..

Wynn Partnership with PokerStars Would be Win-Win for Both Companies

Written by:
C Costigan
Published on:
Mar/25/2011
PokerStars Wynn

The Vegas marriages are starting to heat up, only they’re not taking place in tiny little chapels with would be ministers.

Casino giant Wynn Resorts announced Thursday its newly formed alliance with online poker’s biggest firm, PokerStars, following word that the Nevada state regulatory body had approved a similar arrangement between European i-Gaming behemoth 888.com and Caesar’s Entertainment.  PartyPoker and MGM had entered into a similar alliance last year. 

PokerStars is lobbying to pass legislation that would allow for Internet poker companies to operate freely in the US via Nevada.  Other Vegas juggernauts are pushing for federal legislation that would seemingly exclude Gibraltar-based PokerStars, which is currently one of the few Web card rooms that still takes business from the US.

As part of the agreement, the two companies plan to run a site called PokerStarsWynn.com.

“I don’t know if this is up there with Continental merging with United Airlines but a PokerStars-Wynn merger would certainly be massive,” expressed Aaron Goldstein, Business reporter for the Gambling911.com website.   

Nevada Assembly Speaker Richard Perkins, who supports the PokerStars backed measure (AB 258) said: “I see internet gaming as the next extension of how Nevada reinvents itself. This is the growth vehicle for the gaming industry worldwide.”

The bill failed to make any headway during a hearing on Thursday, however.

- Christopher Costigan, Gambling911.com Publisher

Gambling News

WaPo: Not All Shareholders, Execs Have Stomach to Endure Years of Losses From Sportsbooks

Caesars Sportsbook has already cancelled a quarter-billion dollars in preplanned marketing campaigns while other sites may be subject to costly lawsuits.

Sac Bee Calls California Sports Betting Prop Claims of Helping the Homeless "Dodgy"

Sac Bee Calls California Sports Betting Prop Claims of Helping the Homeless "Dodgy"

Sports betting firms and state tribes are spending millions to push two separate sports betting amendments in California, but Ari Plachta of the Sacramento Bee says these advertisements have "ranged from confusing to misleading".

Entain Voted Most Socially Responsible Gambling Company

Entain Voted Most Socially Responsible Gambling Company....After Receiving Record Fine

Try not to laugh.  The £17M fine last month was specifically for "failure to adhere to social responsibility and anti-money laundering (AML) safeguards."

How Much Will Spanky Odds Cost?  Free Until the 2023 Super Bowl

How Much Will Spanky Odds Cost? Free Until the 2023 Super Bowl

"I don’t know when (sometime after the SuperBowl) and how much I’m gonna charge. All I’m focused on is getting better and ultimately becoming the best."

175 Offshore Gambling to be Shut Down in the Philippines

175 Offshore Gambling to be Shut Down in the Philippines

Plus teenagers' exposure to sports betting a risky gamble in Massachusetts as Gaming Commission mulls its options on advertising.

Syndicate