The announcement
- Thread starter azhousepro
- Start date
Mr. Wilson said:
I was thinking the exact same thing until I realized there hasn't been any regular mainstream american news coverage of the IPT, let alone this current debacle. The twisted thing about all of this is that these ridiculous recent events might actually get some mainstream coverage and boost the audience interest. It's goofy, but bad press sometimes is better than no press at all.
Case in point, after midnight last night, there were over 200 folks logged on to this forum. Correct me if I'm wrong, but isn't the average at that time maybe 50 to 80?
A strange perspective isn't it?
Roy Steffensen said:
Don't worry Roy I believe that the Chicago tournament will be cancelled next week. I would think that a 30 day notice is required. There are still 39 days until Chicago.
It is still on the calendar: http://rosemont.com/admin_336699/calendar_convention/cal.php3?m=11&y=2006
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jjinfla said:
And what happens if it isn't cancelled 30 days in advance ? Would he then OWE THEM MONEY ? LOL
Stand in line.
Doug
Jimmy M. said:On Friday you shall receive an annoucement that you will receive another announcement next Tuesday. This is a pretty fun game. I think I know the rules now. This almost beats Call of Duty 2 ... almost. If only we could flank this beyatch from the right.
Almost, but let's not kid ourselves Jimmy...nothing beats Call of Duty 2
Seriously, KT must be aware of how bad it looks when all he has to say to the players is there will be another announcement on Friday of when our next announcement of our next scheduled next announcement will be
Excuse me ...
But can't the law that is in the process of passing concerning gambling on the internet be circumvented by just using 'Offshore banks' to process the money, and that are not restricted to US laws?
For every law (rule), there is a way to break it.
And does anyone know the exchange rate for BS today? ..... lol
But can't the law that is in the process of passing concerning gambling on the internet be circumvented by just using 'Offshore banks' to process the money, and that are not restricted to US laws?
For every law (rule), there is a way to break it.
And does anyone know the exchange rate for BS today? ..... lol
ooh,ooh, I Know
Ah, $1.00 a lb. ? Except in Great Britain, where it is a lb. per lb.
Doug
( plant early & harvest early )
Snapshot9 said:
Ah, $1.00 a lb. ? Except in Great Britain, where it is a lb. per lb.
Doug
( plant early & harvest early )
Snapshot9 said:
Do a Google News search on this topic, there's been a lot of activity here of late. The key issue is that the US Government seems actually serious about cracking down on US citizens gambling online via offshore entities. It is doing this by both directly prosecuting the owners of those offshore entities when it gets the chance (I.E. If they stray onto US soil as happened to executives from an UK company a few months ago) and by directly targeting the US banks and credit card companies the US citizens are using to pay the offshore entities.
HOWEVER - None of this is, IMHO, a viable excuse for KT not paying Reno promptly. Why? Because he knew exactly how much the prize purse was for Reno months in advance of the tournament. He also must have know about the Ho deal a long time before telling the public and would have had plenty of time to setup a seperate prize fund for Reno that would not have been part of the Ho deal at all.
Never in promoting the IPT did he say the prize purse would be contigent on succesful negotiation of a business deal. The money should have been reserved, the checks should have been printed and all that was needed at Reno was to put a name on each one.
Additionally, if the Ho deal were to fall through it would actually be better (at least in the short term) for the players, as he would in therory be able to very quickly pay Reno from his own money, being no longer "legally restricted" from doing so due to the deal in progress.
Snapshot9 said:
The issue is that IF the US allows offshore gambling they are in effect saying that gambling ANYWHERE is legal. So next to your supermarket, you could have a store front that is just for gambling with no gaming commission on site to oversee it. That is the big problem. The casinos here in the USA are all for it. They could put a casino in the middle of Manhattan,....the examples are endless. You get the point. It won't happen in our lifetime.
one of many lies
[
HOWEVER - None of this is, IMHO, a viable excuse for KT not paying Reno promptly. Why? Because he knew exactly how much the prize purse was for Reno months in advance of the tournament. He also must have know about the Ho deal a long time before telling the public and would have had plenty of time to setup a seperate prize fund for Reno that would not have been part of the Ho deal at all.
Never in promoting the IPT did he say the prize purse would be contigent on succesful negotiation of a business deal. The money should have been reserved, the checks should have been printed and all that was needed at Reno was to put a name on each one.
Yes, I don't remember the exact numbers, but I do recall he said that he was fully funding the IPT Tour for the first 2 years with however many millions of dollars..............and now this.......
[
HOWEVER - None of this is, IMHO, a viable excuse for KT not paying Reno promptly. Why? Because he knew exactly how much the prize purse was for Reno months in advance of the tournament. He also must have know about the Ho deal a long time before telling the public and would have had plenty of time to setup a seperate prize fund for Reno that would not have been part of the Ho deal at all.
Never in promoting the IPT did he say the prize purse would be contigent on succesful negotiation of a business deal. The money should have been reserved, the checks should have been printed and all that was needed at Reno was to put a name on each one.
Yes, I don't remember the exact numbers, but I do recall he said that he was fully funding the IPT Tour for the first 2 years with however many millions of dollars..............and now this.......
AzHousePro said:
Kevin's got enough money to by the planet Earth. Why choose to piss on those who don't, just because you can?
Don't look now.... but players aren't being put "first". Sure, everyone appreciates what you've done and are trying to do "for pool", but don't say players come first when they don't. You've got plenty of cash to pay everyone. If you are a stand up guy and respect anyone besides yourself at all, write the damn checks and get on with it, man.
watchez said:
Dude.. Seriously. You should READ that law before you comment on it. It never was designed to make any sort of gambling illegal. There are other laws for that. And THOSE laws can and will be used if you try to have a store front somewhere where it is not specifically authorized.
What the new law DOES say, is that U.S. banks are not allowed to directly fund offshore gambling. Nothing says you can't deposit money into an offshore account as a go-between in order to move money to a gambling site. Nothing says you can't continue to gamble with what you already have in a gambling site, unless there is a specific state law prohibiting internet gambling, which noone pays attention to, anyways.
There is no Federal law that states offshore gambling is illegal. There may be state laws regarding such, but good luck enforcing them. If players actually pay their taxes on gambling winnings, even states with laws against internet gambling tend to look the other way.
Government never turns down free money.
Russ
what the heck does internet gambling have to do with a pool tourny? maybe you could bet on the matches online? the only reason the gov't want's it banned is because they can't get taxes from it.
Because
Casinos host big Pool tournaments. Casinos would plan on having betting sometime in the future on High Profile Pool Tournaments like the IPT's. The IPT would become a 'sideline' of the Casinos, while at the same time allowing the Casinos to expand their business into other areas. Thus Casinos could enact their 'global' plans for the future, as that is the way business is going nowdays.
BigDaddyInc. said:
Casinos host big Pool tournaments. Casinos would plan on having betting sometime in the future on High Profile Pool Tournaments like the IPT's. The IPT would become a 'sideline' of the Casinos, while at the same time allowing the Casinos to expand their business into other areas. Thus Casinos could enact their 'global' plans for the future, as that is the way business is going nowdays.
The new Electronic Gambling Payment Processing law is designed primarlily to stop bookmaking on sports. Essentially, places like BetOnSports and Bodog are acting in the same manner as your run of the mill mafia bookie. They lay down the spreads and take bets on them. It is illegal in the United States to do this over the phone which is what you are doing when you place a bet through the net. The goverment knows they can't stop this just as they can't shut down all the bookies. But they can stop the US banks from processing payments in the form of credits to chargecards and wire transfers that come from the firms who do online booking of bets. The main consensus is that the law does not prevent transactions for firms that have traditional "casino table games" in electronic form.
Where this probably affects the IPT deal (if there really is such a thing) is that any IPO of an "Onine Casino" is on shaky ground because the impending law has caused the stock prices of such currently listed ventures to crash.
I doubt that any investment bank wants to underwrite an IPO for an online casino company at the moment. I also doubt that this is the problem with the IPT finances. While there is every possibility the Trudeau was counting on some sort of cash infusion by the end of Reno it is painfully clear that this did not happen.
I continue to hope for the best. Sadly though it appears that either Trudeau does not have the personal wealth or access to enough money to cover the prize fund or if he does then he does not possess the common decency to live up to his promises of guaranteed prizemoney.
I believe that the IPT is indeed using the think tank of this forum both to tweak it's format as well as to pluck excuses.
Perhaps Buffet, Gates, and Ho don't read forums, but if Trudeau doesn't then his announcements are uncannily similar to the postulations found here weeks before. It is a fact of life that forums and blogs are becoming increasingly important for businesses to keep in step with pubic opinion and consumer demand.
Where this probably affects the IPT deal (if there really is such a thing) is that any IPO of an "Onine Casino" is on shaky ground because the impending law has caused the stock prices of such currently listed ventures to crash.
I doubt that any investment bank wants to underwrite an IPO for an online casino company at the moment. I also doubt that this is the problem with the IPT finances. While there is every possibility the Trudeau was counting on some sort of cash infusion by the end of Reno it is painfully clear that this did not happen.
I continue to hope for the best. Sadly though it appears that either Trudeau does not have the personal wealth or access to enough money to cover the prize fund or if he does then he does not possess the common decency to live up to his promises of guaranteed prizemoney.
I believe that the IPT is indeed using the think tank of this forum both to tweak it's format as well as to pluck excuses.
Perhaps Buffet, Gates, and Ho don't read forums, but if Trudeau doesn't then his announcements are uncannily similar to the postulations found here weeks before. It is a fact of life that forums and blogs are becoming increasingly important for businesses to keep in step with pubic opinion and consumer demand.