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BOSS BOWS OUT OF US MARKET
(618) (6-October-2006)
Swedes will ban all US players from its licensees
Boss
Media , a Swedish Internet gambling software and service provider for
several leading online poker rooms, including CelebPoker , has said it
will ban all U.S. residents from accessing any software or financial
services it provides.
In a press release Boss blamed the ban on the recent passage of H.R.
4411, the Unlawful Internet Gambling Enforcement Act , in the U.S. Congress,
and the imminent enactment of the law, which is expected to be signed
by U.S. president George W. Bush this month.
The Boss press release announced:
"On Friday, 29 September, a bill that will ban Internet gambling
payment processing in the United States was added to another proposed
bill on national security, which most likely soon will be passed in its
entirety.
"As the bill on banned Internet gambling payment processing services
in the United States turns into formal law, Boss Media AB will immediately
take action to block American players resident in the United States from
accessing any such services and software provided by Boss Media."
The company admits the enactment of H.R. 4411 in the United States will
have a negative effect on net sales and earnings, and thus profit forecasts
made earlier this year will be lower than anticipated.
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