14 Jan
In News
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888poker becomes biggest operator to withdraw from Australia

In a major development in the world iGaming, 888poker has withdrawn its services from the regulated market of Australia. This makes it the biggest name to exit the market in the country.

The official date for the company to cut off its services to Australian residents is January 16 and the customers have been asked to deregister from tournaments that start from and after this date.

The operator’s cashier will enable the players to withdraw their funds from the site.

This decision of 888poker comes soon after the Australian government proposed Interactive Gambling Amendment Bill 2016, an amendment to the Interactive Gambling Act 2001. This bill needs online gambling operators to pick up local licenses or face fines.

Operators that allow punters to wagers in Australia without a valid local license will have broken the law of the land.  This will lead to a fine of up to A$1.35 million (€950,200/US$1 million) per day for individuals, while companies could penalized for as much as A$6.75 million.

Several operators have slammed the move of the Australian government. Vera&John too has announced its decision to withdraw its products from the country.

Amaya, the parent company of major online poker operator PokerStars, too has come down heavily on the proposed changes.

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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