Internet poker giant PokerStars has announced that it plans to invest $10 million to help build a poker room at Resorts Casino Hotel in Atlantic City as soon as it is awarded a New Jersey online gambling license.
The announcement was made by William J. Pascrell, who serves as a Company Spokesman for Resorts Casino Hotel. During an interview with The Press of Atlantic City he said, “As soon as the license is in hand, they’re ready to start building. 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."
The poker room is expected to drive traffic to Atlantic City as big live poker tournaments will be held in the room. The tournaments will then stir interest in PokerStars' online poker traffic.
The investment by PokerStars in Resorts Casino Hotel is expected to generate hundreds of jobs in the Atlantic City area, creating more than 350 positions by the end of 2014.
PokerStars is free to operate in the United States after it settled its legal cases with the federal government following the Black Friday indictments in 2011. As part of that agreement, PokerStars provided hundreds of millions of dollars in restitution to clear its name and acquire rival poker site Full Tilt Poker. PokerStars is currently licensed to operate in Belgium, Denmark, Estonia, France, Germany, Italy, and Spain.