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View Full Version : Penn National cuts off credit cards


slew101
06-03-2010, 02:03 AM
Its phone betting service can no longer take credit card deposits. Wonder if this will affect other operations?

http://www.pennnational.com/headlines/news/1275494724.shtml

trying2win
06-03-2010, 03:43 AM
A few hours ago, I saw a notice about the cutting off of credit card acceptance at www.ebetusa.com , which is a subsidiary of Penn National Gaming Inc.

It seems this is U.S. Federal politicians not using common sense again. One of my favorite acronyms that describe politicians, is that at least 80% of them suffer from at least one of the symptoms of 'GASSS' (from the first letters of these symptoms):

1. GREEDY
2. ARROGANT
3. STUPID
4. SPINELESS
5. SPENDTHRIFT

--In this case, in my opinion, Item # 3 is front and centre. How stupid can they get? Horse players want the convenience of betting the ponies online, and don't want to wait a week for their money order to arrive via snail mail at their favorite ADW....thus they like the option of funding their account with a credit card, because the money goes in their account almost immediately.

--Hello U.S. Federal politicians!..if you're worried gambling on the internet is
ruining people's lives...yes I agree if you want to shut down credit card usage for funding casino gambling online, but that Feds should also ban the usage of debit cards at walk-in casinos.

As a matter of fact, if the U.S. Federal politicians (and Canadians ones too) want to make a difference in peoples lives, they should ban casinos (including slot machines everywhere) altogether in Canada and USA, and just allow casinos in Nevada and at Atlantic City in New Jersey. This way, people
living in communities without casino-type gambling, would spend more on regular businesses, thus bringing prosperity and jobs for their area.

In my opinion, casino gambling causes far more financial and social problems for the addicted ones and their families, than betting on horse races. I beg to differ about all false promotions about how allowing a new casino in your area will bring prosperity to your community, and how part of the casino profits will provide a lot more government programs for the needy. Give me a break! I'd dare to venture, that for every dollar that governments haul in on casino gambling profits, that they spend three dollars to fix social problems caused by casino gambling addictions.

T2W
------------------------------------------------------------------------
~"Common sense isn't so common."

--Voltaire
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stu
06-03-2010, 10:46 AM
Is this change related to the UIGEA or a different government policy change?

UIGEA = Safe Port Act (http://en.wikipedia.org/wiki/SAFE_Port_Act)

JBmadera
06-03-2010, 11:00 AM
Is this change related to the UIGEA or a different government policy change?

UIGEA = Safe Port Act (http://en.wikipedia.org/wiki/SAFE_Port_Act)

The notice at Twinspires references UIGEA.

thaskalos
06-03-2010, 12:22 PM
I think this has more to do with the current state of the economy. Credit card defaulting is at an all time high, and gamblers have never been considered to be the most responsible people in the world to begin with...

I disagree, of course...

kenwoodall2
06-03-2010, 01:39 PM
"In May 2009, U.S. Congressman Barney Frank introduced a bill to overturn the gambling aspects of the Act, “The Internet Gambling Regulation, Consumer Protection, and Enforcement Act,” which seeks to repeal the major online gaming obstacles of the UIGEA and go further in protecting Americans from fraud, while safeguarding against underage and problem gamblers.[21]

Frank also introduced a bill to delay the implementations of the UIGEA for one year, until Dec. 1, 2010.[22] The bill was put into effect, however, the regulations were only extended until June. 1, 2010." Also says horse race betting is exempt!?

slew101
06-03-2010, 01:48 PM
Is that on the web site? I'm not seeing anything at twinspires.com?

The notice at Twinspires references UIGEA.

Pace Cap'n
06-03-2010, 01:59 PM
While horseracing is exempt from the UIEGA regulations, many financial institutions will not want to be bothered trying to decide the purpose of each transaction, and instead, not allow any of them.

Robert Goren
06-03-2010, 03:14 PM
Thank you, Tea Party favorite Sen. Jon Kyl (R-AZ). It is kind of ironic that man Tea Party gamblers love is behind this and the man they love to hate is trying get rid of it.

JBmadera
06-03-2010, 03:22 PM
Is that on the web site? I'm not seeing anything at twinspires.com?

yes, it's one of the banners at the top. the other is something about a belmont p6 players pool.

ddog
06-03-2010, 03:35 PM
Thank you, Tea Party favorite Sen. Jon Kyl (R-AZ). It is kind of ironic that man Tea Party gamblers love is behind this and the man they love to hate is trying get rid of it.


bawney frankenstein is for anything that will help his banker asshole buddies.
That's all , he doesn't care about a horseplayer. Far as the banks are concerned they would like all reporting constraints lifted on transactions - terror money - drug money - porn money, you name it. They are not your friend and neither is bawney.

Robert Goren
06-03-2010, 04:15 PM
bawney frankenstein is for anything that will help his banker asshole buddies.
That's all , he doesn't care about a horseplayer. Far as the banks are concerned they would like all reporting constraints lifted on transactions - terror money - drug money - porn money, you name it. They are not your friend and neither is bawney. You may or not be right about Barney Frank, I can guarantee that Kyl hates anything that has to do with gambling. He makes no bones about. If you don't believe me, fire off an E-Mail and ask him.

Tread
06-03-2010, 05:45 PM
bawney frankenstein is for anything that will help his banker asshole buddies.
That's all , he doesn't care about a horseplayer. Far as the banks are concerned they would like all reporting constraints lifted on transactions - terror money - drug money - porn money, you name it. They are not your friend and neither is bawney.

You could not possibly be more wrong about this if you tried. Frank has been a LONG time supporter of online poker playing and hates this bill because it basically makes any online poker playing illegal. Why don't you put down your partisan hate and actually get your facts straight before futher polluting the world with garbage like this post.

PaceAdvantage
06-04-2010, 04:55 AM
And this is why I consistently EDIT OUT any non-related political discussions from the horse racing section.

Absolutely NO REASON to bring up the TEA PARTY into this discussion.

I would have simply deleted all of these off-topic posts, but decided instead to make yet another example of WHAT NOT TO DO.

trying2win
06-04-2010, 05:09 AM
Okay, we've seen EBETUSA and TWINSPIRES declaring they won't accept credit cards for a deposit method, and yet I don't see any indication of any other ADWS following this same path so far. How come? Hmmm, since EBETUSA and TWINSPIRES are owned by companies that operate racetracks, are they hoping with this new deposit restriction, that those bettors affected will now flock out to their racetracks and spend lots of money there? But then again, if that speculation was true, you'd think XPRESSBET would have jumped on the 'no credit card' band wagon too'. An interesting mystery.

T2W

horses4courses
06-04-2010, 10:16 AM
And this is why I consistently EDIT OUT any non-related political discussions from the horse racing section.

Absolutely NO REASON to bring up the TEA PARTY into this discussion.

I would have simply deleted all of these off-topic posts, but decided instead to make yet another example of WHAT NOT TO DO.

Aww, come on PA.
Please forgive Mr. Goren for linking Senator Kyl and the Tea Party.
After all, the good Senator makes a stand for all that is right and pure in this nation. He is the perfect poster child for the TP......

"And lead us not into temptation,
but deliver us from evil"............

Just gives you the warm fuzzies, don't it?

Robert Goren
06-04-2010, 10:32 AM
And this is why I consistently EDIT OUT any non-related political discussions from the horse racing section.

Absolutely NO REASON to bring up the TEA PARTY into this discussion.

I would have simply deleted all of these off-topic posts, but decided instead to make yet another example of WHAT NOT TO DO.Sorry, but the UIGEA is the cause of credit cards being turned. It is a political issue. It is very sore point with us who have fought to get it repealed. I think when something like this come up and people start bitching about it, they should know which of their politicians are responsible for it. I know some people don't like hear how some their favorites politicians are shafting horse racing at every turn. But if we continue with this head in the sand approach, there will be no horse racing. If you like I could start a thread in the off topic section on this, but in this case and many others horse racing and politics are intertwined.

PaceAdvantage
06-04-2010, 10:54 AM
Sorry, but the UIGEA is the cause of credit cards being turned. It is a political issue. It is very sore point with us who have fought to get it repealed. I think when something like this come up and people start bitching about it, they should know which of their politicians are responsible for it. I know some people don't like hear how some their favorites politicians are shafting horse racing at every turn. But if we continue with this head in the sand approach, there will be no horse racing. If you like I could start a thread in the off topic section on this, but in this case and many others horse racing and politics are intertwined.Nobody said you couldn't talk about what politicians are responsible for the bill. That would be directly related to racing and ADWs as their actions had a direct effect on the industry.

You however, are going off in a totally different (and totally unrelated I might add) direction by injecting the Tea Party into this...one whose results only can be a flame-fest of epic political proportions. That's what off-topic is for..

slew101
06-04-2010, 11:15 AM
I think it's likely the legal suits telling them it's not worth it, since you'll be having customers calling left and right complaining about the cards being rejected. Many bettors will have no idea what is going on. Problem is it will cost them a lot of money from bettors.

Okay, we've seen EBETUSA and TWINSPIRES declaring they won't accept credit cards for a deposit method, and yet I don't see any indication of any other ADWS following this same path so far. How come? Hmmm, since EBETUSA and TWINSPIRES are owned by companies that operate racetracks, are they hoping with this new deposit restriction, that those bettors affected will now flock out to their racetracks and spend lots of money there? But then again, if that speculation was true, you'd think XPRESSBET would have jumped on the 'no credit card' band wagon too'. An interesting mystery.

T2W

Nets
06-04-2010, 11:25 AM
I use my debit card to make deposits. However, when I use it at a store they will always ask "debit or credit?" Does anyone know if this will affect the use of debit cards?

thespaah
06-04-2010, 01:55 PM
Is this change related to the UIGEA or a different government policy change?

UIGEA = Safe Port Act (http://en.wikipedia.org/wiki/SAFE_Port_Act)You can thank two federal legislators for sneaking in anti-wagring clauses into the Ports Bill.
At the insistance of their Bible thumping constituencies, the internet gaming clause was placed in the Port bill. Ridiculous.
I cannot stand how people in Congress can secretly place unrelated schit into spending or other type of bills. These "attachments" frequently are shoved into bills under the cover of darkness and without debate.

thespaah
06-04-2010, 02:05 PM
You may or not be right about Barney Frank, I can guarantee that Kyl hates anything that has to do with gambling. He makes no bones about. If you don't believe me, fire off an E-Mail and ask him.
People like Kyl are in the pocket of certain constiuencies. In Kyl's case it is the church people. He does what they say.
Radical Christian rightists are anti-gambling. If it were up to them all forms of wagering would be illegal. It's all about control. Bible thumpers are just as bad as tax and spend liberals. They both think the eanings of indivuduals beling to them.

ddog
06-04-2010, 02:09 PM
You could not possibly be more wrong about this if you tried. Frank has been a LONG time supporter of online poker playing and hates this bill because it basically makes any online poker playing illegal. Why don't you put down your partisan hate and actually get your facts straight before futher polluting the world with garbage like this post.


we were not talking about poker playing, but funding of horse players accounts via credit cards.



there is nothing anti-gambling about restrictions on funding using debit/credit cards.

You can fund in many other ways.


P.s. offtopic- i don't hate bawney , i admire bawney , it takes a brass set(maybe small but none the less brass) to be as wrong on most everything as he has been proven and still be oblivious to the damage he causes.

thespaah
06-04-2010, 02:38 PM
You could not possibly be more wrong about this if you tried. Frank has been a LONG time supporter of online poker playing and hates this bill because it basically makes any online poker playing illegal. Why don't you put down your partisan hate and actually get your facts straight before futher polluting the world with garbage like this post.Correct. For all of Frank's liberal posturing and pontificating, he has been a friend to on-line wagering interests.
In fact it was Frank who demanded banks take their company names off the sporting events they sponsor.
The Quail Hollow Championship for example is still sponsored by Wachovia( Now Wells Fargo Bank) but the bank does not dare place it's name on anything because of Frank.

OntheRail
06-22-2010, 01:08 PM
I use my debit card to make deposits. However, when I use it at a store they will always ask "debit or credit?" Does anyone know if this will affect the use of debit cards?

:mad: Yes any card that has Visa... MasterCard or any other credit card processor embossed on it will not work. So your (insert bank) Visa/Mastercard Debit card is locked out. Not by any of the online venues but by the CC Companies. I can understand blocking a Credit Card as it's not your monies that it at risk... but a Debit Card is your money and you should be able to enjoy it any way you like. Now the places like youbet what you to give them all your checking info so they can dip right in and take it.. sorry don't trust that one bit. Or you have to get a green dot card at $4.95 a pop and now they have a limit on the number of those that can be used each month.

Now what I was told from my ex bank was that any check issued from a online gaming place would not be cashed. Anyone else run into that type on crap? :bang:

I think we should file a class action suit against the banks and processing company as we all had been told that a debit card could be used anytime just like cash.. and safe for ALL ONLINE transactions. Which is now a LIE!

OntheRail
06-22-2010, 01:21 PM
You can thank two federal legislators for sneaking in anti-wagring clauses into the Ports Bill.
At the insistance of their Bible thumping constituencies, the internet gaming clause was placed in the Port bill. Ridiculous.
I cannot stand how people in Congress can secretly place unrelated schit into spending or other type of bills. These "attachments" frequently are shoved into bills under the cover of darkness and without debate.

Aw yes the EAR MARK. Was that also not one of the things BO said he'd put a stop to. I'll sign no bill that has Ear Marks. I'll Stop the War in 9 months... I wont hire/appoint Lobbyist. The only I believe is he won't be a 2 term-er. ;)

Robert Goren
06-22-2010, 01:44 PM
That bill was passed in 2006. Poker players felt its wrath almost immediately. Now it is the horseplayer's turn. Internet gambling is under attack. We must very careful who we elect or it will go away. They almost have enough votes to do it. If you don't know where your congressman or senator stands ask him. Be sure and find out where a candidate stands before you vote for them.

BombsAway Bob
06-24-2010, 01:20 AM
This could be a Tremendous opportunity for a CC Issuer that wants to increase market share (Hello, AMEX/Discover/Blue).
Forge a Deal with the NTRA, & an advertising Deal with ADWS & Tracks, promoting Availability of funding ADW accounts using their CC product!
It would be a MAJOR "Screw You, Mastercard/Visa" statement, & completely legal.