Poll results: PokerStars should look for another acquisition in AC
More than one third of respondents expect operator to pursue other opportunities in New Jersey after collapse of Atlantic Club deal
PokerStars should stay true to its pledge to remain “committed to New Jersey” by looking at opportunities away from the Atlantic Club, according to the results of this week’s eGaming Review poll.
More than one third of respondents (34%) believe the operator will look to take over another property in the state after a New Jersey court cancelled its agreement to acquire the struggling Atlantic City casino.
Atlantic Club owner Colony Capital had seen its restraining order challenged by Stars’ parent company Rational Group before judge Raymond Batten upheld Colony Capital’s appeal against Stars’ injunction blocking the investment group from seeking another buyer for the Atlantic City casino.
However, 21% of readers believe a more considered approach, partnering with a different land-based operator rather than acquiring a business, would be an easier way to enter the market.
Despite its first attempt to buy out the Atlantic Club failing, 17% predict that the Isle of Man licensee will renew its efforts to acquire the venue, perhaps returning with a higher offer.
Rational Group has already invested US$11m in the venue and could be tempted to continue its pursuit, however there may remain alternative options within Atlantic City which would still allow PokerStars to gain an entry point into the regulated US egaming space via the New Jersey market.
The remaining 28%, however, believe now is the time for PokerStars to turn its attentions elsewhere entirely. While Nevada’s ‘bad actor’ clause may rule out the Silver State as an option, other US jurisdictions such as California are making regulatory progress, while Stars may also prefer to build on its market-leading position outside the States.