Caesars + PokerStars vs. Adelson
Two major developments to report in U.S. online gambling this week.
First, Resorts Atlantic City will offer iGaming by month's end without PokerStars. Meanwhile, PokerStars and Caesars entertainment are joining forces to promote iGaming legislation and defeat Sheldon Adelson.
PokerStars and Caesars Partner to Battle Adelson
In a move that shocked many in the poker world Caesars Entertainment and PokerStars have now joined forces to promote iPoker legislation at the state and national levels.
Caesars announced late last week that it now supports PokerStars' reentry into the United States. This was followed by the announcement on Monday of the partnership between the companies.
The reason behind the partnership is simple: Sheldon Adelson. Caesars acknowledged that PokerStars is no longer an enemy but a solid ally in the fight against Adelson's campaign to block online gambling in the United States.
PokerStars' reentry into the US is a heated point of discussion in New Jersey and California. Lawmakers have had difficulty passing a bill in California due to some Indian tribes' stance against PokerStars.
The partnership between two of the world's largest gambling companies should help to sway some in state and national government away from Adelson. RAWA is viewed as the greatest threat to online poker since the UIGEA and its defeat now appears to be the primary goal of Caesars.
Resorts NJ to Offer Online Gambling - Without PokerStars
The Resorts Casino in Atlantic City New Jersey announced on Wednesday it will start offering real money iGaming by month's end but it will be minus online poker giant PokerStars.
The New Jersey Division of Gaming Enforcement approved Resorts to offer real-money iGaming services through Sportech NYX Gaming LLC, a partnership formed to provide iGaming services specifically to U.S. clients.
At present Resorts operates the free-play site ResortsCasino.com and offers only free-play slots. This will be expanded by month's end to include table games.
According to CNBC the site will launch over 120 real-money slot and table games. This number includes 40 products never before seen in the state.
PokerStars' application remains under review with the DGE. Recently many have speculated that state Governor Chris Christie is behind the delays.
Resorts is currently dead last in Atlantic City in terms of revenue but did show a 6.6 per cent increase in profits in 2014.