..

PartyPoker Working Hard to Enter US Market: Redlines PokerStars, Full Tilt

Written by:
C Costigan
Published on:
Oct/18/2011
PartyPoker

Forbes.com reported on Tuesday afternoon how PartyPoker co-chief Jim Ryan has been meeting with investors in the US to highlight how his company will benefit from the latest exits of PokerStars and Full Tilt Poker from American soil.

His chart, according to Forbes, listed Stars and Tilt with red lines drawn through their names.

“Where you see the red lines, those organizations have been indicted, so although one can’t predict the future, it’s unlikely you will see those brands back in the U.S.,” Ryan said during an interview with Forbes.com. “The brand that has the most consumer awareness is in fact the PartyPoker brand.”

“My focus is on the U.S.,” says Ryan, who is at the final stages of negotiating partnerships with two U.S. companies. “Even though there is no guarantee that online gaming will ever regulate in the U.S.”

Party is no doubt thrilled by the fact that PokerStars was forced to flee the US market following indictments against two of its executives on April 15.  Both were charged with money laundering and fraud.  The company has retained the powerful law firm of Skadden Arps to represent it.

Despite its exit from the United States, PokerStars continues to reign as the largest online poker room in the world, more than five times PartyPoker’s size. 

The powerful American Gaming Association is now behind legalizing online poker in the States and they are looking to bring on established partners like Party and perhaps 888.com and iPoker.

“We have to be ready for both federal or state,” Ryan says. “It feels good to have American taxpaying companies finally driving this.”

- Chris Costigan, Gambling911.com Publisher

Poker News

Bulgarian poker legend Bozhkov faces extortion charges

Vasil Bozhkov is one of Bulgaria’s richest men and is famous worldwide for his outstanding poker skills.

Nelly Goes Nuts at Poker Table

Hiphop artist Nelly ("Hot in Here") got into a heated exchange with a fellow poker player following a performance in Connecticut.

New Mexico Poker

Sorry this page no longer exists.

Poker News - January 27, 2020: Fredrik Björklund Accused of Scamming Fellow Pro For WCOOP Entry

Welcome to our new Poker News blog, all the latest tournament, player and juicy stories related to the game for this day Monday January 27, 2020. 

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino in Hollywood, Fla. concluded its 2020 Lucky Hearts Poker Open (LHPO) Wednesday. Besting 843 entries in the WPT NLH Championship, Brian Altman, of Boston, Mass. made history by winning his second career WPT LHPO title for $482,636 plus a $15,000 entry into the season-ending Baccarat Crystal WPT Tournament of Champions.

Syndicate