Europe's Oldest Poker Magazine Shuts Shop After 12 YearsMarch 24, 2011 12:20 pm
Europe’s oldest running poker magazine, Poker Europa, is set to issue its last publication in April after twelve years in business.
Poker Europa was a free publication which was launched back on January 1st, 1999 with the intention of uniting Europe’s poker playing scene, as well as providing information on poker related news and events taking place around the world.
However, the landscape of the poker industry has changed dramatically since then and commenting on the decision to now cease operations, Poker Europa founder Nic Szeremeta said:
“In this we succeeded. However the increase of such information on the Internet, supplied as it happens, now makes print publications almost irrelevant. One thing I know about poker is when to quit the game and this is it.”
There is no doubting Poker Europa has been an extremely influential poker magazine since its inception and only this year its founder Nic Szeremeta was honoured with a “Lifetime Achievement Award.”
However, citing a whole list of other factors affecting the magazine’s viability, Szeremeta said:
“Since the recession this [revenue] has declined by over 60 per cent. At the same time our production and distribution costs have been rising…Mergers, acquisitions and closure of online card rooms have weakened our potential market… Operators of bricks and mortar poker rooms are also cutting their budgets.”
In addition to his founding Poker Europa, English/Polish entrepreneur Szeremeta was also the creator of the popular television series Late Night Poker, as well having a hand in setting-up the World Heads-Up Poker Championship.
Consequently, with the closure of Poker Europa, Nic Szeremeta will now be able to fully concentrate on his other poker related ventures.
In the meantime, Szeremeta made a point of expressing his heartfelt appreciation to all his loyal readers, staff and business partners.
“Hold on to your souvenir farewell issue in April,” he quipped. “Ten years from now you may be able to sell it on eBay.”