Well-known online bingo company, Bingo Gringo has aired their views October 31, 2006 regarding the Unlawful Internet Gambling Enforcement Act (UIGEA) recently passed by the United States Congress earlier this month.
A spokesman for Bingo Gringo said that the management of Bingo Gringo has decided to suspend their operations in the U.S. mainland so that they could follow the provisions of the new law. Instead, Bingo Gringo will be focusing their attention to new and expanding markets like the British industry because U.K. has more open and liberal laws regarding online gambling and evidence of this intent is the launch of bingogringo.uk which has already gained loyal patrons in a span of months.
Bingo Gringo's original website, Bingogringo.com, has serviced American customers over the years and is content on what they have achieved over the span of their stay at the U.S. market.
UIGEA states that financial institutions, especially in the United States, are prohibited from transferring or processing financial transactions like credit card and cheque transfer for online gambling companies.
The spokesman further added that they are relieved that the launch of their European operations has coincided with this recent development in the United States. He added that he feels that they will not be severely affected by the new rule because of their European customers.
Thursday, November 09, 2006