Saturday, January 13, 2007

Since 1998, Pinnacle Sports has been doing online business with US citizens
who enjoy gambling, but when American gamblers signed onto their accounts
this morning, they were informed they could no longer place bets with this
sports book located in Curacao. Pinnacle's "main man" gave EOG an exclusive
interview this morning and here is some of what he had to say: "It is with
sadness that we have chosen to leave the US market, but we are so grateful
for all the customers we've acquired throughout the years" When asked why
Pinnacle Sports elected not to give any advance notice, he stated the
following: "We didn't want anyone to have time to take shots at us." He
started to reflect at this point: "When the U.S. focuses on something and
says 'enough," and when they go to 'war,' no individual company can possibly
win in a fight of this nature." "Since the Internet Gambling Bill went into
effect, we have lost the ability to do business with many quality banks."
"Fortunately, 35-40% of our current gambling business is non US driven, and
perhaps more importantly, we are experiencing stronger growth in Europe and
Asia, than we are in the United States."