Rumors have been floating across the Internet world the past few weeks about the possibility of a merger between Absolute Poker and UltimateBet. Both sites continue to take bets from the United States and combined would be one of the top five largest poker sites in the world.
Absolute Poker is the self-proclaimed fourth largest online poker destination in the world. It was established in 2003 and is licensed and regulated in Canada. It's believed that the site is looking to buy out UltimateBet which has been providing poker on the Internet since 2000 and is also licensed in Canada by the Kahnawake Gaming Commission.
Several sources have reported that the two companies would be making the official announcement of a merger this week, but so far they remain tight-lipped about the merger.
There also aren't many details available about the possible deal such as how the merged companies would be structured or effect the staff of both companies. It is believed that there will be a strong marketing push in the U.S. poker market in the near future though.
The possible mergers are a consequence of companies making major changes after the passage of the Unlawful Internet Gambling Enforcement Act in the United States, which takes another step in banning online gambling in the nation. Several companies like PartyGaming have pulled out of the U.S. market and are looking to strengthen their position in the industry with mergers.
Some companies that remain strong and continue to accept customers from the United States such Bodog.com and Absolute Poker are expanding by acquiring other companies.
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