European poker shares soar after domain seizures
- April 19th, 2011Posted in: Industry News
There are very few winners in the poker industry this morning after the much publicised domain seizures which took place at the end of last week in a combined operation by the Department of Justice and the FBI.
US players are very much left out in the cold with a long line of questions.
What has happened to any cash that they had in their poker account? And which poker rooms are still open to them? (we’ve tried to answer that last question for you here).
European players at the rooms in question won’t be happy either given that they’re likely to see a large decrease in the amount of traffic and those who have been indicted on a number of different charges certainly aren’t in a good mood this morning.
However, there are a few people that will be feeling quietly smug this morning, and no doubt a little relieved. We’re talking about the poker rooms that pulled out of the US when the UIGEA bill was passed in 2006 and are now trading on the stock exchange.
They have awoken this morning to find a huge leap in the value of their shares with the newly merged bwin.party digital stocks rising a huge 35%. iPoker and 888 Holdings have also seen large rises in their share prices – something that will be of a huge benefit to 888 especially who have been the subject of several take over bids recently.
The main reason for this surge is stock prices is believed to be the number of poker players who are now looking for new places to play. Pokerstars, Full Tilt and UB.com have all been quick to confirm that they are still serving players outside of the US, but the seizure of their domains is believed to have led a lot of people to question how long these rooms can now stay open.
The likes of 888, Party Poker and Titan Poker are now seen as much more secure options over the long term and are therefore much more attractive than the former giants of online poker.
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