Casinos.co.uk: Casino News Archive
Friday 1st December 2006
Poker Entrepreneur Says Website is Unaffected by the UIGEA
The impact of the Unlawful Internet Gambling Enforcement Act (UIGEA) on most online casinos and poker rooms has been widespread but one poker room appears to have emerged from the wreckage relatively unscathed.
Despite the passing of the UIGEA in October, profits at Tyler Hancock's online poker website are more or less back to where they were before the legislation was signed into law by President Bush.
Hancock explained that although US players had dropped from 85 per cent of his customers to 65 per cent after legislation came into effect, he had recruited more European and Canadian players to make up for the loss.
“My big players are never going to quit playing poker no matter what happens,” said Hancock. His website, FuturePokerPros.com, makes its money by taking a percentage of the winnings of each player it recruits for other online poker sites.
According to the Poker Players Alliance president, Michael Bolcerek, about 10 large online poker operators have withdrawn offering their services to US customers because the new law requires American financial institutions to block online gambling transactions.
“Smaller, private companies like Hancock's are still serving US customers while waiting to find out how the federal government decides to enforce the law,” Bolcerek added.
Source:OnlineCasinoNews
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