They reportedly paid about $30 million for the casino.
“We drive traffic from our online tournaments to our major casino partners around the world. This drives a poker tourism business in cities such as London, Monte Carlo, Barcelona, (and) Rio,” he said. You have this huge bubble of younger people who have never gone to a casino or intend to go to one, but spend half their waking life on smartphones or computers, playing games, social networking. “We are the world’s largest online poker company and one of the largest producers of live poker tournaments in the world, which we produce in many of the world’s best known casinos.”
Pokerstars, part of the online gambling corporation Rational Group, based in the U.K., struck a deal earlier this year to buy the Atlantic Club, an 800-room hotel and casino on the Atlantic City boardwalk, according to paperwork filed with the state’s division of gaming enforcement.
Hollreiser said that the proposed business model would help drive online gamers into casinos for live tournaments, and remind casino-goers to log on and game at home until their next visit.
The development could send waves through the gaming industry.
Because states are requiring online gamers to have a casino in the state, companies on both sides of the issue are rushing to take advantage of business opportunities. 26 allowing online gambling for residents as long as the games were hosted by in-state casinos located in Atlantic City.
“In a nutshell, the future of gaming will require a mix of online and offline expertise,” Eric Hollreiser, spokesman for Pokerstars, told ABCNews.com in an email. Similar bills have also been introduced in Pennsylvania and Illinois.
A move by the online gaming giant Pokerstars to buy an Atlantic City casino could signal a gold rush for the gambling industry, according to industry watchers.
The move came after New Jersey Gov. residents, wants to legally operate its website and the casino, according to its owners. “The casino-going population is older. Chris Christie signed a law Feb. If it goes through, it could represent the first time a gaming website has transformed into owning and operating a hotel and casino.
The company, which was previously indicted by the Department of Justice for offering online gambling to U.S. So how does the gaming industry respond?” said Joe Brennan, director of the Interactive Media Entertainment and Gaming Association (iMega), who has studied the effects of disruption on the gaming industry.
Pokerstars is awaiting approval from the Division of Gaming Enforcement and the state’s Casino Control Commission. Casinos are partnering with online gamers or developing their own web games, while online poker giants are rushing to find real estate in states where casinos are legal, Brennan said.. “The traffic runs both ways as we introduce new audiences to poker in these live tournaments.”
Online companies are expected to be scrambling for land and casinos in states like Nevada, New Jersey, and Delaware, which recently passed laws allowing online gambling if it is affiliated with in-state casinos
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