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Is Pokerstars Sending New Jersey A Message
Friday January 3, 2014 : POKERSTARS AND NEW JERSEY - A QUESTION OF INTERPRETATION.
Was Pokerstars end-of-year comment a not-so-veiled threat?
Pokerstars end-of-year critical blog commentary on the failure and auction of the Atlantic Club casino has been interpreted as more than just a parting shot at owners who walked away from a deal with the online poker giant, only to drive their own company to ruination.
On Thursday the online poker information site Online Poker Report re-visited and took an in-depth look at the blog post attributed to Eric Hollreiser, communications chief at Pokerstars' parent The Rational Group...and came to the conclusion that there was a thinly veiled message for New Jersey in the sub-text.
OPR says the intended recipient of that message was the New Jersey Division of Gaming Enforcement, which earlier this year slapped a two year suspension on the Pokerstars application for a New Jersey online gambling license, conditional on the company making certain changes centred around US-indicted founder Isai Sheinberg.
The message presents two points worthy of consideration, says OPR:
A licensed and regulated Pokerstars has the potential to deliver hundreds of jobs and millions of dollars in investment to New Jersey by becoming involved in the nascent online gambling market there, and basing its headquarters in the state.
It can make that sort of major investment and commitment in some other, more receptive and possibly even competing US state.
OPR's argument is persuasive when considered against the background of what Hollresier actually wrote:
"We continue to share the vision that online gaming will be a boon for New Jersey. Unfortunately, PokerStars is no longer in a position to help the Atlantic Club employees and the local economy in general. The continued delays in our regulatory review prevent us from entering the market at this time and bringing the marketing and operational investment we have planned for the past year.
“The central pieces of that investment are the US headquarters PokerStars is proposing to locate in New Jersey that would provide several hundred jobs and the eight-figure sum said to be earmarked for an overhaul of the Resorts poker room."
And in the concluding sentence in the Hollreiser post, which reads:
"PokerStars will continue to pursue our goals and remain confident that we will have a strong presence and positive economic impact in the American market in 2014, whether that is in New Jersey or another state seeking the benefits of being home to a world-class online gaming company."
Perhaps strengthening the OPR interpretation of the blog post, our readers will recall our report earlier in December which noted that Pokerstars lobbyists have been energetic in lobbying politicians in neighbouring New York on internet gambling and its possibilities.
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Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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