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AGA confirms opposition to Pokerstars Atlantic City deal

Land casino trade association confirms opposition to Atlantic City land casino deal
The American Gaming Association, which counts most of the major Las Vegas land casino operators among its members, has made an unprecedented move in filing its opposition to the proposed acquisition of Atlantic City casino Atlantic Club by Rational Group, the parent company of online poker giant Pokerstars.
The Association has never before sought to influence a licensing procedure, and cited prior legal issues involving Pokerstars in the US market, many settled in a multi-million dollar agreement with the Department of Justice last year .
AGA spokesperson, Holly Wetzel, confirmed the Association's opposition, saying that it had filed a petition with the New Jersey Division of Gaming Enforcement and Casino Control Commission.
Rational Group communications chief Eric Hollreiser immediately fired back, saying:  “These are matters for expert regulators to determine, not self-interested partisans picking a public fight. We will continue to work positively with regulators in New Jersey and elsewhere whenever they review our qualifications.”
The AGA petition received wide coverage in the American media late Monday, with a number of commentators opining that the AGA move was either an attempt to shield its members from competition in the land gambling sector, or was motivated by fears of competition in the legalised online gambling sector, where momentum has been growing this year in Nevada, Delaware and New Jersey.
Hollreiser pointed out that his company holds licenses in France, Germany and other countries and was allowed to purchase the assets of its largest competitor - Full Tilt Poker - in a settlement with the U.S. Department of Justice last year.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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