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Old 10-04-2006, 11:06 AM
Tom Bayes Tom Bayes is offline
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Join Date: Nov 2003
Posts: 891
Default Reaction from JetSet Poker

Most of you have never played at (or heard of) JetSet Poker. For completeness, here's the email I got from them. They want us for now.

Dear xxxx [Tom Bayes],

Thank you very much for your message and reaching us in this matter.

As you may be aware the Senate on September 30, 2006 ratified HR4954 "Safe Ports Act" that includes legislation endeavoring to make it illegal for financial institutions to process transactions for the purpose of funding online gaming.

It is important to note at the outset that JetSetPoker.com is not a public company, which accords us the opportunity to respond nimbly to these market occurrences where are industry brethren may not be able to do so in a commercially reasonable timeframe. In the short term, we are confident your experiences at JetSetPoker.com will remain the status quo and you shall be able to deposit and withdraw money with no incident as your funds remain secure and safe. We however are unable to predict how the online poker industry may change in the future, given that the Board of Governors of the Federal Reserve System of the United States has 270
days to recommend rules that may affect payment processing after the bill becomes law. Lastly, in this regard when signed by the President this legislation will not seek to criminalize individuals for playing poker online. The goal of this bill is to eventually attempt to prevent the transfer of funds to online gaming sites.

Please rest assured that we shall vigilantly monitor this process and if anything should change we will dutifully relay any and all conclusions.

Additionally, we anticipate that our business may not be greatly affected in the near and intermediate term as the immediate efforts of enforcing this law will be to potentially block transactions conducted within the U.S. banking system, while the payment processing partners of
JetSetPoker.com are beyond the confines of this jurisdiction. We would anticipate that in the near to immediate term that the U.S. may encounter difficulties in asserting their laws on companies in foreign jurisdictions.

In closing we thank you for your inquiries and continued patronage at JetSetPoker.com and if there is anything further with which we may assist please do not hesitate to contact us again at your leisure.

Best regards,

Brendan
JetSetPoker.com
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