VILLENTO SHOWS 'EM HOW

(624) (7-October-2006)

One online casino that knows how to tell it like it is on the US online gambling bill

American players frustrated and angered by the speed with which many online gambling companies reversed away from US players in the aftermath of the proposed new US financial proposals, applauded one online casino this week for telling it like it is.

Villento Las Vegas , a tier one online casino managed by highly experienced industry executives advised its US players that it remained open for their business.  In a calm and level-headed, factual email, Villento told players:

"With all the sensationalism in the news, you may be wondering how the new bill will affect your ability to wager online at Villento.

"The new Bill did not make online casinos illegal and did not have any legal impact on players; players will not be guilty of an offence under this Bill.
 
"The Bill referred to illegal gaming operations, which online casino and poker rooms have never been proven to be. Only online Sports Betting operations have previously been deemed illegal in terms of the Federal Wire Act 1961.

"In time the Bill may have an impact on a player's ability to make deposits, however it remains to be seen what measures are introduced to enforce this bill and what measures are actually effective.

"In addition the industry is monitoring what effect (if any) the bill will have on the Alternative Payment Processors such as Neteller, Click 2 Pay, Firepay, Citadel etc, and how they are able to structure their operations so that they can continue to take deposits. These are extremely reputable payment organizations and it is likely that they will remain committed to finding solutions to allow players to deposit.
 
"Over the past years, the majority of online players have already moved from using credit cards to using one or more of these trusted alternative solutions.

"In all likelihood it will be at least 1 - 1 ½ years before we see some measures being effectively applied (the proponents of the bill have allowed 270 days for possible restrictive measures to be developed, and attempts to implement the measures are likely to take even longer).

"Villento remains committed to its USA players and will continue to provide an exemplary gaming experience.
 
"Villento will always honor all payouts and withdrawals, and will always uphold the high standards that are required in being a Microgaming licensed casino."

The email was a welcome departure from the doom and gloom associated with other companies, especially those quoted on stock exchanges which were striving to placate and reassure frightened investors this week.