International
Open free account
Forgot my password
222 members and 815 guests - online now
Spring Weekend Series II
March referral competition
Euro Poker 40% VIP Program
Black Friday coverage
Social
Playtech gears up to enter U.S. regulated market
Playtech is positioning itself to take advantage of a coming regulated U.S. online poker market. The company has signed a deal to provide online poker software California casinos.
Online gambling giant Playtech has moved itself into position to be ready once and if legalized online poker hits the United States.

According to the Financial Times, Playtech has signed a licensing agreement with the California Online Poker Association, a coalition of Indian tribal governments and card rooms who are licensed to offer land-based poker.

The agreement will see the company enter a joint venture with Scientific Games Corporation to provide the COPA with online poker platforms, the paper says.

As real-money play is currently illegal in California, Playtech and its partners will for now be offering play-money games, while awaiting further developments in legislation.

The company may however very well be in good company with the COPA, which accounts for 29 tribal governments and 31 card clubs across the state. The group works by lobbying for the introduction of legalized intrastate online poker as it has been seen among other places in Washington D.C.

James Hollins, analyst with Investec said that the move will position Playtech on the forefront of developments, boding for a favorable point of departure if legislation comes through.

"We see California as the key state in terms of poker liquidity and COPA a highly attractive licensee with it," Hollins said,

"Playtech is therefore very well placed for potential U.S. poker legislation," he added.

Despite processing funds such as winnings from online poker being illegal in the United States under the 2006 UIEGA act, the COPA estimates that up to 2 million Californians were playing online poker on unlicensed sites before Black Friday.

The combined wagering of the poker-happy Californian residents is estimated to reach $13 billion a year, making California he most active online poker state in the U.S.

Playtech will not be the only major online gambling company or software provider to seal deals with existing players in the U.S. online gambling market, and the move indeed follows several similar efforts to strengthen ties with American casinos and gambling operators.

Bookmaker William Hill has bought three land-based sports betting businesses in Nevada and Delaware, while 888 Holdings earlier this year announced a new commercial partnership with one of the industry's true giants, Las Vegas-based casino group Caesars Entertainment.
Share this news story
By David Michael Barnwell
Poker.org News Editor
Related News
Microgaming has become the latest online poker network to offer a fast-fold poker game to its players. The new game, which has already premiered on sites like Ladbrokes, has been dubbed "Blaze Poker."
U.S. brick-and-mortar casino operator Boyd Gaming has entered into a mega buyout agreement with fellow casino operator Peninsula Gaming. The deal will cost Boyd $745 million
Titan Poker has broken its veil of silence and has explained why it has parted ways with pros Sam Trickett and Marvin Rettenmaier. The departure of the site's pro team was made to make way for a new branding strategy, Titan says.
Comments
598
2
11 months ago
This is good news
598
2
11 months ago
I hope that soon the vast majority of poker rooms hacete American players
Edited by PedroMXDF 11 months ago
607
11 months ago
If poker gets legalized/regulated in US not only playtech, all companies will enter the market.
263
2
11 months ago
That's good..
446
2
11 months ago
Well, at least this is the first step.
3122
2112211
11 months ago
Ahead of the curve here and im sure it will pay off huge
1021
112
11 months ago
In my job I keep telling people to invest in stock of online poker companies now before the USA market is opened. They are like "poker stock online? pff your crazy". But you wait the folks with the money smart enough to do it will get a huge pay day soon.
2552
112332
11 months ago
I have previous accounts with a lot of them poker sites. I hope they offer us some incentive to the new deals to come. Like rakeback or bonuses. I prefer to start from scratch and let them close my old account and let me open new ones
158
32
11 months ago
Hmm it's ok i think .
2488
11 months ago
I've never heard of playtech. Hope they get us on the right track
607
11 months ago
Playtech = ipoker
717
2221
11 months ago
Good news
Trending Tags
Latest News
Most Discussed News
Top Picks
1
Merge Gaming
$750 bonus + 12-45% vip
US
2
Cake Poker
$600 bonus + 33% rb
US
3
OnGame
$1.200 bonus + 40% vip
European Union
4
888
$800 bonus
European Union
5
Independent
$1.100 bonus
US
6
Independent
$1.100 bonus
7
Independent
$800 bonus + 30% rb
European Union
8
Boss Media
$1.000 bonus + 30% rb
European Union
9
Independent
$600 bonus + vip
10
Cake Poker
$1.000 bonus
European Union