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Will Pokerstars Have an Unfair Advantage in the USA
Tuesday August 26, 2014 : 888 CHIEF SAYS POKERSTARS MAY HAVE AN UNFAIR ADVANTAGE IN THE U.S.
But we're ready to compete with the online poker giant, says Mattingley.
888 Holdings chief executive Brian Mattingley has again spoken out on the possible arrival of Pokerstars in the US online poker market, commenting that whilst his company and its partners are more than ready to compete with the world's biggest internet and mobile poker provider, there are questions around its advantage of several years in the market prior to the Black Friday shutdowns.
In an interview with writer Steve Ruddock carried by Bluff.com this week, Mattingley said that whilst Pokerstars was a “big, professional, and good operation,” he had reservations about the operator being allowed to enter American states where online gambling was legalised.
The interview quotes remarks made to Global Gaming Business earlier this year by Mattingley in which he said:
“We ought to see the regulators saying that they [Pokerstars] can come in, but because they were taking wagers illegally for those years [after the UIGEA but prior to Black Friday], you are going to have to suffer a penalty where you can’t operate for a given period of time.” He added that he thought that “two years would make sense.”
In the Ruddock interview, Mattingley says that Pokerstars should not be allowed to walk straight into US state markets with other companies, although "bad actor" clauses entirely excluding the Isle of Man company went too far.
Instead, he proposed that a defined period of around eighteen months to 2 years exclusion would be "...a fair amount of time to spend in the penalty box in order to negate Stars’ advantages gained by operating in the U.S. from 2006-2011."
Other interesting views in the interview concerned 888's involvement in the creation of intrastate shared player pools.
The first such network will be created soon in Nevada, consisting of an 888 site, a Treasure Island branded online poker site and Caesars Entertainment's WSOP.com site. All three sites are powered by 888 software, making integration into a network within Nevada less complicated, and enabling both players and the operators concerned to benefit from shared player liquidity.
Mattingley expects the network to be operational late 2014 or early 2015, and it could prompt other states to follow suit, or even motivate interstate networking, subject to regulatory approvals.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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