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World's Largest Poker Site To Exit Australia

Company To Follow Others After Government Passes New Law

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Australian poker players will lose another top site in the coming weeks thanks to a recently passed government ban on online poker operators.

PokerStars said in emails last week to Australian customers that it will be leaving the market “most likely around mid-September.” An exact date will be announced later.

The platform’s parent company, which recently relocated its headquarters to Toronto but offers online poker in Australian thanks to its Isle of Man global gaming license, indicated earlier this year that such a move would happen if the law was changed. “We’ve been aware of this day coming,” PokerStars told its soon-to-be former customers.

PokerStars, which possesses nearly three-quarters of the world’s internet poker market, said in May that it was ready to leave by July.

888Poker, one of PokerStars’ main competitors, left the market in January.

“We’re proud to have seen the Australian poker community grow so strong over the last decade,” the emails said. “We do respect the Australian Government’s decision in taking steps to protect consumers and hope that in time we’ll be able to serve real-money poker to you again.”

Play-money poker will still be offered to Australians, the company said.

The loss of Australian poker players doesn’t come at the best of times. PokerStars recently reported rake of $202.9 million during the second quarter, a decline of 5.9 percent year-over-year. However, overall gaming win of $305.3 million was 6.8 percent better than the $285.7 million won during the same period last year. House-banked games and sports betting are driving the growth.

Despite the upcoming loss of Australia, the Stars Group said in an earnings report that its full year guidance of $1.2 billion to $1.26 billion in revenue remains unchanged.

 
 
Tags: PokerStars,   Australia
 
 

Comments

Slimsparrow
3 months ago

F you Australian government

 
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ACT2905
3 months ago

Yeah, it's a bit of a joke but I already have a contingency plan... Ignition Poker! =D

 
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