French-regulated client of PokerStars – PokerStars.fr declared previous week to their Austrian player base that it would no longer be serving poker players staying in the country starting at 10:00 AM (ET) on 1st March, 2016. The notification communicated Austrian poker players that a alteration in regulatory framework is the reason they would no longer be welcome to play on French PokerStars client.
Upon that news, poker players came to poker forums (that includes TwoPlusTwo) to talk about the news with the reasons this is taking place. The email subscribers got explanations that players could still utilize their StarsCoin balances to buy things in VIP Store as well as the site would convert tournament dollars and tickets into cash automatically.
Poker players pondered that the cause for the pullout might have related to a very recent contract announced between iPoker Network owner Playtech and Austrian Lotteries and Casinos Austria owner Win2Day, where the former would offer poker platform services to the latter might have been the reason of the bow out because of the timing. Even though Win2Day is presently the only online poker channel licensed in Austria under their gaming authority, this news appears to be just unrelated and coincidental.
The double taxation subject is quite a sticky one. Because of French rules, the online poker operators are taxed around thirty-seven percent on gross gaming revenues. The huge tax already files an important dent into profit perimeters for any online poker firm providing regulated services under French license.