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A Golden Update

The news that Golden Casino was firmly backing out of the US gambling market was a bit of a shock to the US gamblers who rely on only a handful of sites that have been willing to violate US rules and illegally operate in the US market. In more recent months, the US Department of Justice has really begun to crack down on these online casinos and there is more danger than ever for the gambling companies that continue to process transactions with US gamblers. Of course, the reason for the change in Golden Casino’s policies has not been directly attributed the recent account seizures. Instead, the gambling site has been sold and the new management has vetoed the policies and operations that it took to continue accepting US players.

It’s a bit of a play between the current US climate against online casinos, and the fact that there are a whole lot of hoops that the gambling sites have to jump through to accept payments from US gamblers (and even harder to payout withdrawals). There is a strong movement in the US to legalize and regulate online casino gambling and Golden Casino is willing to wait for full legality rather than risk hefty fines, possible jail time, and prosecution from the US government.

The UIGEA took effect in 2006, and though Golden has operated within the market for all of that time, it’s better late then never to stop antagonizing the US DoJ is the theory of the new management. The new changes take place this week and there will be no new US-facing online casino gamblers accepted onto the Golden gambling site after the first of December.