New Jersey betting, Poker Stars, iGaming industry report

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SBR analyst Natalie Rydstrom covers this week's iGaming industry news. Topics covered in this week's report include more news surounding Poker Stars potential acquisition of Full Tillt Poker, Perform Groups' launch of sports channels on Facebook, as well as a US gaming regulatory update from the state of New Jersey.

This week, we follow one poker giants attempt at global domination, plus, now there is a new way to catch all your favourite sports and finally, New Jersey steps it up a gear in the US race for online gaming.

Hi, im Natalie Rydstrom with this weeks IGaming News reporting for First, a company who seems to be dominating the press lately is Poker Stars — the online poker giant who recently made headlines for their potential acquisition of defunct organisation Full Tilt Poker’s player database and source code.

Addressing the leaked details and information circulating the internet regarding Poker Stars’ potential acquisition of Full Tilt Poker was Corporate Head of Communications Eric Hollreiser, who had this to say:

 “We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address thePokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. Assoon as we have information to share publicly we will do so.” Poker Stars, meanwhile, is continuing its global dominance over the online poker market as it has recently added a mobile application for French customers. We will keep you up to date on this story.

In other news, Live streaming provider Perform Group has announced their plans to launch 50 dedicated live sports streaming channels on the social network site, Facebook, including one-off box office events for selected sports such as boxing. Perform joint-CEO Oliver Slipper said:

“This is an exciting integration. We believe that making available through Facebook presents a great opportunity to build our subscriber business and increase our VOD audience.”

And finally, Two new Jersey Politian’s, Congressmen Frank Pallone Jr and Frank Lobiondo, have sent a letter to the US House of Representatives urgings its members to support two bills that would overturn the 1992 “federal prohibition” of sports betting in all states minus Nevada, Oregon, Delaware, and Montana.

The letter stated: “We ask that you join in our efforts to bring sports betting to New Jersey by cosponsoring both bills. Your support of these two pieces of legislation is an important part of our continued efforts to giving New Jersey an excellent opportunity with tremendous economic benefits that has been supported by the people of the state,”

This news marks yet another step in the right direction following Senator Raymond Lesniak’s online gaming bill which passed out of committee by an overwhelming majority this March and will now move to a full floor vote in the Senate in the next few months. More from me on this story as it unfolds Thank you for tuning in, I’ve been your host, Natalie rydstrom, reporting for the one and only

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