PokerStars Logs Out of Gray Markets in Africa and Middle East

PokerStars Logs Out of Gray Markets in Africa and Middle East

PokerStars has withdrawn from a host of gray market nations at the center East and Africa. (Image: gulf2000columbia.edu)

PokerStars has ceased operations in several so-called gray market countries suddenly and without warning this week, using the majority of these being in Africa and the Middle East. Players from both PokerStars and Full Tilt received notice through their clients and via email that real-money play was no longer available to these with immediate impact, along with the following explanation:

‘Our administration team regularly reviews our operation along with separate third party professionals to evaluate the business risk and opportunities for our brand name on a market-by-market basis. After our many recent review, it was determined that we would no longer offer real money games in your country.’

PokerStars was quick to reassure players that their balances is available and safeguarded for withdrawal and that their accounts would remain open for play-money games. Tournament tickets, said the message, would be refunded.

‘they will automatically be converted into their equivalent cash value upon entering the Cashier,’ read the statement if you have any unused T$, T€ and/or Tournament Tickets in your account. ‘Freeroll and FPP buy-in tickets have no money that is real value, and are therefore ineligible for credit.’

Why Now?

While no list that is definitive of nations included has been released, a c Continue reading “PokerStars Logs Out of Gray Markets in Africa and Middle East”

Massachusetts Pro-Casino Referendum Takes the Day

Massachusetts Pro-Casino Referendum Takes the Day

Ah, sweet victory: Steve Wynn’s Everett, Massachusetts casino can finally move forward after having a referendum vote supporting casinos passed away last night.

Residents of Massachusetts have selected to uphold the state’s three-year-old casino law, voting overwhelmingly in yesterday’s midterms in favor of maintaining the fledgling casino market, due to the fact polls had predicted.

Somewhat confusingly, ‘no’ meant ‘yes’ for casinos on this ballot, as voters were asked if the legislation should really be repealed, with 59.5 per cent to 40.5 percent deciding that no, it should not be repealed, meaning that yes, they wanted casinos.

Some commentators have actually suggested that the language used in posing the question was deliberately muddled and created to confuse.

Nonetheless, it is a victory for MGM and Wynn Resorts, who may have had their respective projects provided the greenlight by regulators and who can now finally and definitely move forward with the licensing process, a privilege for which they will fork out $85 million an item before a single cornerstone is set.

Not surprisingly, casino executives had been jubilant and anxious to emphasize just what the casinos will do for their communities that are future.

‘Voters across the Commonwealth of Massachusetts today voiced their support of the 10,000 permanent job opportunities and significant economic benefits provided by the Gaming Act of 2011,’ said pleased MGM Chai Continue reading “Massachusetts Pro-Casino Referendum Takes the Day”