Originally Posted by jibi
Needless to say, the new legislation prohibiting transfers to/from these sites has had very little effect on the industry.
I'm not sure where you got your information from but speaking from the industry the new legislation has had a huge impact on every gambling site allowing real cash play. The following Monday morning every parent company took huge stock hits from ranging from 38%-78%. The biggest investor of PartyGaming, the largest online betting company lost $1.3 billion.
Apart from the actual gaming sites, many of the software companies that create poker platforms also took huge hits.
As a player and investor all I can say is this legislation is just ridiculous. Rather than find ways to regulate it like many other countries are doing prohibiting play or implementing fines and/or penalties to financial institutions will only lead to more illegal ways of online gambling.