Quote:
Originally Posted by Barefootsies
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Oh please...thats pretty dumb.
If you really want to know who is behind the crackdown on gambling, you just have to think and follow the money. Its the land based gaming operations that stand to profit if the USA online gaming market is flattened. The USA govt doesnt take steps like this because of morality and ethical problems with gambling, they do it because there is money to be made. In this case its money that will be made by the corporate gambling institutions in the USA like MGM-Mirage, Harrahs Entertainment, Frontons and Parimutuels etc.
For those programs that use Epassporte (ourself included) this raises some real concerns. Due to the length of time it takes to wire money into Epassporte and the pressure to pay out immediately after accounting is done, most affiliate programs that use Epassporte consistently float large sums of money with Epassporte. This money isnt exactly FDIC insured and the threat of the USA gov't shaking this up with an indictment against Epassporte principals means more risk to this float money.
Within hours of the indictments against the Neteller principals, alot of online casinos were restricting access to funds held at Neteller.