Bwin is now insisting that PokerStars, Full Tilt Poker, and other US friendly online poker rooms will be isolated from the US market when online gambling legislation passes in the United States. Bwin pulled out of the US market in 2006 after the UIGEA was signed into law by President Bush.

Bwin is a popular online poker room for European players, but they no longer accept US players and that makes it difficult to compete with the poker rooms that continue to serve Americans. They continue to insist that PokerStars and Full Tilt Poker are operating illegally and that
they will be unable to acquire a license in the United States once online gambling is legal.

This is likely positioning by Bwin in order to get a better footing in the US market once online gambling is legal. It is wishful thinking to believe that Full Tilt Poker and PokerStars will be completely shut out of the US market. Americans won’t soon forget which of the online poker rooms decided to abandon them in 2006, instead of fighting for online gambling regulation.

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It is being reported by a prominent poker forum that PokerStars, the worlds largest online poker room, has been forced to payout over $2 million to players that were scammed by a chinese gang that colluded at the poker tables. The chinese gang was playing the sit-n-go poker tournaments where winners can double up their buy-in. Members of the gang were sitting at these tables, sharing information and dumping chips to assure that they would double-up their buy-in.

Apparently, the scam was uncovered by a member of the Chinese gang when he began complaining that his account was suspended and PokerStars was refusing to allow him to withdraw his balance of roughly $10,000. After learning of this scam, PokerStars initially paid out over $580,000 to players that were affected but ended up paying out over $2 million in lost winnings to players that were scammed. PokerStars is working on a solution to this problem in order to protect players against scammers that are using illegal tactics to win tournaments.

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Post tags: china, chinese gang, collusion, gang, online poker, poker, poker room, pokerstars, scam

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