So, have the books been thinking of ways around the Kyl bill if it passes

Dante · Sep 2, 2003

Have any been talking of ways to keep the majority of US bettors if this law passes....,,maybe forming there OWN bank...What if 3 or 4 of the big books got together and did this..Had there own Debit card...

Any thing in the works or in the minds of the books to combat this damn KYL bill??

tgoodm1 · Sep 2, 2003

Since the surfacing of this bill, I have been wondering just how much business the US accounts for offshore. I am certain that it has to be at least 20-25 percent, maybe more. If that is the case, it will certainly be a huge blow to the offshore industry. Hopefully this bill will not pass. Livelihoods are at stake here. What will those who have been doing this for years turn to?

Dante · Sep 2, 2003

Boxing...I think its Higher then 20-25..I think its more like 40-50%...but if anyone knows the exact figure that would be great ..

thanks

LouDiamond+ · Sep 2, 2003

Relax guys, I'm on it.

Dante · Sep 2, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Lou Diamond:
Relax guys, I'm on it.

thanks lou!

WildBill · Sep 2, 2003

No one I have talked to here say they have any real "backup" plans. They have been getting emails and calls from customers suggesting just that, but people don't really realize what exactly is involved in being a money mover. Its generally best left to an independent party because of the level of distrust between some bookmakers and owners around here.

Fishhead · Sep 3, 2003

I am dead serious here....SUCCESSFUL BOOKMAKERS AND GAMBLERS ARE IN THE TOP 1% ON THE INTELLECTUAL SCALE. Chances are they will find another viable option if push comes to shove.

Dante · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by STRUT888/FISHHEAD:
I am dead serious here....SUCCESSFUL BOOKMAKERS AND GAMBLERS ARE IN THE TOP 1% ON THE INTELLECTUAL SCALE. Chances are they will find another viable option if push comes to shove.<HR></BLOCKQUOTE>

I feel this is the case also Strutt,

I can not see these bookmakers letting most of there business go out the window...I really think if they banded together formed some kind of conglomerate and opened a bank or something to that effect it would work.

They could issue debit cards and it would be like an offshore bank.

BrianJames · Sep 3, 2003

Guy's that is what has to happen if this passes, top books will get in to the banking business, some have already looked in to this just incase. No matter what betting will go on for players in the US.

Halifax · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Dante:
Boxing...I think its Higher then 20-25..I think its more like 40-50%...but if anyone knows the exact figure that would be great ..

thanks<HR></BLOCKQUOTE>

For the average Caribbean book, the percentage of US bettors would be well over 50% of the total.

lander · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Lou Diamond:
Relax guys, I'm on it.

<HR></BLOCKQUOTE>

It's official: we're doomed

Dante · Sep 3, 2003

lander I seriously believe Lou is on the case...If you met this guy in vegas you would see he knows his stuff. he may be abrasive at times in the forums.. but he is extremely knowledgeable and IMO a good guy from talking to him

LouDiamond+ · Sep 3, 2003

lander,
didn't you already claim me once to have a brilliant idea?

DannyMay · Sep 3, 2003

Has the time for debate and Vote been scheduled yet ?

Do we know when this is going to be voted on ? Someone had said Sept 3 but I wasnt sure if the date was for sure yet.

Also, if it passes tommorow how long are we looking at before this becomes a law. It has to go to Bush first , and after he signs it isnt there still usually a waiting period before this becomes law. Like wont it say January 1 2004 or something like that. Just wondering how long we have before we have to deal with this issue.

ppeter · Sep 3, 2003

If there is a viable solution in the works, it would behoove the books not to publicly reveal their solution(s) until AFTER the bill passes. Before it passes, the bill can be easily amended in caucus without so much as a debate to encompass the solution(s). It is much, much harder to amended a bill AFTER it is signed into law to cover whatever modifications are necessary. That would be as difficult as passing a new law. Cat and mouse.

Fishhead · Sep 3, 2003

Not a post/reply from any sportsbooks yet.

Dante · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by ppeter:
If there is a viable solution in the works, it would behoove the books not to publicly reveal their solution(s) until AFTER the bill passes. Before it passes, the bill can be easily amended in caucus without so much as a debate to encompass the solution(s). It is much, much harder to amended a bill AFTER it is signed into law to cover whatever modifications are necessary. That would be as difficult as passing a new law. Cat and mouse.<HR></BLOCKQUOTE>

good advice Ppeter...

Halifax · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by ppeter:
If there is a viable solution in the works, it would behoove the books not to publicly reveal their solution(s) until AFTER the bill passes. Before it passes, the bill can be easily amended in caucus without so much as a debate to encompass the solution(s). It is much, much harder to amended a bill AFTER it is signed into law to cover whatever modifications are necessary. That would be as difficult as passing a new law. Cat and mouse.<HR></BLOCKQUOTE>

Good point.

I hope this is the case, but I suspect it's not - the books don't seem to be very proactive in this regard.

lander · Sep 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Lou Diamond:
lander,
didn't you already claim me once to have a brilliant idea?<HR></BLOCKQUOTE>

Lou,
With all due respect taking poker chips from drunk people is not quite as difficult as building a secure e-banking system to save the Offshore Industry

Well, anyways, I hope you're right. We're on the same side here. If nothing else - maybe NETeller could get their greedy asses handed to them

PatrickMcIrish · Sep 3, 2003

I have read where at least two different books have let on that is exactly the case, I suspect it is many more. If they present the next alternatives it only prepares possible enemies in advance for the next round. There are things being worked on right now, you can bet your bottom dollar on that. To much money blowing in the wind for people to say, "you know what you got us. We'll shut down right after this Dallas game". Any industry like this will go down kicking and screaming, not just throw in the towel at the first sign of trouble. Bookies by necessity are people who learn to make adjustments, roll with the punches and move on to the next day. You won't see anyone concede here, if they do it won't be the books. I think you are underestimating these guys.

As far as US money I would suspect it's as high as 3/4's of the money in the CR books and some other places.