Absolute Poker has released a statement outlining their intention to provide a place for U.S. poker players to practice their skills online despite the enactment of the Unlawful Internet Gambling Enforcement Act (UIGEA) by President George W. Bush Friday.
A privately held business and one of the largest Internet poker rooms in the world, Absolute Poker's executives felt it necessary to issue a positive statement to its players about the future of poker for U.S. players at Absolute Poker. A majority of the statement has been reprinted below.
"After taking extensive advise from our legal team, Absolute Poker is pleased to announce that our core U.S.-facing online poker business remains unaffected in spite of the recent passage of legislation in the United States Congress, aimed at making U.S. customers ability to transact with some gaming Web sites more difficult.
"This has led some companies, mainly those whom are publicly traded and as such have to abide by specific rules and regulations, to choose to cease offering online gaming facilities to U.S. customers.
"It is the belief of our legal and executive team that online poker is a game of skill, and the prohibitions signed into law on Friday Oct. 13, 2006, by the President of the United States neither apply to online poker nor our business.
"All existing and new customers of Absolute Poker can rest assured their funds are safe and secure and that their online poker playing is entirely legal and can continue to enjoy playing poker uninterrupted at Absolute Poker - our business will operate entirely as normal ...
"Importantly Absolute Poker is a privately held operation, which gives our business model more flexibility and creativity in operating that our publicly held counterparts don't have. Furthermore, the Safe Ports Act passed by the U.S. Congress on September 30th neither prohibits nor makes it illegal for any U.S. customer to transact with Absolute Poker, and therefore, customers experience at Absolute Poker will not change. Our business continues to run as normal and our executive team expects to see the business to continue to grow in both the short and long term.
"We are exploring all of our options with our existing payment processors and ensure any existing or new customer that all funds are safe and secure. Indications are that many of our payment providers will be unaffected by this law and their business will also be able to operate uninterrupted and unimpeded.
"We are confident that our business, and that of our partners and suppliers, will be unaffected because while the U.S. Congress' efforts potentially could block transactions conducted within the U.S. banking system, many of our payment providers transactions are done within the framework of the international banking system, which the U.S. Congress has no control over."
Please see Absolute Poker for a full version of the statement.