books.

Your right on the website for the greek was pretty bad. I do think that the ones that they are switching to is in Costa Rica and you might be right that you may need to be based in Costa Rica to take US players. Maybe that is where the industry is going at this time. You bet I am going to miss the fast payouts that they had. I hope the service I get from BoDog, 5Dimes and DSI can be just as good.