The Party Is Over

2. October 2006 | Category: 50outs

Here is an excerpt from a partypoker press release:

After taking extensive legal advice, the Board of PartyGaming Plc has concluded that the new legislation, if signed into law, will make it practically impossible to provide US residents with access to its real money poker and other real money gaming sites. As a result of this development, the Board of PartyGaming has determined that if the President signs the Act into law, the Company will suspend all real money gaming business with US residents, and such suspension will continue indefinitely, subject to clarification of the interpretation and enforcement of US law and the impact on financial institutions of this and other related legislation. Access to PartyGaming’s online gaming sites for the Group’s US free play customers will be unaffected. Access for all of PartyGaming’s non-US customers will also be unaffected.

All this happened this weekend, PartyPoker stock value is down 60% (Neteller also dramaticly down).

Here annother gem from 2+2 fits perfectly, phrased by a posters wife:

“In a country where it’s legal to carry a firearm this is absolutely ridiculous.”

To bad as I just witnessed the biggest online tournament in history, the WCOOP main event on pokerstars. 2510 player ponied up $2700 and pokerpro J.C. Tran won more than $670.000! This will prove to have been a historic tournament because as it looks now next will not see any significant US players there anymore (also things can change and maybe Mr. Bush refuses to sign that bill).

We’ll see how things develop over the next few weeks.

J.C. Tran wins WCOOP main event and 670k