IGT Poker Network Loss No Biggie for Betsson
Betsson is taking an optimistic view of the closure of IGT’s Poker Network, saying that it’s not a bad fit for their plans.
Company CEO Magnus Silfverberg recently told EGR Magazine, “It doesn’t actually fit too badly with our plans.” His comments come after news that IGT is shutting down its interests in gray markets that could compromise its Nevada intrastate poker operations.
To compensate for the loss, Bettson will be shifting operations towards the Microgaming and Realm Gaming networks. It’s no coincidence that a big chunk of that new focus is going to be on Turkey and other markets IGT is vacating.
What else has IGT been up to lately? Check out IGT Moves on US Poker Market.
IGT is hardly the first company to divest itself of international interests in the hopes of pleasing Nevada gaming regulators. Their decision to scale back on the IGT Poker network (formerly the Entraction Poker Network) raised eyebrows since the company had already sunk around $70 million into purchasing it last year.
There’s no doubt that other firms’ will be following IGT’s example as the licensing race progresses.
What do you think of IGT’s moves in the online poker market? Will they pay off? Share your thoughts in the comments section below.