Bwin.Party CEO: "U.S. regulation is a question of time"
Bwin.party CEO Jim Ryan has said that he has no doubt regulation will eventually come to the American online poker market. The only questions are in what form it will arrive and when it will happen, Ryan said.
Jim Ryan, CEO of the world's largest online gambling operation, bwin.party, has expressed his confidence that regulation will eventually arrive to the U.S. online gambling market.
bwin.party is one of the many companies that have been gearing up to face regulation over the past year's time, joining forces with brick-and-mortar giants MGM Resorts International and Boy Gaming in a what seems to be a serious bid for a front row seat once and if regulation is introduced.
Ryan sees this tendency as natural for the market's biggest players, and as an indication that regulation is by now inevitable whether it arrives at a federal or state level.
"Well, I guess our perspective is really quite simple. For many years it was a question of if the U.S. government – either at a federal or a state level – would regulate online gaming. We don't' think that's the case anymore. We think it's a question of when," Ryan told PokerNews.com
"Why do we think that?," he added. "Let's take a look at some of the industry players in the United States. We saw Caesars make an announcement about acquiring a poker platform. We've seen the IGT and Entraction
deal. We've see the Fertitta Interactive and CyberArts deal. And as you probably know, we've been in the progress of marketing Ongame Network
, and all the interested parties in that particular asset have been coming from the United States."
Major room with high traffic numbers
Free 24 hour phone support
Major tournaments and qualifiers
"That's a pretty impressive list of events that would lead one to believe that we're likely going to see poker be legal in the U.S. in some way, shape or form," Ryan said.
Ryan also revealed that PartyPoker
is looking to make a strong return to the U.S. market as soon as regulation arrives, and expressed his opinion that only some states would be able to sustain an intrastate online gambling model.
It therefore remains to be seen whether state regulation will be the path to follow, he said.
Finally, Ryan also confirmed rumors that the World Poker Tour brand is currently looking into of the possibility offering real-money games.
"It is absolutely in our strategic objective to take advantage of the World Poker Tour and its brand awareness in the U.S in the real-money gaming environment," he said.
Ryan was yesterday named as one of the most influential people in the poker world after coming in second on the annual BLUFF Power 20 ranking.