Canadian Poker Poised To Capitalize Post-Black FridayMay 9, 2011 8:35 am
According to a recent news report, Canadian production companies are currently manoeuvring to take advantage of the gap left in the North American poker market following the exit of PokerStars, Full Tilt and Absolute Poker.
In their article, Poker news site Canadian-poker.ca has been highlighting the fact that pre-Black Friday the North American poker entertainment industry was controlled by American companies.
In fact, previously most North American TV related poker shows were US produced but the majority of these US companies have now cancelled their production contracts. Consequently, this is being seen as a unique opportunity for Canadian companies to move in and capitalize on the changing dynamics of the American poker market.
Such a move would then be seen as a major boon for poker fans and the Canadian economy, which currently generates over $1 billion annually from online gambling.
Canadian-poker.ca then went on to explain that PokerStars and Full Tilt’s reputation in Canada had been badly tarnished and that legitimate online poker sites like 888 Poker and Party Poker would be the major beneficiaries of future collaborations with local Canadian poker businesses. As Poker.ca spokesman Paul Ryan commented:
“The poker industry is going through a legislation process worldwide, which may eventually include the U.S. I believe companies that abided by American laws will survive in the long term if and when the U.S. grants online poker licenses. One example is Party Poker, who settled with the DOJ for more than $100 million to keep in good standing. These forward-looking decisions will pay off very soon.”
The news source then went on to question the futures’ of the companies presently investigated by the US Department Of Justice, while also promoting alternate venues.
“Poker.ca has the responsibility to inform readers about these developments. Canadian poker fans deserve to have all the information before they decide whether or not to trust their money to sites that are under investigation. We prefer that players partner with sites like 888 Poker that are here for the long term,” concluded Poker.ca spokesman Paul Ryan.