888 has pulled out of Australian market with Pokerstars not far behind. This is due to pending legislation banning all forms of offshore on-line gambling. On-line poker is not the main target, but rather offshore sports-betting companies as they don't pay taxes. Legal - tax paying - online betting is huge in Australia (similar to UK) and IMO its all about protecting their interests.
Received e-mail today:
Hey xxx,
Following a business reevaluation, we’d like to inform you that 888poker’s services are not being offered to players residing in Australia and therefore your account will be closed as of 16/01/2017.
You’ll continue to be able to withdraw all funds from your bankroll using our web cashier.
If you’ve already registered to any of our tournaments starting from 16/01/2017 onwards, please unregister as you won’t be able to participate.
Regards,
888poker team