Poker Stars Pulls Out of WA Market
Monday, November 8th, 2010The state of Washington is now in the midst of problems when it comes to gambling. The state’s legislators have long been debating the issue of gambling but predominantly have been leaning towards banning gambling. Though the normal arguments are around, it doesn’t seem to be swaying the market. Gambling brings millions of dollars into markets and not to mention it brings jobs. Despite the positive changes gambling can bring, Washington residents and legislators are not swayed. They don’t believe that the financial advantage wins out. This is the main reason why other states have given into their gambling initiatives. It is the promise of abundant cash and jobs that sways most states into accepting gambling as a means of financial aid. Washington isn’t budging though. Residents of the state have recently been denied access to the famed website Poker Stars. It is the world’s biggest poker room and the pull out is a sign of how up in the air the world of online gambling is in the market today.
This is big news for the market because this is the first time that a casino company stopped players from accessing its poker room as respective to one particular state. This is significant because it only stresses the fact that companies can make this decision, but rarely do. It means a loss of revenue and traditionally companies are not in the market of losing or denying money. It isn’t that hard to see how business works—supply and demand work together. If gambling companies are pushing potential customers out that could mean that they are going to continue to be discerning with certain markets. This is the first time a company made a ruling based on geography. In the future expect more companies to continue to open their doors and not close them to the market. This was a reflection of where the state of Washington is on the issue of gambling. The state’s legislators have been clear that they don’t want gambling in the state and the voting public seems to be supportive of that. Only time will tell if gambling will change in the state, but for now it is out of the question as a pastime.

