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Poker News

IGT To Enter US Poker Market

Written By: Maya Michaels | September 20, 2012 | Posted In Poker News

Last spring, IGT surprised the poker world with its $114 million acquisition of the Swedish Entraction Network. That action signaled a significant drive by the company to enhance the player experience on Entraction, at the same time, while getting ready for an entrance into the US market.

The company had been authorized for a Nevada gaming permit by June, despite some queries about when Entraction had ceased getting bets from US players. This is quite a good sign for some other intrastate gaming license hopefuls, the Gaming Control Board was really understanding with regards to the matter.

Probably the largest sign that a US move will occur as soon as possible was the company’s final decision to close own IGT Network operations in several European gray markets. Those markets included Russia, Canada, Norway, Israel, Turkey, Australia, Spain, Belgium and Cyprus.

While iGaming is authorized in these countries, their regulatory standards are, for numerous factors, less than Nevada’s standards. Silver State gaming regulators praised IGT for their proactive moves in taking off from those markets.

As IGT strengthens their poker network, it’s obvious that they are aiming to be a big player in the worldwide poker market.

In an interview with InsidePokerBusiness.com, IGT Interactive Marketing Director Peter Laverick said IGT’s considered Microgaming and PlayTech to his main competitors.

That is an obvious sign that IGT is setting up their sites really high.

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