PokerStars parent company Amaya has said the leading online poker operator is likely to pull out of the Australian market if proposed amendments to the country’s online gambling laws are approved, reports FlushDraw.
In an earnings call following publication of the company’s third-quarter results, Amaya CFO Daniel Sebag said PokerStars will likely pull out of Australia entirely if the new measures are approved.
Australia’s Gambling Amendment Bill 2016, if passed, would make online sports betting the only form of approved online wagering, effectively outlawing online poker and other forms of i-gaming.
PokerStars and other leading brands, such as PartyPoker, would then need to withdraw from the country in order to not jeopardise operations elsewhere by effectively continuing to operate in a black market.
Source: FlushDraw.net
