11/18/09 – Golden Casino.com has advised its players that it is to leave the US market with effect from December 1st, which is the date on which US banks must cease processing online gambling transactions as the UIGEA regulations comes into effect.
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Vegas Tech-powered Golden Casino is widely believed to have been set up by the Golden Palace group in order to access the US market after the UIGEA was approved by Congress in 2006.
The notification to players advises them that from December 1st the online casino will not be accepting new accounts from US residents.
The decision to leave the US market may also be connected with recent reports that e-processors believed to have been associated with Golden Casino have been the subjects of US federal enforcement actions.
Existing accounts do not appear – at this stage anyway – to be affected by the decision, but exchanges on player message boards are already speculating on the advisability of leaving accounts open, especially where these contain credit balances.
The company has assured both players and affiliates that all monies owed will be paid.