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Planet Poker's official response to the Unlawful Internet Gambling Act

3 Oct 2006

Planet Poker is located and operated in Curacao which is part of the Netherlands Antilles. Planet Poker does not have ownership or operations in the USA. Planet Poker has a fully authorized gaming operation license issued by the Curacao government. All aspects of operations and business conduct are endorsed and sanctioned by the Curacao government. Any bets placed by you are received and processed by Planet Poker in Curacao where accepting your bet is fully legal under Planet Poker's license. Customer records are held confidentially by Planet Poker, not the Curacao government.

On 30 September 2006, as part of approving the Safe Port Act, the U.S. Congress passed an act relating to internet gambling. Analysts report that when this act is signed by the President, changes will be enforced on the banking community to restrict financial transactions with internet gaming companies. It is unclear at this point how this new law may affect the banking organizations but financial processors are reporting that they anticipate having 270 days to seek clarification on the interpretation of the law.

The good news is that the legal community is reporting that the law does not target individuals and does not make it illegal for individuals to participate in online gaming. Additionally, with poker being identified as a game of skill, many legal experts feel that there is a reasonable chance that poker may eventually be excluded from the new law.

As always, your funds are secure and guaranteed with Planet Poker and until the banking community starts to understand the impact of the new law over the next several months it is business as usual. Planet Poker will ensure that its customers continue to receive the high quality of financial service that they have enjoyed for the past 7 years. You can rest assured that Planet Poker will be taking steps to make sure you have access to the site and be able to make deposits and withdrawals on a regular basis. Good luck at the tables!

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