Online poker group PokerStars exiting Macau, Mainland China and Taiwan – Media

Online poker group PokerStars is existing the Mainland China, Taiwan and Macau markets, gaming news platform CalvinAyre reported.

According to the report the poker group has recently sent an email to its customers informing that has made a number of banking changes set to facilitate player withdrawals.

These include lowering the minimum amount available for bank wires for players in these markets, as well as enabling withdrawal options via Much Better for Mainland China and Macau.

Online gaming is not allowed in Mainland China and Macau, as Chinese authorities having stepped up their efforts to curb cash flows out of the country via online gaming operations.

In June 2018, the Chinese Government actually banned online poker and the promotion of the game via all social media channels.

That same year The Stars Group – which holds the PokerStars – entered into an agreement with Hong Kong-based International Entertainment Corporation (IEC) to license the PokerStars brand for land-based live events – such as the Red Dragon Poker Tour – and poker rooms ‘across Asia,’ including Macau.

This year, The Stars Group merged with Flutter Entertainment plc, a UK based bookmaking holding company created by the merger of betting platforms, Paddy Power and Betfair.

In its recent financial report, Flutter Entertainment indicated that it has reviewed the PokerStars business and identified further opportunities to invest in areas such as marketing, product and technology while boosting its gambling/anti-money laundering procedures.

However, the group also noted that there was a small number of jurisdictions where The Stars Group operated that Flutter decided would be terminated.