Playtech as a whole exits US markets???

Lord_Have_Mercy

Non-Gambler
Joined
Dec 6, 2004
Location
Parts, Unknown
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.
 

handkey

Dormant account
webmeister
Joined
Jul 17, 2005
Location
NJ
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......
 
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Westland Bowl

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PABnonaccred
CAG
Joined
Nov 1, 2005
Location
America
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
 

dominique

Dormant account
Joined
Jul 5, 2003
Location
The Boonies
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.
 

Cynthia777

Dormant account
Joined
Feb 4, 2006
Location
My house
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)??
 

Westland Bowl

Tin Foil Hat Club Member
PABnonaccred
CAG
Joined
Nov 1, 2005
Location
America
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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