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Poker and Law News Article

Statement of Commitment to U.S. Market made by Neteller

October 16, 2006

The online poker industry was dealt a nasty set of pocket cards with the passage of the Unlawful Internet Gambling Act. The entire market has been reeling since its announcement and many are rightfully curious as to what the fallout will be. Reactions have varied and experts have analyzed the bill from beginning to end.

The rightful conclusion is that the bill is designed to prevent U.S. banks from processing gaming transactions, but an important question for U.S. online poker players was, what would Neteller do?

Neteller provides financial transactions using the Internet. It is safe to say that most people that play online poker use Neteller to transfer funds. A large amount of transactions that relate to online poker are accomplished using Neteller. This is largely due to the fact that many poker players had trouble using their banks to fund online poker, even before the bill was passed. They had to use other methods, such as Neteller. It is possible that companies such as Neteller will be an online poker player’s only option when the bill is signed into law.

As such, many players were relieved to hear the statement made by Neteller’s Executive Vice President of Sales and Marketing, Bruce Elliot that they would be continuing their operations within the United States.

"We are staying in the U.S. I don’t think we have a problem."

This announcement should ease the minds of many U.S. players who were beginning to look at other options for playing poker online.

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