The Battle For Online Poker Between PokerStars And Caesars Entertainment Goes To New Jersey

Posted: March 8, 2013 in sports betting articles

http://www.forbes.com/sites/nathanvardi/2013/03/05/the-battle-for-online-poker-between-pokerstars-and-caesars-entertainment-goes-to-new-jersey/?goback=%2Egde_3295385_member_220664610

 

Nathan Vardi, Forbes Staff

In February, a senior executive of Caesars Entertainment Corp. contacted a high-level PokerStars executive and proposed a potential deal, putting Caesars’ Rio casino inLas Vegas and the World Series of Poker brand on the table, according to sources familiar with PokerStars.

“Caesars Entertainment approached PokerStars and offered to sell us certain assets, such as the Rio Casino in Las Vegas. Caesars suggested that this acquisition would give us a better relationship with Caesars and would help PokerStars gain a license in Nevada,” said Eric Hollreiser, a PokerStars spokesperson, in a statement. “PokerStars declined the offer because we had no plans to acquire another casino in the near term.”

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