Business Services Industry
National League of Poker Holds the Winning Hand for Legal Online Poker Play
Business Wire, June 28, 2007
Almost One Year After UIGEA Bans US-Based Online Poker, NLOP[TM] Comes Out on Top
FRAMINGHAM, Mass. -- The National League of Poker (NLOP[TM]), the leading Free poker site for US-compliant poker game-play on the web, announced today it will make its national debut at the Gaming Life Expo at the Rio Hotel and Casino in Las Vegas, July 5th through 8th, during the World Series of Poker (WSOP) main event. NLOP is the only online poker play site that has been allowed to have a presence at the Expo - a stark contrast to last year's event - where over a dozen online poker sites, including Party Poker and Poker Stars, had significant presence.
This industry paradigm shift can be attributed to the October 2006 passing of the Unlawful Internet Gambling Enforcement Act (UIGEA). This law is aimed to cut off the flow of funds to offshore gambling sites. The act virtually put a stop to almost all offshore poker sites, some who had built huge market capitalizations on foreign market exchanges. Since the UIGEA, most casino and poker sites have shuttered their US operations, leaving an estimated 75+ million poker-playing Americans - 30 million of which played at online poker sites - with a huge void.
"NLOP is completely free to play, but more significantly, we have created a game play methodology and points system that makes the game feel like real-money sites," said Michael Clebnik, Chief Executive Officer for NLOP. "Playing poker for free is only enjoyable if there is something to win and something to lose, and there is a lot to win on our site. Each month, NLOP guarantees $25,000 in cash and prizes, including trips, electronics, sponsor specials and more."
NLOP first launched in June 2006 and today has over 125,000 registered users, delivering over 22 million minutes of poker play last month alone. NLOP operates like a Fantasy Sports-style poker web site and community with weekly leader boards and points based competitions. Since March 2007, NLOP has awarded twelve $1,500 WSOP seats, plus expenses, and a $10,000 WSOP seat to the main event.
The winner of the main event seat, David Berinsky, from Pittsburgh, PA won the Poker and Pigskin Championship at NLOP - which culminated ten weeks of free poker competition. Berinsky won a $10,000 buy-in to the 2007 World Series of Poker event in Las Vegas and commented "NLOP was a great find because it's different. It gives you the luxury of not having stress on your wallet and you can focus more on your game. NLOP has very cool prizes that people cannot afford to buy themselves."
For on-site interviews with Michael Clebnik, visit NLOP Booth #215-217; or visit www.nlop.com for additional information.
About National League of Poker
National League of Poker (NLOP[TM]) is the leading US-compliant poker site on the Internet with over 125,000 registered users. NLOP provides fun, free and compelling game play to US-based poker enthusiasts. In the wake of the enacted Unlawful Internet Gaming Enforcement Act, NLOP has emerged as the leader when many Poker sites have blocked any US-based access. NLOP is a wholly owned division of Power Play Development Corporation (Pink Sheets: PWPY) headquartered in Framingham, Massachusetts. For more information, visit www.nlop.com or dial 508.405.2224.
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