PokerStars mulling exit from Australian market

**The Buzz** · 19 May 2017, 7:19 am

It appears that PokerStars could soon follow in the footsteps of 888Poker, 32Red, Royal Panda and others by leaving the Australia market.

According to multiple reports, Amaya, parent company of PokerStars, said during a Q1 earnings call on May 12 that it is monitoring the Australian situation "very closely" and may pull the plug as soon as this summer.

From CardPlayer.com:

“If the current proposed legislation is enacted in Australia, we intend to block players in that market,” said the company’s chief financial officer Daniel Sebag. “We currently estimate that the proposed legislation could be considered in late May, and we would block players in that market approximately 30 days thereafter.”

The new rules state that online poker companies can’t offer games to Australians unless licensed. But there’s no licensing or regulatory process for online poker like there is for sports betting over the internet in Australia. Amaya currently offers poker to Australian customers under its Isle of Man global gaming license.

Read more here: http://www.cardplayer.com/poker-news...market-by-june

**celena** · 19 May 2017, 10:33 am

Poor poker players. It's amazing all these changes.

**ocreditor** · 21 May 2017, 2:32 am

Australia is a problematic market these days

**celena** · 21 May 2017, 4:00 am

Originally Posted by ocreditor

Australia is a problematic market these days

You're right, I have a lot of Australian players, I'm forced to do and change a lot of things with the new law!

Thread: PokerStars mulling exit from Australian market

LinkBack

Thread Tools

Search Thread

Display

PokerStars mulling exit from Australian market

The Following 3 Users Say Thank You to The Buzz For This Useful Post:

The Following 2 Users Say Thank You to celena For This Useful Post:

The Following 2 Users Say Thank You to ocreditor For This Useful Post:

The Following User Says Thank You to celena For This Useful Post:

Posting Permissions