A panel of Wall Street analysts presented their view to the investment community at the East Coast Gaming Congress that Internet gambling could be a solution to the Atlantic City seven-year losing streak. The Wall Street experts suggested that Internet gambling in the state...
A recent study, conducted by the New York-based research company AlixPartners, has found the fears in the land gambling sector that getting into online gambling could jeopardize the brick-and-mortar business ungrounded. As Mike Sinoway, managing director at AlixPartners and leader of the firm's Gaming Practice said, "We analyzed several dozen va...
An announcement came this week that Malta's first terrestrial casino established in 1964 will go online thanks to a deal between EveryMatrix and Dragonara Interactive, a subsidiary of Dragonara Gaming Limited which is owned by Pinnacle Gaming Group. Namely, according t...
An announcement came this week from South African listed hotel and gaming group Sun International regarding its proposal to acquire online fixed-odds sports betting operator Powerbet Gaming (PBG), which owns and operates Voltbet (.com). According to the group, online sports...
A temporary restraining order has been awarded to Pokerstars parent The Rational Group which prevents Atlantic Club owners Colony Capital LLC from entering into any acquisition deals on the casino for the next two weeks. Namely, in the latest development i...
Following the Wednesday news that the purchase deal between the UK parent company of PokerStars and Atlantic Club collapsed due to the deadline expiry, the former company confirmed that it still wants to buy an Atlantic City casino. According to the Associated Press news agency, The Rational Group representative said late Thursday that the compa...
After delays in the licensing process, the acquisition of Atlantic Club Casino in New Jersey by Pokerstars parent The Rational Group has been put on a hold. The Wall Street Journal reports that the agreement between Rational and Atlantic Club Casino parent group Colony Capital LLC inked January this year provisioned that Rational should obtain a...
An announcement came this week from executives from the Borgata land casino in Atlantic City and its parent group, Boyd Gaming that they are ready to enter the legalized online gambling market in New Jersey as soon as regulations have been finalised and preparations completed. Reportedly, they believe the new business opportunities will compleme...
Although the American Gaming Association's petition against the Atlantic Club land casino acquisition by Pokerstars parent The Rational Group was originally on the agenda for the New Jersey Casino Control Commission's next meeting, scheduled for Wednesday March 13, it was removed prior to it. As New Jersey Regulator's chairman Matthew Levinson h...
In a fifteen-page letter, PokerStars parent company The Rational Group has appealed to the New Jersey Division of Gaming Enforcement (DGE) to reject the American Gaming Association's (AGA) formal opposition against its acquisition of The Atlantic Club casino, thus officially referring to the claims expressed in the AGA’s petition. In its l...
This week Sen. Terry Link, a Waukegan Democrat, filed legislation titled SB1739 in the Senate Executive Committee in order to expand gambling in Illinois, despite prior reservations expressed by Gov. Pat Quinn who has history of vetoing gambling expansion plans and who urged lawmakers to close the door on political contributions from gambling compa...
This week, the recently re-vamped Hippodrome Casino introduced the Pokerstars LIVE integrated poker room into its offering. The new 12-table, up market poker lounge will operate 24...
Last month a senior executive of Caesars Entertainment Corp. reached out to a PokerStars executive with a proposition which included Caesars’ Rio casino in Las Vegas and the World Series of Poker brand. “Caesars Entertainment approached PokerStars and offered to sell us certain assets, such as the Rio Casino in Las Vegas. Caesars sug...
The latest system developed by eConnect will put card counters into a very difficult position, as the new software dubbed Blackjack Countdown serves to monitor tables and identify culprits. eConnect described the product as a "...system [that] analyzes the cards coming out of the deck to understand when the advantage players are likely to bet la...
Despite the fact that it has repealed its liberal online gambling ac, the German province of Schleswig Holstein has issued yet another online casino license, this time to a major Ger...
The latest land-based operator to integrate Sheriff Gaming's 3D games into its offering is Gala Coral, which has closed a supply agreement wit...
New Jersey gambling industry was full of hopes that the last year's launch of the new Revel land casino would revitalize Atlantic City ailing land gambling industry. Alas, this week the operation announced that it has applied for Chapter 11 bankruptcy, late March this year. The voluntary move is designed to wipe away about two-thirds of Revel's...
Latest nationwide survey in the USA done by AlixPartners, a business advisory firm, finds that 35 percent of active land gamblers would wager online if it were legal. The AlixPartners study provides an in-depth evaluation of the underlying factors, across all gaming sectors which influence key gaming-activity decisions, including accessibility, win...
This week’s decision of New Jersey Governor Chris Christie to put a conditional veto to an online gambling legalization bill, has received an appraisal from online poker giant PokerStars, whose Rational Group parent is currently involved in getting permission from the New Jersey authorities to acquire the Atlantic Club land casino. In its...
Atlantic Club land casino chief operating officer Michael Frawley, who came up with the idea of an online - land convergence through a proposed acquisition by Pokerstars parent Rational Group in the last quarter of 2012 revealed that their agreement will see significant investment in the struggling Atlantic City casino. The proposed acquisition...
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