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    • PartyPoker Gets It's Foot In The U.S. Front Door


    The story of PartyPoker's exit from the American facing market is markedly different from that of the trio of big companies which were booted out following Black Friday. In what now seems like a business decision of staggering foresight, PartyPoker pulled out of the States in 2006, following the passing of the UIGEA, an agreement with the Department of Justice and also a one-off payment of $105 million to the American taxpayer.



    PartyPoker had previously commanded up to 40% of the global online poker market but for the next five years was forced to sit and watch as Full Tilt PPoker, PokerStars and Absolute Poker hoovered up the majority of U.S. business. With the forced exit of those companies from the market, PartyPoker now sees itself as ideally placed to re-enter the game, pending the required legislation, and to reclaim those players who were forced to choose another venue back in 2006.



    PartyPoker and Bwin merged in 2010 to become bwin.party and CEO Jim Ryan has spent recent weeks touring the U.S. in the search for investors in the (as he sees it) inevitable upcoming opportunity.



    Congress Set To Debate Poker Legislation


    In related news, the United States Congress, specifically the Subcommittee for Commerce, Manufacturing and Trade, will hold a hearing on the subject of online gaming on October 25th. The Poker Players Alliance (PPA) has said it will be supporting and following the proceedings closely, part of which will be Joe Barton's Online Poker Act of 2011. Barton is in fact one of the members of the subcommittee.



    There's no immediate promise of progress but the momentum certainly appears to be growing and if individuals such as Jim Ryan can get wealthy investors on his side, the tide may start to turn against an arguably silly law.




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