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Pokerstars To Invest 10 Million in AC Poker Room

Thursday October 3,2013 : POKERSTARS PLANS BIG INVESTMENT IN ATLANTIC CITY CASINO PARTNER
 
Work on a $10 million poker room to begin immediately licence is awarded.
 
The first fruits of the Pokerstars Atlantic City partnership with Resorts Casino Hotel  emerged Wednesday with an announcement that work on a $10 million poker room is to begin as soon as Pokerstars is awarded a New Jersey online gambling license.
 
Company spokesman William J. Pascrell III told The Press of Atlantic City: “As soon as the license is in hand, they’re ready to start building.”
 
The new poker room is seen as a way of drawing online gamblers to Resorts to play in live poker tournaments, which in turn generate interest in poker online. Resorts hasn’t had live poker since early 2010.
 
“PokerStars is committed to investing significant resources to put in a brand new poker room at Resorts Casino Hotel. In addition to the poker room, they are committed to driving traffic to Atlantic City through their marketing,” Pascrell said.
 
This and other Pokerstars plans are set to generate "hundreds" of new jobs in Atlantic City, said Pascrell, but he emphasised that plans are conditional on Pokerstars achieving licensing status for the coming implementation of internet gambling in Atlantic City - the Isle of Man company clearly learned hard lessons from the Atlantic Club debacle that cost it so dearly .
 
If Pokerstars is awarded a licence, it will immediately hire 50 Americans to install the systems needed to launch Internet gambling in Atlantic City, Pascrell revealed, adding that the company wants to set up its North American headquarters in New Jersey, creating a further 150 jobs by Q2-2014.
 
After that, another 200 jobs be end 2014 are envisaged, dependent on the success of Internet gambling and whether multistate compacts are formed to turn online wagering into a nationwide system, Pascrell said.
 
The PokerStars.com and PokerStars.eu websites are operated overseas under licenses from the Isle of Man and Malta governments, respectively. Pokerstars also holds separate government licenses in Belgium, Denmark, Estonia, France, Italy, Spain and Germany, the company said.
 
Pascrell noted that Pokerstars remains interested in acquiring an Atlantic City casino, but that the Isle of Man company is not yet in serious negotiations to buy a casino and has not set its sights on any particular property.
 
“They’re willing to talk to all of the various casinos that are for sale,” Pascrell said.
 
The opening of a Pokerstars poker room at Resorts could give a useful boost to the land casino's fortunes. Resorts saw its gambling revenue increase nearly 12 percent in August and 6 percent in July compared to the same period in 2012, reports the Press of Atlantic City. Overall, the number of customer visits to Resorts rose 25 percent May through August.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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