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Thread: Playtech as a whole exits US markets???

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    Lord_Have_Mercy is offline Quit Gambling
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    Playtech as a whole exits US markets???

    As most of you probably have found out by now the bill that outlaws transactions from US based players towards online gambling has affected La Isla Casino and our US based customers. Due to the fact that Playtech is a public company (on the London stock exchange) they see no other choice then to currently block IP from the US for deposits and games.

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    So far the Golden Palace properties are still accepting US players.
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    Quote Originally Posted by Lord_Have_Mercy View Post
    Due to the fact that Playtech is a public company (on the London stock exchange) they see no other choice then to currently block IP from the US for deposits and games.

    It seems that most public company on the London stock exchange exits US markets --- Party poker, 888, Ladbroker,spotingbet......
    Last edited by handkey; 17th October 2006 at 08:05 PM.
    Free Flash Casino Games - - - - Free Play 400+ Flash Casino Games For Fun

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    This is from October 6th, a week before Boosh signed the Act. Well, this means that even Golden Palace's group of casinos is going to have to go too and even Twin Aces casino where I haven't heard anything from yet and was still accepting US players.

    Gambling Act
    06 October 2006
    Playtech Limited ("Playtech" or "the Company")

    Statement Regarding The Internet Gambling Enforcement Act 2006


    Playtech (AIM: PTEC), the international designer, developer and licensor of software for the gambling industry, announces that following the passing of the Internet Gambling Enforcement Act 2006, it will stop licensing its software to existing and future operators who accept bets from US players with effect from the date the Act becomes law.

    Playtech's software incorporates back-end features that enable operators to control and efficiently take such action to block specific jurisdictions. Accordingly the Company has requested that its existing licensees block transactions from players residing in the US as soon as practically possible following the Act's implementation.

    From the date of the Act's implementation, Playtech will waive its right to any licence fees with respect to any revenue generated from US players as identified in reports that the Company receives from its licensees.

    As previously stated, the Board is confident that the Company has substantial business development opportunities in Asia, Europe and South America and is supported by significant cash resources and operating cash flows. The Board reiterates that the Company's new business and product development pipeline, including commissioned products, is entirely focused on non-US markets, as are all new licensees.

    For further information:

    Avigur Zmora, CEO, Playtech Ltd
    c/o Bell Pottinger Tel: 020 7861 3232
    www.playtech.com

    David Rydell/ Peter Otero/ Amy Rajendran
    Bell Pottinger Corporate & Financial Tel: 020 7861 3232

    This information is provided by RNS
    The company news service from the London Stock Exchange

    END

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    Yes but.....

    The Golden Palace group is working on other solutions.

    Obviously they won't tell what that is until they have it working - or not.

    Meanwhile, they are still open for business as usual.
    dominique

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    Regarding Main Street Group...

    While looking at one of their (Diamond Deal's [Main Street Group]) promo emails, I decided to reply with the question to support: "Are you still accepting players from the U.S.?" I got the following response:

    Dear Cynthia,
    Thank you for choosing Diamond Deal Casino!!
    We would like to inform you that, in spite the US Government’s gambling restrictions; we are not performing any changes in our casino policies at this moment. We reassure you that in case anything varies, we will be immediately sending out an official statement.
    Please feel free to contact us again, should you have any further questions or concerns,

    Kind Regards,

    Donovan Carter
    Customer Service Representative
    Main Street Vegas Group


    Mike S. From USA is our New Jackpot Winner in Main Street Mania
    He won over $48,000.00 !!!
    **I guess they threw in that last statement to reassure us we would still be treated as any other player (able to win big)??

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    Westland Bowl (18th October 2006)

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    Twin Aces casino is one that I like very much and I've been waiting for the shoe to drop on this one. They are part of the Main Street Group and thanks Cynthia for the post.

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    I have it confirmed that the golden palace group as well as mainstreet are continuing to be open to all US players.
    dominique

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    When I was young, people called me a gambler. As the scale of my operations increased I became known as a speculator. Now I am called a banker. But I have been doing the same thing all the time.
    - Sir Ernest Cassel Private banker to King Edward VII

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    Re

    Man, I dont think Golden palace knows the term lay down unless its with someone naked in a pool of jello with thier banner on there chest,lol

    Ama
    " We are painting the Roses Red"

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    GrandMaster (19th October 2006)

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