Euro poker stocks soar after Friday’s bombshell

Posted by Steve Ruddock on Apr 18, 2011 Posted in Poker Industry News | No Comments »

US poker players are feeling left out in the cold on Monday morning, European poker players are likely looking at a significant decrease in traffic, and more than likely the top three US online poker rooms are busy putting together a team of expensive defense attorneys, but there is one segment of the industry that is likely ecstatic over the recent developments in the online poker world: Publicly traded online poker rooms/networks that pulled out of the US market after UIGEA legislation was enacted in October 2006.

Early stock trading in European markets has seen the newly merged bwin.party digital stocks soar some 35%, while iPoker Network and 888 Holdings have also seen a significant bump in stock prices.

What will make these companies extremely attractive in the coming days is all of the players now looking for a new home. Even though PokerStars, Full Tilt Poker and Absolute/UB Poker are still serving European markets –the latter of which has given the US government the middle finger and is still serving US players as well—many players are concerned with the overall long-term viability of these sites and are looking for a “safer” site to play on.

So it would seem that the long-term approach enacted by Party Poker and others might have been the correct play from an EV standpoint, now that the mere survival of PokerStars, Full Tilt Poker and the Cereus Network is in question.

Tags: , , , , , , , , , , , , , , , , , , ,



Leave a Reply

High Stakes News

Promotional News

10 reasons to play Poker at BetOnline in 2019
2019 seems to be the year poker players search for a new poker site to …
Read more

UK And EU Poker Players Should Check Out The New One Time Poker Website
Most poker players in the European Union and United Kingdom may not be …
Read more

Latest Ignition Poker tournaments
The good thing about Ignition poker tournaments is that you have the c …
Read more

Poker Night In America Debuts New Live Poker Show Featuring Celebrities
Poker Night in America is introducing a new poker show format on CBS, …
Read more