November 18th Poker news ... Welcome! You have reached the best online forum for poker players. Stick around and chat about everything Texas holdem how to
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BETFAIR STRIKES DEAL WITH GOLDEN NUGGET AC (Update)2014-11-18
Betfair will move its New Jersey online gaming operation to the Golden Nugget Atlantic City after striking a deal with Landry's this week.
Golden Nugget Atlantic City will now offer two online casinos to those eligible to play in New Jersey, GoldenNuggetCasino.com and BetfairCasino.com, both of which will operate independently under Golden Nugget's Internet gaming permit, regulatory approvals permitting.
"We are very excited to move our operations to Golden Nugget Atlantic City, one of the premier resort destinations in New Jersey. With this relationship, Betfair and Golden Nugget are well positioned to accelerate growth in 2015 and beyond," Don Ryan, Senior Vice President of Gaming for Betfair US said.
"We welcome Betfair to the Golden Nugget. The combination of our complementary brands will allow Golden Nugget Atlantic City to cater to an even larger demographic of NJ online players," added Thomas Winter, Vice President of Online Gaming for Landry's Golden Nugget.
BetfairCasino.com hopes to begin operations under the Golden Nugget's Internet gaming permit on Friday, November 21, 2014.
NEW JERSEY OPERATOR TO LAUNCH THREE TIER ONLINE POKER TOURNEY2014-08-18
PartyPoker's New Jersey operation has published the schedule for its much-anticipated Garden State Super Series, promising a guara
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nteed prize pool of at least a million dollars, spread over sixty events in three tier buy-ins that will run from September 7 to September 21.
With buy-ins designed to attract low, medium and bigger spenders, the tournament is catering for all bankrolls, and starting August 18 PartyPoker will be running satellite qualifiers as well.
The buy-in variations will be spread over 20 events, making for sixty competitions in all, with the Main Event featuring buy-ins of $50, $100 and $200, and prize pools of at least $10,000, $20,000 and $75,000.
The highest buy-in - $1,000 - will give players a seat in the High Roller Event, whilst other events will have buy-ins as low as $5.
The full schedule can be found here:
POKERSTARS PARENT LOSES OUT ON ATLANTIC CITY APPEAL (Update)2013-07-02
The Rational Group, parent company of Pokerstars and Full Tilt Poker, has suffered another legal setback in its attempt to establish a foothold in the nascent New Jersey online gambling market by buying troubled land casino the Atlantic Club (see previous InfoPowa reports).
On Monday a New Jersey appeal court rejected the company's appeal against an earlier decision in a lower court that Atlantic Ciub was within its rights to withdraw from an acquisition deal with Rational after the agreement ran out of time due to licensing delays.
By then Rational had handed over $11 million to Atlantic Club owners Colony Capital as a gesture of good faith and to help the casino to survive; the American judges have ruled that Colony is within its rights to keep that money.
In its appeal, the Rational Group claimed the judge in the initial hearings made several errors. It also argued that its $15 million purchase deal should be reinstated, noting it has already given The Atlantic Club $11 million.
Commenting on the successful outcome of the appeal for Atlantic Club, chief operating officer Michael Frawley said the casino was clearly pleased with the result of the litigation.
"Our intentions have, and will continue to be focused on the aggressive pursuit of New Jersey's emerging online gaming opportunities," Frawley said.
Pokerstars-Rational Group had not commented when InfoPowa went to press Tuesday morning.
There has been speculation that Atlantic Club used the licensing delay to pull out of the deal because a more attractive alternative may have developed.
The casino was in financial trouble prior to the Rational deal, which put an acquisition price of $15 million on the table and also involved a commitment by Rational to fund a potential $32 million shortfall in the employee pension account.
Rational also had discussed investing an additional $20 million to $40 million into the property once the deal was completed.
As things stand at present, Atlantic Club has not only succeeded in withdrawing from the agreement, but it is keeping the $11 million handed over so far by Rational Group.
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Check 2015 KY Derby Schedule May 1 and 24 at Sportsbook.com
Odds to Win 2015 Kentucky Derby