Tribeca Poker Network Pulls out of U.S.

One might have thought that the damage from the UIGEA was all done, that all of the online poker rooms who were going to stop doing business with U.S. customers would have announced it by now. Well, one might have been wrong. Friday, the Tribeca Poker Network, home to Golden Palace Poker and Doyle’s Room, announced that it will be retreating, as well.

No time frame has been set for any actions to take place, but Tribeca has stated that nothing will happen immediately. Below is the network’s statement:

****************************************

London, November 10th - Following a long period of consultation with it's gaming attorneys, Tribeca Tables Europe, Limited, the online poker solutions company, has announced that the company has decided to withdraw it's poker room from certain territories; specifically the US, Israel, and Hong Kong markets.

In light of the recent introduction in the US regarding the "Unlawful Internet Gambling Enforcement Act of 2006" and in line with most other responsible networks and poker operators, the company will focus on more non US territories and new markets. Tribeca will endeavour to assist it's US facing clients in particular with the transition as much as possible. Players do not need to worry as the transition will take several months to implement.

Erik Ahlberg, new President of Tribeca Tables said, "We are now initiating this policy and will work closely with our customers to ensure as little harm as possible to their overall business."

Steve Cook, European managing director added, "The board have taken a considerable amount of time to weigh up all of the options and sought a great deal of legal and market advice. We had agonized over the decision for several weeks, but sadly we have no alternative. We have concluded that it is the best way forward for the company."

Tribeca's portfolio of brands still includes many European facing brands such as Sporting Index, Paddy Power, Blue Sq, Victor Chandler, and with the recent merger with Tain, the addition of Expekt.com and its other skins.
The company also intends to make a further announcement regarding its poker network in due course. For further information please contact: moreinfo@TribecaTables.com


****************************************

Originally published November 11, 2006