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 A Poker and UIGEA Update

There is some speculation that they will be out in February instead of July, but this is speculation. Some online casino are discouraging the use of the NeTeller e-wallet since they are a U.S. based organization and apparently not planning on leaving the U.S. The industry is waiting to see how the regulations are written and if they are going to be affected. Most players already use an intermediary in dealing with their bingo establishments and most of these intermediaries are not located in the U.S.

The Unlawful Internet Gambling Enforcement Act was signed in October 2006. The immediate effect was the departure of the major and stock exchange listed companies from the U.S. market. The new law makes it illegal for financial institutions to process transactions between U.S. players and gambling companies. This means that players may not be able to make deposits and withdraw winnings. But online 
bingo online playing is still thriving in the United States. Players who had their accounts closed registered at other sites that still accept U.S. players. Many major poker rooms and online casinos are still accepting U.S. customers. The UIGEA regulations haven’t been published yet.

What will happen when the regulations are published? Nobody really knows, no matter what they say. How far will they go and how will enforcement be carried out are the big questions.  Come February or whenever the regulations are published, there may be another group of U.S. players finding their accounts closed.

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