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Pokerstars has Big Plans For Atlantic City Casinos

Friday March 22,2013 : THE RATIONAL GROUP HAS BIG PLANS FOR NEW JERSEY, SAYS ATLANTIC CLUB EXEC
 
Pokerstars parent could be interested in other New Jersey gambling properties hints chief operating officer
 
In an interview on the public service broadcaster NJTVonline this week, the chief operating officer of New Jersey's Atlantic Club land casino, Michael Frawley, talked about the application by Pokerstars parent The Rational Group to buy the troubled Atlantic City operation, giving an insight into the considerable investment that the Isle of Man online poker group was ready to make, and hinting that it may be interested in further buys.
 
And he suggested that in trying to intervene in the deal, Caesars Entertainment via the American Gaming Association may have an “agenda”, and urged the authorities to take a look “at what ulterior motive could be behind it.”
 
Frawley explained to NJTV managing editor Mike Schneider that the Rational Group was ready to invest but first needed an approval on its application to the New Jersey regulators, a process that Frawley appeared to feel was moving along satisfactorily.
 
Once the formalities were out of the way, Frawley said he expected that the transformation of Atlantic Club would begin...and it would be an exercise in quality.
 
"The one thing that they've [Rational Group] been great about is the plans that they’re going to make to make the property representative of their brand,” he said, adding that without the introduction of New Jersey's online gambling laws and the deal these made possible with the Rational Group, the Atlantic Club would have faced an unprofitable future.
 
“With PokerStars and Internet gaming, and the capital investment they’re prepared to make in the property, we expect to be more than profitable,” Frawley said, adding that PokerStars is ready to make a $20 million investment in the first year alone.
 
Frawley calculated that over the next five years, the investment will total over $40 million on just Atlantic Club, and he hinted:
 
“I know that there are plans to invest in other places in the state. We are also going to have to build a data center, which is a very significant property investment.”
 
Frawley stressed that in the online gambling activities that the Atlantic Club would seek to host, measures will be in place to restrict underage or problem gamblers by creating an exclusion list. He added that PokerStars is prepared to contribute a significant sum to a fund to address problem gamers.
 
“I think there needs to be a little bit more education on it [internet poker] in a lot of ways before people make a snap judgment,” said Frawley.
 
In a separate interview on the program, lobbyist Bill Pascrell III said he found the timeline of Caesars’ actions and the progress of the Internet gaming law to be more than coincidental.
 
“Isn’t it ironic that on Feb. 8 of this year while the bill was sitting on the governor’s desk, Caesars approached the PokerStars headquarters and asked them to buy the Rio for $400 million … because they knew that they control Nevada, [but] they don’t control New Jersey,” said Pascrell.
 
View the interview here: http://www.njtvonline.org/njtoday/video/atlantic-club-coo-anticipates-bright-future-with-pokerstars/



Gambling News :

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

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