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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.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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