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Does PartyPoker's Withdrawal from the U.S. in 2006 Now Make Sense?

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There was a lot of anger in the poker community back in 2006 when PartyPoker pulled out of the U.S. market after the passage of the Unlawful Internet Gambling Enforcement Act.

For years, it appeared that Party had made a huge mistake. The site's market share tumbled along with the company's stock price. PokerStars and Full Tilt Poker took over as the top dogs of online poker and thrived.

It's a much different story today. Perhaps PartyPoker knew what it was doing after all.

An agreement was announced Monday that Bwin.party would team up with U.S. casino operators MGM Resorts and Boyd...

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1

Yeah, it's great Party Poker might come back, they were the first I played and still my Favorite. However, I remember the Monster Jackpot that had been building and had alot of players money in it, which they said they refunded to players. I recieved nothing, after putting in quite a few hours on their JackPot tables and evey hand everybody played on those table money went in and from what I know (me getting nothing back) none went out.

11-05-2011 09:12

The08ofPoker (User Offline) Wrote 8 posts
since 04-19-2011

Beginner

2

Poker Stars looks like a hero compared to FT. I would really like to return to FT due to their software but suspect I will migrate over to pokerstars. PP's software was garbage

11-05-2011 10:37

bluestone77 (User Offline) Wrote 25 posts
since 04-19-2011

Beginner

3

The likelihood that the US DOJ will lift the progress towards an enforced Poker Prohibition in the U.S. is nil. The DOJ is making way too much money seizing millions of dollars easily from the comforts of comfortable offices to stop now. Look for a new round of indictments and seized cash from the poker sites that have replaced FTP & PokerStars in the U.S.

Keep in mind that the other work of the DOJ such as battling organized crime, drug profits, real crime that actually break written laws are less lucrative that poker sites. Crime lords & drug distribution kingpins also have a nasty habit of hiding & shooting back when approached ... it is hard work actually working to catch people that break clear laws on the books.

Why break a sweat when you can seize money over a vague law open to significant debate and just take the cash from a community that will never shoot back. The imposition of the current building poker prohibition in the US is completely understandable: It is making the DOJ a fortune with zero risk.

The political fallout is proving to be negligible for the DOJ & manageable (for now). PartyPoker was the first to fall to the tentative swing of the DOJ sword, yielding the DOJ over a hundred million in fines. You can bet that the profitability of THAT corporate cave-in was not lost on the US DOJ and immediate investigations were launched on PokerStars, Absolute/UB Poker, and FullTiltPoker. In a perfect world the US DOJ would have fleeced all three of these organizations. Unfortunately Absolute/UB has no real cash and FullTiltPoker cash removed by shareholders ... bad luck for the DOJ but all is not lost. The cash that the DOJ seized is mostly going to stay in the DOJ, with a token amount given back to the Groupe Tapis to defray their purchase of FullTiltPoker.

PartyPoker was caught early, & smart enough to stay away until the current Poker Prohibition in the US is lifted.

It will not be soon though ... there is still money to be seized by the DOJ and it is much much much easier to chase those evil online poker player US citizens than fight criminals with guns.

flintsword
"The lucky player is usually the player that knows how much to leave to chance."

www.myspace.com/flintsword

11-06-2011 07:47

flintsword (User Offline) Wrote 486 posts
since 04-16-2007

Advanced

4

All poker sites software is garbage . Have any of you inter net players every notice how bigger stacks always suck out on smaller stacks on the turn or river cards . Why is that so obvious in online poker because the software is design for time
consumption in tournaments sit & goes bounties shootouts and re-buys ect ect .It 's prevalent because the poker sites make money on games finishing in a timely manner and who can control the time of a game on the inter net but software.
Pause to think for a minute players. Finally have you players ever notice before the suck out on the turn or river cards comes that a split second pause before the card drop it is the system design to make the bigger stack win. Food for thought players . I still love online poker but if congress past this poker bill I hope and pray that they make every poker site in the USA make changes to this software problem. I have notify my senators who support online poker about this problem and i hope you players do the same.

01-20-2012 02:02

Yoland (User Offline) Wrote 16 posts
since 08-25-2008

Beginner

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