US Law Will Have Negative Impact Says FirePay
Published: Tuesday, October 03, 2006 Online-Casinos.com
FIREPAY SAYS US LAW WILL HAVE A 'SIGNIFICANT NEGATIVE IMPACT'
Directors are evaluating the situation
The online e-cash processor Firepay issued the following statement on being asked for its position on the new financial restrictions envisaged by American legislators against online gambling in the Unlawful Internet Gambling Enforcement Act of 2006.
The company responded:
"The Act, upon becoming law, will prohibit gambling businesses from accepting any financial instrument in connection with unlawful Internet gambling. It will become law upon its approval by the President of the United States, which the company expects will occur in the immediate near term.
"The Act does not define "unlawful Internet gambling" nor does it make unlawful any activities by financial institutions that are not themselves gambling businesses. It further directs the United States Federal Reserve and the Department of the Treasury to develop regulations that would direct financial institutions to identify and block certain types of financial transactions connected with unlawful Internet gambling.
"The enactment of the Act will have a significant negative impact on the business and results of operations of the company, and the Board is evaluating the situation and will provide an update when appropriate."
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
