October 26, 2011 02:17 ET

Why Bodog is Exiting from the US, Reports

With the withdrawal of Bodog from the online poker market in the US, the country's online poker industry and players have suffered yet another devastating blow.

LONDON, UNITED KINGDOM--(Marketwire - Oct. 26, 2011) - With Bodog Poker too taking the big decision to opt out of the US market, online poker in the US has faced yet another terrible blow. The company, which owns a series of online gambling sites, announced recently that the poker site will discontinue its services to the US market once its license from the Morris Mohawk Gaming Group expires by the end of 2011. This signals the end of yet another option for US players to play poker online. reveals more about this decision by Bodog Poker.

The sudden decision by Bodog to move out of the US seems rather strange. This is because, in the aftermath of Black Friday, the company n asserted proudly that it is one of the few poker sites that is still running in the US while its chief rivals like PokerStars, Full Tilt and UB poker had shut down their services in the April 15 crackdown.

Bodog released a statement recently stating that it withdrew from the US market to avoid any negative perceptions about its brand among people from Asia and the UK who turn up at the site regularly to play poker online for money. This decision was also made in view of Bodog being the first online bookmaking company to be licensed by the UK Gambling Commission.

In the statement that Bodog made, the company also expressed concern over the fact that operating in the tense atmosphere of the online gambling industry in the United States might lead to negative press, which in turn could affect its business in Asia and Europe. The company also claimed that present US players need not worry about their funds as they will remain safe.

Bodog also stated that it hopes to regain its past glory, when it attracted significantly large visitor traffic through its initial years in business. The company experienced a slump in traffic over issues regarding cash outs and loyalty programs. The withdrawal from the US market, no doubt, will seriously affect the company's traffic, which has seen a resurgence of late. But there are hopes the marketing efforts in Asia and Europe will pay off.

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