Wait And See With Caution, Says Fairground
Published: Tuesday, October 03, 2006 Online-Casinos.com
WAIT AND SEE WITH CAUTION, SAYS FAIRGROUND
Online gambling consolidator is seeking clarity on new US law
Fairground Gaming Holdings plc, the online gaming consolidator that recently acquired the Palace online casino and poker group, is taking a cautious, wait-and-see approach to the changing situation in America.
In a special statement regarding US legislation developments the Board of Fairground makes the following statement in light of the passing by the United States Congress on 30 September 2006, of The Safe Port Act, which included the Unlawful Internet Gambling Enforcement Act.
"Fairground notes the developments in the USA and is seeking clarity on the full implications of the Act. If so advised, the board will suspend participation by US based customers in activities covered by the legislation. In the six months to 30 June 2006, revenues from US players amounted to approximately 70 percent of the Group's net gaming revenues.
"Whilst continuing to monitor the situation, Fairground intends to proceed with appropriate caution in evaluating opportunities for further geographical diversification."
