Game Types
Bonuses
Slots
More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search
 
Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW!
 

21magic announces it is no longer accepting wagers from U.S. players

31 Oct 2006

In response to the Unlawful Internet Gambling Enforcement Act, 21magic announced they are no longer accepting U.S. players. The following statement from Playtech Limited was provided by 21magic.com:

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

 
About Us | Advertising | Publications | Land Casinos