Big changes in the activity of partypoker
Online poker room the PartyPoker , under the direction of their new owners from GVC Holdings , is set to return to the 21 markets in Europe and South America. Most of these countries partypoker left in 2013.
GVC Holdings Company completed a reverse takeover transaction of bwin.party digital entertainment plc, which owns the online poker room partypoker. The amount of the transaction amounted to 1.1 billion. Pounds, a record in countries where gambling situation is still not completely defined, as it is not illegal, but it is completely legal and no one will call.
In 2012, GVC and the company William Hill have joined forces to acquire a company of Sportingbet , according to the terms of the deal, under which GVC company gained control of the bookmaking business in the “gray market”, as William Hill company gained control over the respective segment of the Spanish gambling market and Australia. On the other hand, partypoker company carefully distanced itself from the customer service, the so-called “gray market”, completely shutting in April 2013, the players care from the following countries: Argentina, Armenia, Belarus, Brazil, Hungary, Greece, Colombia, Cyprus, Latvia, Lithuania, Macedonia, Poland, Romania, Serbia, Slovenia, Ukraine, Croatia and Finland. However, attempts to return to the “gray market” may adversely affect the partypoker license in the state of New Jersey. According to the exposed subdivision authority to regulate gambling activities in w. New Jersey (New Jersey Division of Gaming Enforcement – DGE), GVC company should strictly go through quite a rigorous application process. The company just wants to freely conduct business in the state.
Currently DGE allows partypoker carry out their activities in the state, as the online poker room is a partner in the Borgata. However, the Director General of GVC, Kenny Alexander in an interview expressed quite unexpected position. According to him, the company will carefully study the prospects of work for the gambling of the United States market, and if the profitability of this activity will be unsatisfactory, the company without hesitation leave the market to protect themselves against unjustified losses.
However, the company has tried to please their users completely abolishing the fee for instant withdrawals from gaming user accounts to their accounts in electronic payment systems such as Neteller, Skrill and Webmoney. Before these innovations will take effect, partypoker users will continue to pay a fee of 3% with no restrictions on the amount withdrawn by any of these 3 ways to withdraw funds. Thus, if someone wins the main event in the weekly tournament with a guaranteed prize fund (GPF) of 150 thousand. Dollars. and will receive the first prize of 27 thousand. USD., in this case for cashing his winnings to the user will have to pay a fee of 810 dollars. Online poker room partypoker already has experience of the abolition of the commissions, as in July 2015, he made a free withdrawal of funds from gaming accounts on plastic cards MasterCard and Visa, as well as by bank transfer.
Before this became a free withdrawal of funds to accounts in payment systems and Kalixa Pay gopay, as well as prepaid MasterCard card systems, ClickandBuy and Paypal.