888Poker Next to Exit Australia

While PokerNews has been unable to confirm the exact reason for the timing of this from 888poker, it is believed to be due to the proposed amendment to the Interactive Gambling Act of 2001 that some expect to pass in Australia in the near future. If passed, the Interactive Gambling Amendment Bill 2016 mandates that online gaming operators offering services to Australian residents secure local licenses or face steep fines as high as A$6.75 million ($5.05 million).

Unlike gaming regimes in other countries, individuals can also face heavy punishment if the bill is passed, with fines up to A$1.35 million ($1.01 million) per day.

Australian poker players have been active on social media and poker forums, expressing their concern after 888poker pulled out of the country’s market, with many asking the poker community to petition legislators to vote against the bill amendment.

A few months ago, the world’s largest online poker room PokerStars expressed its concern over the bill. Amaya Inc., the parent company of PokerStars, said during an investor call in November that the company would also leave the market if the bill becomes law.

More at Poker News

Related Stories from This Week in Gambling:

  • Australian Regulators “Wash Hands” on Online Gambling Apps Australia’s main online gambling licensing body has effectively washed its hands of the controversy over its licensees’ efforts to circumvent the nationwide ban on online in-play wagering. Australia’s Interactive Gambling Act 2001 restricts in-play wagering to telephone or in-person […]
  • Team 888poker Signs Legend JC Tran Press Release - 88poker.com, global online poker entertainment brand, announces the signing of poker professional, JC Tran, to their Team 888poker. JC Tran was born in Vietnam and now resides with his family in Sacramento, CA. With a long-standing poker career, Tran has accumulated […]
  • Queensland: 19 companies interested in casino licenses Reuters - Australia's Queensland government reported strong interest on Wednesday from both local and foreign bidders for its plan to build as many as three casino resorts, underscoring the northern state's position as the country's next gaming frontier. Australia is looking to build […]