Poker Stars and New Jersey Resort Sign Contract
This was published 05-07-2013Poker Stars, the world’s largest online poker room, is hoping to enter the gambling market inNew Jerseyand has recently signed a contract with Resorts Casino Club inAtlantic Citywhich will see it providing the casino club with online poker and games software.
Poker Stars is owned by the Rational Group which is based in the Isle of Man and the contract signed with Resorts is subject to approval of theNew Jerseygambling authorities. Atlantic Citycasinos are required to submit all the names of the software companies with which they intend partnering to theNew Jerseygambling authorities prior to the introduction of internet gambling which is scheduled for November, 2013.
Mark Scheinberg, the Chief Executive Officer of Poker Stars, said that Resorts is a perfect partner for them and that they are eagerly looking forward to launching Poker Stars in theUnited Statesin association with all the other quality brands that Resorts has brought toAtlantic City. Scheinberg added that they are absolutely thrilled to be investing inNew Jerseyand are very excited about building a successful relationship with Resorts.
Morris Baily, Resorts’ Company Chairman, also commented on the deal by saying that this is yet another blue chip partner for them to complete a marvelous series of brands – Margaritaville, Mohegan Sun and now Poker Stars.
Rational Group has been “keeping their eyes open” for an Atlantic City terrestrial casino with which to partner in order to gets its foot into the door of this newly regulated online gambling industry. The group had previously partnered with the Atlantic Club Casino but the deal fell through when the deadline to complete the deal was not met as they had not yet received final permission from the authorities. Atlantic Club immediately proceeded to terminate the deal which resulted in Poker Stars losing millions of dollars in fighting to retain the contract. The Judge, however, ruled against Poker Star’s requests.
In 2012 a multi million dollar settlement was reached between Rational Group and Poker Stars in return for Poker Stars being given an opportunity to re-enter the online gambling market in theUSwith a clean slate.
