Jonathan Farber, unsplash To hear the Head of Poker at BetMGM tell it, the operator has several things working to its advantage as it competes with the likes of PokerStars and GGPoker.
Sure, those sites attract players from all over the world and operate in several gray markets. They all have large databases of players to draw from when they do enter regulated markets, such as the case in Ontario.
But in an exclusive podcast interview with pokerfuse , Director of Poker Luke Staudenmaier said BetMGM is poised for success against the competition for several reasons — it can leverage brick-and-mortar facilities in its growth plans, and it has a strong presence in the online casino and sports betting verticals. US Poker is “All Upside” Compared to Europe
The most important thing is going to be the expansion of player pools in terms of more states, more states joining [the Multi-State Internet Gaming Agreement (MSIGA)] — because then you’re able to offer new products. Staudenmaier worked for PokerStars for seven years before coming to BetMGM. He decided to leave Europe after it became clear that it was getting progressively more challenging for operators like PokerStars to conduct their business.
“There’s probably more opportunity in the US than the rest of the world market, where regulations are generally making it harder for operators,” Staudenmaier said. He concedes that stateside “is moving a bit slow for poker, but it’s all upside.
“There’s going to be more markets in the future, whether it takes a short or long time. [Operators] are not going to be wrestling with regulations in, let’s say, Germany, the Netherlands, and so on.”
Staudenmaier added that, in broad terms, he couldn’t think of anything harmful that could vex online poker markets in the US over the next three to five years.
“It’s hard to think of something negative because we know that shared liquidity is going to expand, even if it’s slow,” he said. “We know that there isn’t going to be legislation that says, for example, players can only wager three cents in a hand in a cash game, or whatever it happens […]
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