Writing in the news section of the online site Poker Player this
week, Paul McGuire claims that the Unlawful Internet Gambling Enforcement
Act passed recently in the USA is starting to impact jobs in the poker
publications sector.
Citing recent but unspecified lay-offs at Card Player Magazine and
World Poker Tour, McGuire says that the trend has become too common
in the business these days, with many jobs in the once thriving sector
either lost or subject to pay cuts.
The cause is primarily lost advertising revenues from large poker
providing companies that have either pulled out of the US market,
or have experienced reductions in revenues as a direct result of the
UIGEA.
The majority of companies, sites, and publications rely heavily on
advertising dollars to cover operating and distribution costs along
with payrolls. Without the mega-dollars pumped in by online poker
sites, the ad dollars are drying up in some areas causing devastating
affects on both large and smaller outlets.