Brave few stay in US gambling market

PokerStars
The biggest company to announce that it will still do business with the U.S. is PokerStars. In response to the signing into law of the The Unlawful Internet Gambling Enforcement Act of 2006 the company stated:
“These provisions do not alter the U.S. legal situation with respect to online poker…. It is important to emphasise that the act does not in any way prohibit you from playing online poker. PokerStars believes that poker is a game of skill… Our business continues as before, open to players worldwide including the U.S… You may play on our site as you did prior to the act.”

PokerStars main banker is believed to be the Royal Bank of Scotland. PokerStars is a privately held company.

Neteller
Neteller, the leading internet money transfer business, has got a “wait and see” strategy. In a recent announcement to the London Stock Exchange the company stated:

“As stated in an announcement of 2 October 2006, the Company, in conjunction with its advisers, continues to monitor the progress of the Act and likely resultant regulations. The Company expects to have a clearer view of how financial services companies can comply and any possible resulting impact on its business as the regulations are drafted in the 270 days following the signing of the Act. In the meantime, the Company will continue to operate its business to minimise any potential adverse impact, maintaining existing customer and merchant support across all the markets it currently serves.

Neteller’s main banker is believed to be Barclays. Neteller is listed on the AIM market of the London Stock Exchange.


No Responses to “Brave few stay in US gambling market”  

  1. No Comments

Leave a Reply