Citadel has announced they are exiting the US market effective immediately. The press release is below and coming on the heels of the news about Neteller and InstaCash this isn’t good news. Still, people on message boards are still in denial claiming these are isolated cases. I guess they’ll just one by one be isolated cases until you’re jumping on a plane to hand deliver cash to your favorite card room :-)
VANCOUVER, Jan. 17 /CNW/ – ESI Entertainment Systems Inc. (“ESI”) (TSX: ESY), a leading provider of products and services to international organizations and the gaming industry, today announces that effective immediately it’s subsidiary Citadel Commerce Corp. will no longer offer financial processing to non-domestic Internet Gaming merchants for USA consumers.
The Company was looking forward to complying with the new Regulations for financial processors under the Unlawful Internet Gambling Enforcement Act of 2006 passed on October 13, 2006 but this decision was made by the ESI Board of Directors in the light of recent US Department of Justice enforcement actions against financial processors executives.
This decision will have a material impact on the financial condition of the Company as a substantial part of its revenues was derived from non-domestic Internet Gaming merchants for USA consumers.
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* Absolute Poker and Ultimate Bet (UB) ** May not be available to all players *** Poker Heaven, Fortune Poker, InterPoker, Paradise Poker
Hi, my name is Bill Rini and this is my poker blog. I've been blogging about poker and the poker industry since around 2003-ish. Like most people I started out playing poker as entertainment in home games whenever we wanted to sit around and smoke cigars, drink beer, and eat pizza, and needed a good excuse. I started playing online shortly after the first online card rooms opened and it wasn't long before I was playing 20, 30, or even 40 hours a week or more. One day I received a phone call about a program manager position at Tiltware which was the company that consulted to Full Tilt Poker on software development and marketing. After Tiltware I spent about 2.5 years working at Party Poker where I was the poker room manager.
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