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06-03-2010, 01:03 AM
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#1
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Registered User
Join Date: Jan 2009
Posts: 1,288
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Penn National cuts off credit cards
Its phone betting service can no longer take credit card deposits. Wonder if this will affect other operations?
http://www.pennnational.com/headline...75494724.shtml
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06-03-2010, 02:43 AM
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#2
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Registered User
Join Date: Oct 2002
Location: Edmonton, Alberta, Canada
Posts: 2,412
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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
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~"Common sense isn't so common."
--Voltaire
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Last edited by trying2win; 06-03-2010 at 02:49 AM.
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06-03-2010, 09:46 AM
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#3
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Registered User
Join Date: Feb 2004
Location: Etobicoke, ON, CANADA
Posts: 1,022
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Is this change related to the UIGEA or a different government policy change?
UIGEA = Safe Port Act
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06-03-2010, 10:00 AM
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#4
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Registered User
Join Date: May 2008
Posts: 1,556
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Quote:
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Originally Posted by stu
Is this change related to the UIGEA or a different government policy change?
UIGEA = Safe Port Act |
The notice at Twinspires references UIGEA.
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06-03-2010, 11:22 AM
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#5
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Registered User
Join Date: Jan 2006
Posts: 28,569
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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...
Last edited by thaskalos; 06-03-2010 at 11:37 AM.
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06-03-2010, 12:39 PM
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#6
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Registered User
Join Date: Apr 2010
Location: Still in Cali!
Posts: 677
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Frank
"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!?
__________________
If you cannot control the bettors, control the law.
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06-03-2010, 12:48 PM
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#7
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Registered User
Join Date: Jan 2009
Posts: 1,288
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Is that on the web site? I'm not seeing anything at twinspires.com?
Quote:
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Originally Posted by JBmadera
The notice at Twinspires references UIGEA.
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06-03-2010, 12:59 PM
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#8
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Registered User
Join Date: Jan 2003
Posts: 2,960
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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.
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06-03-2010, 02:14 PM
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#9
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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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.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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06-03-2010, 02:22 PM
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#10
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Registered User
Join Date: May 2008
Posts: 1,556
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Quote:
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Originally Posted by slew101
Is that on the web site? I'm not seeing anything at twinspires.com?
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yes, it's one of the banners at the top. the other is something about a belmont p6 players pool.
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06-03-2010, 02:35 PM
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#11
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Registered User
Join Date: Oct 2002
Posts: 4,156
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Quote:
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Originally Posted by Robert Goren
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.
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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.
Last edited by ddog; 06-03-2010 at 02:37 PM.
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06-03-2010, 03:15 PM
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#12
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by ddog
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.
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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.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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06-03-2010, 04:45 PM
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#13
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Registered User
Join Date: Apr 2008
Posts: 359
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Quote:
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Originally Posted by ddog
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.
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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.
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06-04-2010, 03:55 AM
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#14
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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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.
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06-04-2010, 04:09 AM
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#15
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Registered User
Join Date: Oct 2002
Location: Edmonton, Alberta, Canada
Posts: 2,412
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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
Last edited by trying2win; 06-04-2010 at 04:11 AM.
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