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Pokerstars Reviving Deal With Resorts Casino

Friday June 13,2014 : POKERSTARS U.S. DEAL WITH RESORTS CASINO TO BE REVIVED
 
Amaya plans an early start on entry to the New Jersey online gambling market.
 
During a conference call Friday on his company';s $4.9 billion acquisition of The Rational Group , Amaya Gaming CEO David Baazov said he regards reviving the Pokerstars deal with New Jersey's Resorts Casino as a priority.
 
The deal has been on the back burner since the New Jersey regulators put the application on hold for two years pending infrastructural changes at Pokerstars.
 
Baazov said that the acquisition agreement should satisfy the regulator, and expressed confidence that Pokerstars will be acceptable for regulated and licensed operations in the US online poker market, initially in partnership with Resorts.
 
He noted that his company has a successful record of working with North American regulatory bodies, which would be employed in seeking legitimacy for Pokerstars.
 
In related news, Warwick Bartlett, CEO of Global Betting & Gaming Consultants, commented on the Amaya-Rational deal Friday, saying the agreement was unexpected and would be felt for some time in the online gambling industry.
 
He added that Pokerstars was a market leader and a highly efficient company, and that its acquisition by Amaya would, if approved by shareholders, make that company one of the biggest gambling enterprises in the world.
 
"The success of Amaya will now depend on three things. First is whether it can manage Pokerstars as well as the founders Mark and Isai Scheinberg.  The father and son team were driven to make PokerStars the number one company, will that same drive now exist at Amaya and the PokerStars team?
 
"If it does then there is further trouble in store for the present incumbents in the USA namely 888 and Bwin Party who are presently market leaders in New Jersey.  Add Pokerstars to the mix and you can see that market share will be lost by both in what has been a disappointing market so far.
 
"The second big question concerns whether Pokerstars under the Amaya umbrella will win licenses in the USA.  Much depends on them doing so to account for such a high purchase price.  They will of course have to overcome bad actor clauses that most states are including in their forthcoming legislation. So it is not going to be easy, but nothing is in the new world of e-gaming.
 
"Finally Amaya is a quoted company and PokerStars has historically traded in countries that the industry calls ‘grey’ markets. These are jurisdictions where there is no law allowing Internet gambling but no law forbidding it.  Will Amaya close those markets down?
 
"It isn’t going to be easy. For Pokerstars the big win is access to the USA and this is possibly the only route. For every buyer there is a seller and the sellers in this case have been proven to be very astute in the past.



Gambling News :

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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