PartyGaming & 888 Holdings prepare to halt US operations
MarketWatch reports that PartyGaming (PartyPoker) and 888 Holdings have announced that they will stop their internet gambling operations in the United States as soon as the port security bill banning transfer of funds to online casinos is approved by the president. UK shares of companies involved in online gambling lost as much as 75% of their value Monday and the total paper wealth loss is estimated at $7.5 billion. Online casino GoldenPalace.com/.net is a major sponsor of IFOCE events.
While Congress succeeded in attaching a completely unrelated measure to the port security bill, it failed to attach a provision to that legislation that would have barred serious felons from working in sensitive dock security jobs.
updated pokerplayernewspaper has an analysis of the legislation which mentions Golden Palace’s sponsorships
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Anonyomous said
October 3, 2006 @ 12:30 am
I am sure this is music to the ears of of the aice.That will basically cripple the IFOCE. Without goldenpalace its back to cheesecake and pasta contests in nyc with no prize money. Chestnut and co . its time to be good boys and go back to school. The party is coming to an end !
Rhonda Evans said
October 3, 2006 @ 9:56 am
Anonymous you are absolutely either very shallow in your thinking on this or you’re up for an academy award. That’s a minor hiccup. Such legislation will likely a boon to the US gaming industry in the US (i.e.Tropicana, Barrick Gaming), with other US-based gaming companies following suit in offering increased prize monies. Additionally, look at who else offers some of the top purses now Johnsonville Brats and Krystal Burger, who are not even affilliated with gaming.
Fact Checker said
October 4, 2006 @ 9:31 am
Both Anonymous & Rhonda make valid points. In last 12 months, of 70 paying IFOCE contests 32 were sponsored by goldenpalace. Of the remaining 38, 33 have been by different sponsors. So no goldenpalace will not cripple the IFOCE but if they pull out then the IFOCE will have to drum up business so the calendar is not spotty as it was before goldenpalace.
Brazen said (Registered August 3, 2006)
October 4, 2006 @ 10:20 am
When money is tight, The Full Monty and Calendar Girls showed that when the going gets tough, the tough get naked. A tasteful strip show or artfully posed nude calendar (with rude bits covered with appropriate foodstuffs) would be sure to raise much-needed funds to keep competitive eating at its glorious best. I for one have reserved a place on my wall for Competitive Eaters In The Buff 2007.
Ed Charles said
October 4, 2006 @ 11:06 am
When they nailed down the goldenpalace account the ifoce brass must have been estatic. I will bet they went out for drinks to celebrate. Gone were the days of contacting individual sponsors or food chains and restauratnts. goldenpalace took care of the prize money, types of food and other goodies. I think the best way to solve this is to screw the aice by comprising a list of all their sponsors and use the old ifoce power to take over.
"Jim Fowler" said
October 4, 2006 @ 1:32 pm
What happens to the Goldenpalace.com Monkey? Will he still have a name, or can I call him Steve now?
http://en.wikipedia.org/wiki/GoldenPalace.com_Monkey
Monkey Lover said
October 4, 2006 @ 1:58 pm
He is now to be known as Monkey X, and when tourists on safari see him he will raise his arms in an X.
"Jim Fowler" said
October 4, 2006 @ 3:25 pm
That’s a monkey I could learn to love.
Dirty Hippie said
October 4, 2006 @ 4:00 pm
GoldenPalace.com should have named the monkey species “Spanking The” just to show how ridiculous it is to auction off the rights to name a monkey – how arrogant and genocidal is it that humans think they own nature?
Skinnyboy said (Registered September 17, 2006)
October 6, 2006 @ 7:27 pm
goldenpalace news.. read it..
http://dogsarefunyes.blogspot.com/2006/10/bartender.html
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