..

Legal Online Poker in California: Playtech Shares Skyrocket

Written by:
Payton
Published on:
Jun/22/2011
Legal Online Poker in California

With word of legalized online poker coming to California, the company behind the new site, Playtech, saw its shares on the London Stock Exchange rise sharply on Tuesday, nearly 7 percent in fact. 

Playtech made the announcement that it would be joining forces with the California Online Poker Association (COPA) to bring online poker to California’s nearly 37 million people.  Just how big a deal is this, you might be asking yourself.  California, if it were a stand-alone nation, would be the 8th biggest economy in the world.   COPA members comprise 29 federally recognized California tribal governments and 31 state-licensed California card clubs.

While US federal legislation appears to be on the fast track now, California could still make online poker legal first.

Playtech is one of the most prominent poker software companies in the sector. 

Robert Martin, Chairman of the Morongo Band of Mission Indians and a member of COPA's board of managers, said, "It has been estimated that Californians wager more than $13 billion annually on illegal, offshore internet poker websites. Our mission is to provide California players with a safe and secure option to play poker legally on the Internet. On behalf of all of COPA's trusted gaming partners, both tribes and card rooms alike, we are very pleased to enter these agreements with Sciplay and Playtech to deliver a full service solution."

- Payton O’Brien, Gambling911.com Senior Editor

Poker News

What Time is the 2nd Round of the Hellmuth Negreanu Duel?

What Time is the 2nd Round of the Hellmuth Negreanu Duel?

The “High Stakes Duel" pits pros Daniel Negreanu, the top money earner, against Phil Hellmuth, the record bracelet holder.

Susie Zhao Murder Trial Delayed Again

Susie Zhao Murder Trial Delayed Again

The 33-year-old poker player was bound, sexually assaulted, and burned alive.

Results of Record-Breaking 2021 WPT Seminole Hard Rock Poker Showdown Announced

Results of Record-Breaking 2021 WPT Seminole Hard Rock Poker Showdown Announced

Celebrating its 10-year partnership, Seminole Hard Rock Hotel & Casino Hollywood and World Poker Tour (WPT) announce the results of a record-breaking 2021 Seminole Hard Rock Poker Showdown. There were 2,482 entries in the tournament’s $3,500 WPT NLH Championship producing a prize pool of $7,942,400.

Online Poker Tournament Strategy Guide : 5 Tips to Win Big by Betting Small Stakes

Online Poker Tournament Strategy Guide : 5 Tips to Win Big by Betting Small Stakes

Small stakes online poker is something that can be painstakingly long, and frustrating at times. Yet, despite this, it can still be fantastically fun to play and dedicate your time to. In any gambling game, it can be super difficult to not actually enjoy your time while you play and compete against other players.

BetMGM Launches BetMGM Poker and Borgata Poker in Pennsylvania

BetMGM Launches BetMGM Poker and Borgata Poker in Pennsylvania

BetMGM today announced the launch of BetMGM Poker and Borgata Poker in Pennsylvania, giving customers access to benefits tied to Borgata Hotel, Casino & Spa in Atlantic City as well as other MGM Resorts casino-resorts nationwide.

Syndicate