Re: Any online gambling fans here? Thoughts on new law
Here's the e-mail I got from Holdempoker.com today:
U.S. Restrictions
On September 30th 2006 the U.S. Congress passed the SAFE Port Act which also contained certain provisions known as the Unlawful Internet Gambling Enforcement Act of 2006 that affects the processing of payments between U.S. customers and online gaming companies. The legislation was signed into law by President George W Bush on October 13th 2006.
We regret that the U.S. has taken this step to make it virtually impossible to offer real money entertainment to U.S. customers. It is doubtful that the U.S. authorities will achieve their stated goals by introducing such legislation. We believe that a properly monitored forward-looking regulation would be much more effective than this general ban.
Entirely due to this new law, we are disappointed to announce the following restrictions for all customers within the U.S.:
Depositing Restrictions
As officially stated before, we have been working on a technical solution to restrict all customers within the U.S. from depositing new funds at HoldemPoker.com. This solution will be implemented on October 25th.
Real Money Restrictions
We will have implemented the technical solution to restrict all customers within the U.S. from accessing our real money games starting Monday, November 6th. After that time you will still be able to login to HoldemPoker.com, enjoy all of our play money games and withdraw funds from your account at your convenience.
Cash-Outs
Your funds will continue to be safe, secure and yours, and will be transferred to you at your request. The option to cash-out will remain available to you.
Unused Tournament Tickets
Valid tournament tickets are as good as cash and will be refunded to your account once the U.S. restrictions are implemented on November 6th. It may take some days for all tickets to be processed into cash, and only valid tickets (not expired) at the time of the U.S. restriction will be refunded.
Player Points/Club Points
Player points and club points will be inaccessible to all U.S. customers once the changes go live; but this does not mean that your points will expire. Your hard earned points will be stored indefinitely, in the event of real money play becoming available again. Until the U.S. restrictions are in place on November 6th you are free to use your points in Club Holdem.
Pending Bonuses
Pending bonus tasks will be void after the U.S. restrictions come into effect on November 6th, as it will not be possible to collect player points via our real money games. Until the Real Money restriction is in place you can continue to collect points to clear bonuses in your account.
At HoldemPoker.com, we are of course very sorry for this development and we hope that we get the chance to meet all our U.S. players again in Real Money games, as we are aiming to offer real money games as soon as the legislation allows us to. We will do our utmost to continuously keep you up to date with future developments.
HoldemPoker.com
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Steve
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