Sunday, April 29, 2007

Yahoo Enters Online Poker Market

Online poker might change dramatically in the coming months. The first online mega-giant has entered the fray.

Both Party Poker and Poker Stars representatives have been quoted in the past as saying that the real fight begins when one of the big online brands enter the market. Well...here it comes.

Yahoo's site is currently not open to U.S. or Canadian players, as the UIGEA continues to cast doubt. Others however, are welcome to sign up at Yahoo Poker (I purposefully did not link for fear of being accused of affiliate links) and begin playing immediately on the Boss network.

Markus Holm, Executive Vice President and Head of Business Development of Boss Media said, "We are delighted to be working with Yahoo! UK and St Minver. This partnership takes Boss Media to a new dimension and is a very strategic milestone for the company. It confirms that online gaming and entertainment are becoming increasingly integrated and that a major portion of future growth in our industry will come from large online entertainment brands."
"This partnership strengthens our position as the leading online poker software provider for the European market. Product innovation and an in-depth understanding of the European gaming landscape are keys to our success."

Is this the spark that lights the fuse for the next poker boom? Could be, but in and of itself, probably not. A more interesting thought, is that perhaps Yahoo knows something about online gambling regulation that we do not and is positioning themselves for an upcoming change.

The UIEGA looks weaker every day. Great news for us all, player or bot...American or not. Six months on from the introduction of the UIGEA in the United States and on the day that Congressman Barney Frank announced his bill to regulate online gaming, this news marks another seismic event in the relatively short history of the online gaming industry.