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Why is InterPoker Leaving Canada
Sunday December 22,2013 : WHY IS WAGERLOGIC TAKING INTERPOKER OUT OF CANADA?
Players are trying to figure out what could have changed in Canadian law that would prompt a pull-out.
Players and marketing affiliates alike are scratching their heads over the reasons for a decision by Interpoker owners WagerLogic to withdraw gambling services from Canada.
Advising affiliates of its decision by email this week, the company failed to explain the justification for the move, simply advising that it would accept no new signups from Canada...and no deposits from existing Canadian players - effectively a shutdown.
It's not the first mystifying business decision regarding Canada in recent weeks. Earlier this year EuroPartners, which runs various Playtech-powered operations said it was withdrawing from Canada, again without giving a reason.
Then another Playtech-powered operation - Titan Poker - played the hokey-pokey with Canadians, first telling them it was departing to comply with mysterious government laws that it had apparently been the only one to see, but then reversing its decision without explanation just weeks later...again without explaining why.
Left to speculate in the absence of rational explanations by the operating companies, players and affiliates have surmised that perhaps the operators have been influenced by the growing number of Canadian provincial governments that have become active in the online gambling sector...but there have been no legal or other developments that could support such a scenario and the mystery remains.
WagerLogic, which held the InterPoker, Intercasino and VIP Casino interests, was a subsidiary of the pioneering and once-mighty Canadian online gambling group CryptoLogic. The group fell on hard times and was eventually acquired back in 2011 by the up-and-coming Montreal-based online gambling group Amaya Gaming).
The takeover eventually resulted in InterPoker switching from its traditional Boss Media-International Poker Network to Amaya's formerly Ongame platform, and the withdrawal of WagerLogic brands from a number of the more vigorously enforced European national regulatory jurisdictions.
Having done all that, Amaya then made an announcement in October this year that it was offloading WagerLogic Malta Holdings Ltd. and its three online gambling brands for a consideration of Cdn$70 million to a little known Canadian company apparently formed for the purpose titled GoldStar Acquisitionco Inc.
At the time Amaya CEO David Baazov explained:
"The proposed sale of these business-to-consumer assets is consistent with our strategy of focusing primarily on being a single source business-to-business supplier of diversified gaming solutions to gaming operators. We anticipate this divestiture will allow us to expand our existing relationships and cultivate new ones with online gaming operators."
Goldstar is closely associated with the Toronto listed Capital Pool company Aumento Capital II Corporation.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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