Without introducing any notification or warning, PokerStars withdrew the Asian Market of Poker
PokerStars, after its parental firm, has recently compounded with British Gaming Giant flutter Entertainment, one of the largest online Poker platforms withdrew from Asia without releasing any notice or legal warning by ignoring the rights of its partner company and Asian Poker Players. It is known to be one of the biggest online Poker Site that has a huge market share in the Asian market, particularly China.
6UP is known as the exclusive companions of Asia’s poker company PokerStars. In 2019, the holding companies of The Stars Group, PokerStars and 6UP have contracted the agreement for their companionship in the Asian market. They formally announced an online Poker site. On 1 September 2020, without releasing any notice of withdrawal to 6UP, PokerStars publicly announced its removal from the Asian Market.
After Receiving the withdrawal information later, 6UP and PokerStars involved in demanding conferences, but then the discussion reached to an impasse. PokerStars suggested on exiting the Asian Market irrespective of the interest and rights of its companion company and customers.
As per the rules and regulations of the Poker Market, this sudden notice informs that if one party is thinking of removal, the other party should be informed in writing in advanced otherwise removal party have to face legal actions. The agreement can be concluded only after the agreement signature of both companion companies.
Nevertheless, the PokerStars was enormously obligatory on the indenture and was measured to be causing damage to the 6UP, now, the only partners of Asia. Their conclusion was measured as irresponsible and speedy, and it even disputes the belief of Asian Poker Players.
As per the reliable bases and available reports, the 6UP will permit lawful action against removal company PokerStar’s parental company, Flutter Entertainment, in order to show that the agreements and rapports have gotten, are rational and pursue reimbursement for the loss in benevolence and profits. The company also stands for the rights of Asian poker Players.
We extremely remorse the removal of PokerStars. Once this company was the first choice and heart of Chinese Poker Players. We have found numerous exceptional players in PokerStars. They also have shaped an unforgettable glory in Asia but still causing damage to their partners and Poker Lovers.
The proper legitimate results wait for this commercial dispute by PokerStars. The company not only violated the trust of the partner but also the customer’s trust that deserved legal consequences. The reputation of the company will definitely be damaged forever.