Resorts CEO “Still Believes” in “Our Partner” PokerStars

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Atlantic City casino Resorts “still believes in PokerStars” – despite PokerStars’ continued tenancy in regulatory no man’s land.

That’s per comments made by Resorts Casino Hotel President and CEO Mark Giannantonio to Press of Atlantic City’s Jennifer Bogdan.

“They are our partner, and we’re waiting for them to be licensed,” said Giannantonio. He declined to comment on whether Resorts was free to seek other partners while PokerStars’ license remains in limbo.

Read the entire article here.

PokerStars’ New Jersey saga continues

The partnership between PokerStars and Resorts, PokerStars’ second with a land-based New Jersey casino, was originally announced in July of 2013.

PokerStars first attempt to secure a land-based partnership ended in litigation. That partner – The Atlantic Club Casino – filed for bankruptcy shortly after the collapse of the deal and was acquired via a joint bid placed by Caesars and Tropicana.

In October 2013, PokerStars pledged to build a $10mm poker room at Resorts should their online license be approved by regulators.

In December of 2013, New Jersey regulators suspended PokerStars’ license application, citing the “unresolved federal indictment against Isai Scheinberg […] and the involvement of certain PokerStars executives with Internet gaming operations in the United State following the enactment of UIGEA.”

The American Gaming Association vigorously opposed PokerStars’ entry into the New Jersey market last year, but has had little to say on the matter in recent months.

Meanwhile, in California …

PokerStars is also seeking entry into the yet-to-be-regulated online poker market in California.

The company made a splash last week when it announced a tentative partnership with a group of powerful California entities, including the Morongo Band of Mission Indians and cardrooms Commerce, the Bicycle Club and Hawaiian Gardens.

That coalition is pushing back aggressively against the inclusion of any so-called “bad actor” clause in bills to regulate online poker in California.

Both active bills in California currently contain such a clause, which is widely understood to primarily be a mechanism for preventing PokerStars from participating in the market.

- Chris is the publisher of OnlinePokerReport.com. Grove also serves as a consultant to various stakeholders in the regulated market for online gambling in the United States.
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