Sky Not Falling
Hi. ChrisV here, I’m back on the Yobbo blog team. There have been some developments in the world of online poker since Yobbo’s posts on the subject. Mega-site PokerStars issued a short statement to the effect that they’ve decided it’s just going to be business as usual for them. And Neteller have, in the words of the WSJ, vowed to stay in the US.
All this means that poker should go on more or less as normal for the next 270 days, while regulations are drawn up describing what transactions banks need to disallow. And I’m not sure what Yobbo thinks, but I really don’t think it will be a problem after that, either. Even if Neteller gets somehow shut out of the market, the amount of money at stake for PokerStars is mindblowing and I have no doubt they’ll figure out a way to get around whatever the regulations end up being.
The other thing it means, of course, is that PokerStars is shortly to become market leader in the industry by a gigantic margin. They deserve it. Their software, security, support, game choice and marketing are all first-rate. Meanwhile, while it’s been profitable for me playing at Party, I’m getting some strong schadenfreude from their demise. Their support was nothing short of horrible and they did some scummy things. Think of them as the Telstra of the online poker world.