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Somebody must have used their “one time”.
As first announced by PokerStars Head of Corporate Communications Eric Hollreiser via Twitter:
The news comes on the heels of the disintegration of PokerStars’ attempt to purchase the ACC and the announcement by the NJ DGE that all 12 Atlantic City casinos had agreed to online partnerships.
New Jersey authorities must sign off on this (and all) partnerships.
As far as a timeline, the next key date is the end of July. That’s when all license applications will be need to be complete and fully submitted.
If an application is in by that deadline, the DGE “will be in a position to determine if they can commence internet gaming operations by the go-live date,” according to DGE spokeswoman Lisa Spengler.
The go-live date Spengler references is late November 2013.
Handicapping the likelihood of approval from NJ regulators is becoming something of a popular sport on Twitter.
Yes – for an Interim Casino Authorization. That would have allowed PokerStars to operate a casino in New Jersey.
While the application was completed, the DGE did not reach the decision stage of the process. I believe the application is still technically open.
This time around PokerStars need a casino service industry license. You can read more about what that entails here.
In reality, the application for one likely subsumes the application for the other, meaning New Jersey authorities probably already have much, if not all, of what they need to evaluate PokerStars’ application for a service industry license.
If I read NJ regulations correctly, there’s not a looser or lowered standard for service licenses as compared to ICAs. Someone with more intimate understanding of the process may have a better sense on this one.
That’s still winding its way through the courts, although the latest decisions have been firmly in favor of the Atlantic Club’s right to terminate the deal.
According to an AP report, PokerStars has not informed the DGE of its plans with regard to the ACC purchase one way or the other.
Resorts Casino Hotel and The Rational Group, operator of PokerStars, the world’s largest online poker site, have reached an agreement to provide online gaming in New Jersey, the companies announced today.
The agreement links the first casino to open in Atlantic City with one of the biggest online gaming companies in the world.
“This is another blue chip partner for Resorts to complete a wonderful series of brands – Mohegan Sun, Margaritaville and now PokerStars,” said Morris Bailey, Resorts’ Company Chairman.
“Resorts is a fantastic partner for us and we are looking forward to launch PokerStars in the U.S. in association with the other quality brands Resorts has brought to Atlantic City,” said Mark Scheinberg, CEO of The Rational Group. “We are very happy to invest in New Jersey and we are excited about building a successful relationship with Resorts.”