partypoker Looking To Expand

partypoker Looking To Expand

Thursday, 11 February 2016

The online casino at partypoker is reportedly considering re-entering 21 ‘grey-area’ markets in Europe and South America such as Brazil and Poland over the coming weeks.

The site abandoned all jurisdictions where online gaming is not clearly defined as lawful in April of 2013 but its digital entertainment parent was recently purchased by the more aggressive GVC Holdings in a deal valued at around €1.1 billion ($1.2 billion).

GVC Holdings is now allegedly set to be considering offering partypoker’s services to players located in ‘grey-area’ nations, which would additionally encompass countries such as Argentina, Ukraine, Cyprus, Hungary, Romania and Colombia, as a way to grow its now-larger business.

The news is also sure to be welcomed by players in countries such as Greece, Latvia, Slovenia, Belarus, Serbia, Estonia, Armenia, Croatia, Lithuania and Finland but numerous experts have warned that the move could potentially jeopardise partypoker’s current licence in New Jersey, where it operates in partnership with the Borgata Hotel Casino And Spa. Under terms set out by the Division Of Gaming Enforcement, GVC Holdings will have to undergo a strict licensing application in order to keep offering its services to players located in ‘The Garden State’.

Since officially acquiring digital entertainment on February 1, GVC Holdings has also abolished the three percent withdrawal fee it charged to partypoker players using major e-wallets such as Neteller, Skrill and Webmoney.

Tags: GVC Holdings, digital entertainment, partypoker, Division Of Gaming Enforcement, Borgata Hotel Casino And Spa, New Jersey, Neteller, Skrill, Webmoney, Greece, Cyprus, Ukraine, Latvia, Poland, Hungary, Slovenia, Romania, Belarus, Colombia, Serbia, Estonia, Armenia, Brazil, Argentina, Croatia, Lithuania, Finland