Company to cease operations on August 31
PartyPoker cashes out of Australia
PartyPoker is the lastest major operator to pull out of the Australian market following the announcement of new gambling regulations.
2017-08-23
Reading time 31 seg
PartyPoker is the lastest major operator to pull out of the Australian market following the announcement of new gambling regulations.
At the beginning of this month, the Australian Senate approved the Interactive Gambling Amendment Bill, which includes legislation that bans all remote operators from offering online poker and in-play sports betting to players in the country.
Several companies have also confirmed they will cease real-money operations in the country. Some of the names on the list include PokerStars, 888 and 32Red.
Commenting on the decision, Tom Waters, PartyPoker’s MD, said, “We regret that this day has come as Australia is a strong poker market. “We will continue to work with the Australian player alliance to lobby the government to provide a safe regulated environment for residents to play online poker in the future.”
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