Bwin.party and other online poker companies were recently in the news for discussing the present and the future status of the US online poker market. Several companies commented on the Full Tilt Poker site and what it would mean forAmerican online poker.
Initially, when the UIGEA was introduced in 2006, Founder Norbert Teufelberger and CEO Manfred Bodner from Bwin, were of the opinion that pulling out of the US online poker market could turn out to be a great mistake if the United States was able to regulate online poker within a couple of months. They claimed that it could also end up being their costliest bad decision ever.
Now however, it has become obvious that the decision to leave the US market was one of the best decisions Bwin made.
PokerStars and Full Tilt Poker, two of the top US sites made the opposite decision to stay despite the UIGEA – which has turned out to be their costliest mistake! As of now, both sites still face indictments in the US and are still being held from operating in the United States.
Should the US decide to legalize online poker in the near future, these 2 poker sites – PokerStars and Full Tilt Poke – risk not being permitted to cater to US players as a result of their past actions. And, if Bwin.Party chooses to step in at this time to bridge that huge gap in the US online poker market, it is sure to profit greatly!
Norbert Teufelberger also stated his belief that both PokerStars and Full Tilt Poker were operating illegally in the United States unlike Bwin and Party Poker who did not want to do the same once the UIGEA was introduced in the United States. Denying this charge completely, both FTP and PokerStars’ attorneys say that their clients were not involved in any kind of illegal activities.
After Bwin.party was formed by a merger between the two companies in 2011, the conglomerate has been eagerly keeping a watch on PokerStars and Full Tilt Poker.
After Black Friday, the shares of Bwin. Party have shown an increase and the company appears to be generating a lot of revenue. This would not be the case if PokerStars and Full Tilt Poker were still completely operational in the United States. Bwin.Party would have been struggling to generate revenue in the face of the tight competition as both these sites were extremely popular with US poker players.