Amaya refocuses by withdrawing from 'grey markets'

Amaya refocuses by withdrawing from 'grey markets'

Thursday, October 2, 2014 Totally Gaming

Canadian gaming provider Amaya Gaming has refocused its efforts by withdrawing online gaming services PokerStars and Full Tilt Poker from as many as 30 so-called ‘grey markets’, where the industry is legal but not regulated.

A full list of the countries has not been provided by Amaya, but the services are understood to have been curtailed in nations such as Afghanistan, Bangladesh, Bahrain, Egypt, Iran, Jordan, Kenya, Kuwait, Malaysia, Mozambique, Nigeria, Pakistan, Qatar, Senegal, Turkey and UAE.

“Our management team and advisers regularly review our operations market-by-market to assess commercial opportunities and business risks for our brands,” Amaya, which acquired the brands from Rational Group in August, said in a message to players in the countries listed above.

“Following a recent review we have decided to stop offering real-money games to players who are physically located in, or have a registered address in, a limited number of countries.

“Affected players can log into the relevant software and cash out their remaining balance using the ordinary withdrawal methods available to them, and they are welcome to do this at their convenience.”

The services were curtailed in the territories on October 1. Amaya chief executive David Baazov has previously suggested that PokerStars and Full Tilt will develop its casino and sports betting offerings.

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