US Loss Means Profit Loss to Paradise Poker

The Unlawful Internet Gambling Enforcement Act that passed on October 13th left many online poker rooms casting about for which way to turn regarding US players, which made up the bulk of the bodies at the virtual tables day in and day out online. PartyGaming saw a drop of nearly 70% in stock value after that day, and online poker powerhouse Paradise Poker is reporting a potential loss of sales and revenue of up to 90%. American players comprised of some 80% of players at Party Poker, and they expect about 19% of non-US players to leave as well, heading to a US-friendly site such as Full Tilt and Poker Stars in search of competition and easy money.