PokerStars’ Quest in NJ Continues with New Casino Partner
Rational Group may have failed in its attempt to acquire ownership of Atlantic Club casino, but has found another way to pursue its online gambling quest in New Jersey. PokerStar’s parent company has entered into a partnership agreement with Resorts Casino Hotel, for the latter to act as terrestrial host to PokerStars’ website in NJ’s jurisdiction.
Rational Group’s forward-looking statements last Wednesday delved mainly on the new partnership deal and excitement over future investments in Atlantic City. There was no comment regarding the NJ appellate court’s rejection of Rational’s appeal to revert a previous court ruling, which sided with the owners of Atlantic Club.
Resorts Casino Hotel submitted its application for Internet-based gambling operations before the deadline set by New Jersey gaming regulators, which denotes that it has named PokerStars as its Internet gaming provider. Still, the partnership deal between PokerStars and Resorts is still subject to evaluation and approval of the NJ regulators.
About PokerStar’s New Casino Partner
Resorts Casino Hotel enjoys the reputation of being the first to bring casino gaming in New Jersey’s gambling Mecca in May 26, 1978. Although the company initially achieved overwhelming financial success, most of its history is a series of financial turmoil, changes of ownership and legal battles. There was also an instance when the company paid fines amounting to $225,000, for freely extending gambling credits to its casino patrons. The casino-hotel’s gaming monopoly in Atlantic City ended in 1979, as other Nevada casino giants started bringing their business to NJ’s gambling capital.
In 2011, the current owners, DGMB, LLC, reinvented Resorts’ reputation as the first casino-based gay nightclub in Atlantic City. Nine months later, the gambling establishment made significant improvements in its ability to generate profits.