PokerStars, the giant online poker room, in partnership with Resorts Casino Hotel, plans to construct a new poker room worth $10 million. William J. Pascrell, spokesperson for PokerStars, said that the company will start building the poker room as soon as it gets a New Jersey license. Resorts Casino hopes that the new poker room will attract online poker players and encourage them to take part in live poker tournaments. The land-based casino has not offered live poker since 2010.
Pascrell said: “PokerStars is committed to investing significant resources to put in a brand new poker room at Resorts Casino Hotel. In addition to the poker room, they are committed to driving traffic to Atlantic City through their marketing.”
PokerStars new poker room is expected generate hundreds of job opportunities. As soon as PokerStars gets a license from New Jersey regulators, it will hire as many as 50 people to install the required system to start an online gambling business in Atlantic City.
PokerStars also wants to build an online poker gaming headquarters in North America and base it in New Jersey. If PokerStars is successful, 150 more job opportunities will be created by Q2 of the fiscal year 2014. More job opportunities can be created if PokerStars online gambling business in New Jersey turns out to be successful and US states start signing interstate online gambling compacts to merge player pools and increase liquidity.
New Jersey is all set to launch its first online gambling products on Nov. 26. So far, New Jersey, Delaware, and Nevada are the only US states that have legalized online gambling.
PokerStars is not the only global online gambling company seeking to grab a share of the New Jersey market. Offshore gambling companies are required to first partner with land-based companies in Atlantic City to get a license in New Jersey. Initially, it appeared as if PokerStars will have a tough time getting a license in New Jersey because of its legal problems with the federal government. The company had to sign a $731 million settlement deal with the US government, in exchange for which the company did not plead guilty to any offence and was permitted to re-enter the US as soon as its states regulated and licensed online poker.
Resorts Casino CEO Mark Giannantonio has refused to issue any statement on PokerStars’ plans for the future as the company is yet to get the required license.