On-line Gaming Ban? 20 replies

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WH40K

Ermmm....

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27th March 2006

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#1 12 years ago

I have been hearing rumours that there is a ban in the USA for online gaming!?Does this mean no DoW for american!? Poor guys...




KeNDaLL2000

Pa-Pa-Poker Face

25,910 XP

17th May 2006

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#2 12 years ago

thats all they are rumers they can't ban public places which that is wat the internet is no 1 owns the internet...do they




WH40K

Ermmm....

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27th March 2006

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#3 12 years ago

I'll give you the actual peice of information,

Online gaming in crisis after U.S. ban is passed Monday October 2, 08:53 AM By Pete Harrison

LONDON (Reuters) - Online gaming firms faced their biggest-ever crisis on Monday after U.S. Congress unexpectedly passed legislation to ban online gaming there, threatening jobs and hitting stocks by as much as 70 percent.

Britain's PartyGaming, operator of leading online poker site PartyPoker.com, and rivals Sportingbet and 888 said they would likely pull out of the United States and warned on future profits. PartyGaming's shares fell 59 percent by 07:25 GMT (8:25 a.m. British time), while Sportingbet lost 64 percent, 888 was down 45 percent and gaming software provider Playtech fell 55 percent. Austria's bwin.com Interactive Entertainment fell as much as 22 percent in the first few minutes of trading.U.S. Congress unexpectedly approved a bill early on Saturday that would make it illegal for banks and credit-card companies to make payments to online gambling sites.

The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law. Most analysts think his approval is certain.We believe that this will have a very material impact on the long-term prospects of online gambling, and in particular poker, said analyst Julian Easthope at UBS. This will lead to a rapid decline in the use of online poker sites.

PartyGaming generates about 78 percent of its revenue from the United States, while Sportingbet gets about 62 percent there.PartyGaming said in a statement: If the President signs the act into law, the company will suspend all real money gaming business with U.S. residents, and such suspension will continue indefinitely. Any such suspension would also result in the group's financial performance falling significantly short of consensus forecasts for 2006 and 2007, it added.

PartyGaming's smaller rival Sportingbet said the likely ban would hit trading, and said it had scrapped a planned merger with World Gaming as a result of the passing of the legislation.888 said the move would hit its results, but stressed it remained a profitable and viable business. Any ban would also hit payment-processors like Neteller and Optimal Group's FireOne subsidiary.Neteller said the legislation would have a material adverse effect on its U.S.-facing business.

EDIT: Sorry for it not being in paragraphs or whatever but the post went funny when I posted it...

Edit:And again! I press enter when I'm posting it, then it comes up after the text before, not below?!

Mod edit: Fixed paragraphs, and put it in quote tags for easier reading.




Guest

I didn't make it!

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#4 12 years ago

like thats gonna happen..lets see 60% of US are nerds MASSED RIOTS MUHAHAHAHAHAHAHA




Vasili

Lurking.

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2nd October 2006

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#5 12 years ago

Lol nerd riots "Meeeerrr!! Charge!!.. mer!..." *Falls over with lag of Oxygen*




LNA-Big_D

Now Posting Less Crap!

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27th July 2006

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#6 12 years ago

I have not heard something so crazy in my whole life! USA cannot have no DoW or Online gaming. I agree there would be much rioting,mostly led by me and my gang of nerds.




GreatDivineOne

His name was carved in blood

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9th August 2006

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#7 12 years ago

revenge of the nerds 2.0 when mass amounts attack muwahahahaha we would take the capital then on to canada because we can




Hangar18

BALLIN!

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9th June 2006

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#8 12 years ago

I dont bielive it. Its not going to happen, EVER, plus, what dose london know about the USA




NecroManiac

Destroyer of the Worlds

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1st October 2006

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#9 12 years ago

I do not think that is going to apply to normal online games, becuase the ones are banned are the online gambling sites.




karkinelite

Cool story bro

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18th March 2006

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#10 12 years ago

if this did happen i would find the guy who did it and kill him and i would be in on the riot sense i dont have a gun ill ju7st have to use my 2 airsoft pistols and my paintball gun