Aftermath of Indictments Truly Hits PokerStars

05/18/2011
By Tommie ClarkGoogle

 

The indictments and domain seizures that were announced yesterday affected some of the biggest names in the online gaming industry.  PokerStars has truly taken a major hit.  In order to comply with new U.S. regulation, the company has seized real-money play to all U.S. players and has announced its domain change to Pokerstars.eu.  In an announcement to the press, in an attempt to appease the newly passed regulation, all U.S. players are not allowed to enter the new domain address at all.  Instead, they are redirected to a web page covered in seals and warnings of the U.S. Department of Justice.

 

In continuation of changes brought on by yesterday's news, Wynn Resorts pulled out of its upcoming deal with Pokerstars.  Because Pokerstars was indicted, spokesman for Wynn Resorts, Michael Weaver, announced that his company would not continue its Internet venture deal with Pokerstars.

 

Although the venture between the two companies was signed less than two weeks ago, it was dependant based on U.S. regulation on the online gaming industry.  Because of the indictment the venture was terminated and PokerStars felt the result.  The company has been forced to lose its largest market and faces many forthcoming indictment charges. 

 

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