Deal finalized between PokerStars and Resorts Casino Hotel
Pokerstars Makes Strides in US Bank with Resorts Casino Hotel Deal
After facing challenges in the US bank following the 2011 online poker crackdown known as Black Friday, Pokerstars has taken a significant step towards establishing a legitimate foothold in the US bank with its latest deal to purchase the Resorts Casino Hotel.
The deal, announced earlier this year, is still pending approval from New Jersey's state regulators. If approved, the Resorts Casino Hotel will offer online gaming via Pokerstars, marking a significant milestone in the company's recovery and expansion in the US bank.
Pokerstars' troubles in the US bank began after Black Friday, when the US Department of Justice indicted the company for charges of fraud and money laundering. However, in 2012, Pokerstars reached a settlement with the US Department of Justice to resolve all charges, marking a turning point in the company's history.
The company's efforts to establish a presence in the US bank have not been without setbacks. In 2013, Pokerstars attempted to buy the Atlantic Club Casino Hotel in New Jersey, but the deal fell through due to opposition by the American Gaming Association.
Despite this setback, Pokerstars has since regained its position within the industry and is now poised for growth in the US bank. The US DOJ's approval of Pokerstars' settlement marks another significant milestone in the company's recovery and expansion.
The acquisition of the Resorts Casino Hotel by Pokerstars is a significant step in the company's efforts to establish a presence in the US bank. If approved, the deal will allow Pokerstars to offer online gaming to a wider audience and further solidify its position in the US bank.
As the company continues to navigate the complex regulatory landscape of the US bank, it remains to be seen how successful Pokerstars will be in its efforts to expand in the US bank. However, with the approval of the New Jersey Division of Gaming Enforcement and the pending approval from New Jersey's state regulators, Pokerstars appears to be well on its way to achieving its goals.
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