We just got news that PokerStars will be pulling out of the whole Australian market as of August 1st 2011, the news broke from Chris Levick (@PokerDomeAA) on his twitter which looked like this,,,,,,
In a stunning announcement Poker Stars has withdrawn from the Australian market from August 1st. Devestating news.
It looks like PokerStars has insight that one of their subsidiaries (GP Information Services) based in Erina Heights which is in a suburb of Gosford in New South Wales, has been under the radar by the Australian authorities. GP according to the Australian Securities and Investments Commission is owned by Oldford Group which is one of the business entities involved in black friday. GP Information Services provides marketing services for Pokerstars for the Australian market, which under the current law they are unable to market to Aussie players directly, this is from the 2001 IGA law.
