UK Sites See Increase After Black Friday

Thursday, April 21th, 2011 - Tammy F.

Last week, three of the biggest online poker websites were shut down, after the American government charged Poker Stars, Full Tilt Poker and Absolute Poker with money laundering and the operation of illegal gambling websites. Players in the United States were devastated by the loss, but operators in the UK are praising the situation. 

After the announcement of the shutdown of the three sites, their stocks plummeted as investors pulled out of the now risky companies. Fortunately, operators across Europe and the UK are seeing the opposite reaction, as shares are shooting up shortly after the Black Friday debacle. 

According to The Guardian, Bwin.party shares were up by nearly 30%. This is great news for the company, as it has recently seen some rocky activity after Germany announced its plans for gambling reform. Now, Bwin.party seems to be on the upswing and will continue while the situation is sorted out. Another UK-based company, 888, has also seen an increase in profits with a 19% rise in their stocks. 

The reason for this is that many payment processors, players and affiliates are making the move to safe online gambling companies. While the situation surrounding Black Friday operators is being dealt with, an increasing number of UK operators can expert more investors and even more players.