Pinnacle Sports announced that they were leaving the US market on Jan 11, 2007 several months after the UIGEA came into effect in October 2006. In a statement on their website they said:
After careful consideration, Pinnacle Sports have chosen to voluntarily exit the U.S. market. Accordingly, wagers will no longer be accepted from clients within the U.S. as of Thursday, January 11, 2007. Those clients who are affected will be required to withdraw their balances using the Cashier of their account.
We assure all our clients your balances are available and Pinnacle will continue providing our international clients our same great value.
In an subsequent interview, a spokesman for Pinnacle stated:
“When the U.S. focuses on something and says ‘enough,’ and when they go to ‘war,’ no individual company can possibly win in a fight of this nature.”
“Since the Internet Gambling Bill went into effect, we have lost the ability to do business with many quality banks.”