PokerStars to Pull Out of Australia Market August 1

Written by:
C Costigan
Published on:
Jun/12/2011
PokerStars to Pull Out of Australia Market

Quadjacks.com is reporting that the world’s largest online poker room, PokerStars, is to pull out of the Australian market August 1 amidst legal concerns brewing in that country.  This move would follow PokerStars exit from the US market following an indictment on April 15 against the company and two of its executives.

From Quadjacks.com:

We just got news that PokerStars will be pulling out of the whole Australian market as of August 1st 2011, the news broke from Chris Levick (@PokerDomeAA) on his twitter which looked like this,,,,,,

In a stunning announcement Poker Stars has withdrawn from the Australian market from August 1st. Devestating news.

It looks like PokerStars has insight that one of their subsidiaries (GP Information Services) based in Erina Heights which is in a suburb of Gosford in New South Wales, has been under the radar by the Australian authorities. GP according to the Australian Securities and Investments Commission is owned by Oldford Group which is one of the business entities involved in black friday. GP Information Services provides marketing services for Pokerstars for the Australian market, which under the current law they are unable to market to Aussie players directly, this is from the 2001 IGA law.

Gambling911.com’s own Greg Tingle has been covering these developments from Australia and we will bring more as news becomes available.

- Chris Costigan, Gambling911.com Publisher

Advertisement;  888Poker.com does not accept customers from the US at this time.

online poker tournaments

If you want to try online poker, play at 888poker today!

Gambling News

Sports Gambling Tax Hiked in Louisiana

Louisiana legislators have approved a plan to give most college athletic programs in Louisiana nearly $2 million in state tax revenue annually.  Care to guess where that money will be coming from?

White Sox Suddenly Getting Kind of Hot

Don't look now but the Chicago White Sox are on a roll.  Winners of four of their last five, Chicago is looking to sweep the Kansas City Royals at home on Sunday.

2025 Belmont Stakes Morning Payout Odds

Kentucky Derby winner Sovereignty and Preakness Stakes winner Journalism remain the co-favorites with odds that pay just shy of $200 for every $100 bet.

Syndicate