BugsysClub Poker Network to continue accepting US-based players

17 Oct 2006

Regarding the recent bill passed regulating payments to online gaming sites-

Most important is that this bill does NOT make it illegal for individuals to play poker online.

The bill targets payment processors and US banks and is basically trying to make it difficult for online poker sites to allow their customers to fund their accounts (nothing new here really).

The bill does not take effect immediately. After the president signs the bill into law, a government board will have 270 days to come up with new regulations for the banks and payment processors to follow. And even after the regulations are published they will likely not go into effect immediately, since the banks and payment processors will need time to add systems to comply with the new regulations. Smaller banks have already stated they would not even have the necessary resources in place to monitor such transactions.

We want you to know that we will continue doing business with our US customers. We are a legal and licensed business in the Netherlands Antilles and none of our operations are carried out on US soil. We have no intention of closing USA player accounts or restricting their ability to play on BugsysClub.

The World Trade Organization ruling brought by Antigua and Barbuda has repeatedly instructed the United States to stop trying to block US residents from playing at such operations while the US simultaneously favors certain US operations (such as horse betting, lottery etc).

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	BugsysClub Poker Network to continue accepting US-based players 17 Oct 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> Regarding the recent bill passed regulating payments to online gaming sites- Most important is that this bill does NOT make it illegal for individuals to play poker online. The bill targets payment processors and US banks and is basically trying to make it difficult for online poker sites to allow their customers to fund their accounts (nothing new here really). The bill does not take effect immediately. After the president signs the bill into law, a government board will have 270 days to come up with new regulations for the banks and payment processors to follow. And even after the regulations are published they will likely not go into effect immediately, since the banks and payment processors will need time to add systems to comply with the new regulations. Smaller banks have already stated they would not even have the necessary resources in place to monitor such transactions. We want you to know that we will continue doing business with our US customers. We are a legal and licensed business in the Netherlands Antilles and none of our operations are carried out on US soil. We have no intention of closing USA player accounts or restricting their ability to play on BugsysClub. The World Trade Organization ruling brought by Antigua and Barbuda has repeatedly instructed the United States to stop trying to block US residents from playing at such operations while the US simultaneously favors certain US operations (such as horse betting, lottery etc).