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Change of ownership for Golden Casino

violetta

WELL KNOWN MEMBER
Change of ownership for Golden Casino      &lt; back</h1>18th of November 2009 <img class="thinborderfloatright" src="http://www.latestcasinobonuses.com/newsimages/2499/golden%20casino.png" alt="golden%20casino.png" />US pull-out follows sale to an undisclosed buyerCommunications to marketing affiliates of Golden Casino.com have thrown further light on yesterday's reports that the operation is to refuse new US members effective December 1st .The communication advises that the change in business model has been motivated by a change of ownership - the buyer is not disclosed - and notifies affiliates that ...in light of recent events one of our clients, Golden Casino, is in the process of being sold, and under the new ownership, Golden Casino will no longer be accepting new players as of December 1, 2009. Please note, however, this decision does not affect existing Golden Casino players and youll continue to be paid on their losses as long as the casino remains in operation. This clients decision does not affect the other 3 brands we represent (Online Vegas, GOCasino and Crazy Slots). The operators of these properties have reaffirmed their committment to continue operating within the US market so I wanted to make sure that you would have sufficient time to change your links and campaigns in order to promote the other 3 brands prior to December 1. -- Edited by queenmap on Thursday 19th of November 2009 05:32:34 PM
 
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violetta

WELL KNOWN MEMBER
Golden Casino to leave US market "
17th of November 2009"
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Speculation that the imminent implementation of the UIGEA regulations is the motivation"
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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."
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The notification to players advises them that from December 1st the online casino will not be accepting new accounts from US residents."
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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 ."
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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."
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The company has assured both players and affiliates that all monies owed will be paid.
 

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