PokerStars To Enter New Jersey Online Gaming Market, After All

admin, July 4, 2013 4:15 pm

PokerStars To Enter New Jersey Online Gaming Market, After AllYesterday, The Rational Group announced that PokerStars would be re-entering the New Jersey online gaming market after all, following a deal struck between the online poker giant and Atlantic City’s oldest casino, the Resorts Casino Club.
The deal was subsequently confirmed by Resorts’ Chairman Morris Bailey, who later remarked; “This is another blue chip partner for Resorts to complete a wonderful series of brands – Mohegan Sun, Margaritaville and now PokerStars.”
Not surprisingly, The Rational Group were equally delighted with the new partnership with the company’s CEO Mark Scheinberg, commenting: “Resorts is a fantastic partner for us and we are looking forward to launch PokerStars in the U.S. in association with the other quality brands Resorts has brought to Atlantic City. We are very happy to invest in New Jersey and we are excited about building a successful relationship with Resorts.”
Originally, PokerStars had sought to re-enter the internet poker market in the U.S by purchasing the Atlantic Club Casino in New Jersey, but the deal later fell through, not least after the American Gaming Association (AGA) tried to convince the New Jersey Casino Control Commission that PokerStars is a “criminal enterprise. PokerStars is believed to have forfeited the $11 million it made in front payments under the terms of the original purchase contract.
Nevertheless, despite all the optimism over PokerStars’ deal with the Resorts Club, final approval by the New Jersey gaming regulators will be necessary in order to finalize the proceedings. If all goes well, however, it will leave just two of Atlantic City’s 12 casinos still seeking partnership agreements for online gambling, namely the Atlantic Club and Atlantic City’s newest casino resort Revel, both of which happen to be AC’s worst-performing properties.
“Our intentions have, and will continue to be focused on the aggressive pursuit of New Jersey’s emerging online gaming opportunities,” announced The Atlantic Club’s CEO, Michael Frawley, recently.

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