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One day before the U.S. President Bush by his signature, the new law against Internet gambling for legally declared Excapsa Software has its full operational business to the company Blast Off Ltd.. (one in the privately owned Maltese company) sold for $ 130,000,000. Excapsa, the parent company of Ultimate Bet.com, was one of the last publicly traded companies as a result of the legal situation, after the new laws, their services in the United States no longer had to offer. Blast Off Ltd.. is the provider of online Elimination Blackjack ™ and was represented by the ULtimate Blackjack Tour closely with Excapsa.
The Ultimate Blackjack Tour, was the spiritual child of former WSOP Champions Ultimate Bet and team member, Russ Hamilton.
PartyGaming PLC (PartyPoker) was one of the first publicly traded on the stock exchange companies, which had announced no future more players from the U.S. to accept immediately afterwards gave 888.com (Pacific Poker) known players also no longer allow the United States. At the beginning of the week, the Britain’s SportingBet (SBT.L) and the Leisure & Gaming (LNG.L) from the American market and the operating business in the U.S. for $ 1 sold to private investors. World Gaming (WGP.L) also announced the withdrawal from the U.S. business and has announced that it would no longer be possible operational in the U.S. business environment.
Publicly traded companies, because of the entry rules (exchange) is prohibited in the countries in which they offer their services, deliberately violate the law law. Other regulatory factors such as e.g. the associated potential shareholder liability, were probably the key reasons that companies are not in conflict with applicable law right of the United States wanted.
There were many speculations that ultimately only private companies such as Poker Stars, Full Tilt Poker, and Doyle’s Room continue your service to the American market and still players from the United States in full. Poker Stars had for next spring its initial public offering (1.6 billion dollars IPO) to the London Stock Exchange planned, but those plans were due to the current situation in the U.S. postponed.
Many were marked by the expression of Ultimate Bet, in the future players from the U.S. to accept very puzzled and have asked how Excapsa as listed company, which could bypass legal requirements. The mystery is solved. Ultimate Bet will continue its services in the U.S. offer, but as a new (unlisted) private company.