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Pokerstars Investing Big Money In AC Casino
Monday February 4,2013 : POKERSTARS SET TO PUT BIG MONEY INTO ATLANTIC CITY CASINO
Atlantic Club COO talks about possible improvements
With its proposed acquisition of the Atlantic Club land casino still progressing through the New Jersey regulatory system, Pokerstars parent Rational Group has big plans for improvements, it would appear.
Philly.com quotes Atlantic Club chief operating officer Michael Frawley, who along with a colleague first came up with the idea of an online - land convergence through a deal with Rational Group in the last quarter of 2012.
Frawley revealed that the agreement with Rational will see significant investment in the struggling Atlantic City casino, revamping the operation, saving some 1,729 jobs and possibly creating 500 new posts.
That's of course assuming that the New Jersey authorities approve the acquisition, and Governor Chris Christie revitalises AC by signing into law the online gambling legalisation bill his Legislature recently passed.
Those 500 extra jobs could flow from Rational's plans to set up a 10,000 square foot data centre and a substantial Support Centre for players in neighbouring New Jersey City.
Rational Group's PR chief, Eric Hollreiser, told Philly.com: “The future of gaming is to be able to provide a mix of online and offline gaming, and our interest in Atlantic City is being able to offer that mix. The deal is based upon the vision.”
Hollreiser went on to hint that if the current status quo in New Jersey prevails - in other words if the governor fails to facilitate the introduction of online gambling through AC casino operators - the investment Rational is prepared to make could be somewhat smaller than that it envisages if the legal environment is changed and "...we can fulfil the vision of online and off-line; clearly, the investment grows with it.”
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Gambling News :
William Hill Chairman Not Stepping Down -
There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.
Canadian Lottery Looking at Online Gambling -
The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.
Red Riding Hood Online Slot Launched -
The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.
Super Heroes Slot Launches -
When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.
Playngo in Deal With Betclic Everest Group -
Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.
2016 Italian Poker Tour main event in Malta -
After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.
Betradar in Deal with OPAP -
Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.
2016 888poker Make It Big Tournament -
A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.
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