Poker Stars Eyes Pennsylvania iGaming Market

>stars groupParent company of PokerStars online poker room, the Stars Group, has made no secret about the fact that it intends becoming a major player in the newly opened online gambling market in Pennsylvania. Less than three weeks after the Pennsylvania Governor signed in a dramatic new law that significantly expands the state’s gambling landscape, the Stars Group addressed its goals while giving its earnings call last week.

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“We are poised to take advantage of the positive momentum in the growth of online gaming globally and the continued march towards regulation, including in the United States where we aim to be among the first operators to launch in Pennsylvania when that state opens its door to online poker and casino,” wrote the chief executive officer of the Stars Group, Rafi Ashkenazi.

The Stars Group also makes no secret about the fact that it is eyeing other markets beyond Pennsylvania and hopes to play an active role in any state where lawmakers approve a legal and regulated online gambling regime.

The CFO of the group, Brian Kyle said that he was optimistic that Pennsylvania would serve as a catalyst for other states to continue the momentum of igaming regulation in the United States.

Ashkenazi also touched on the possibility in the Q3 earnings report. “With a population almost twice the size of New Jersey, Pennsylvania is poised to become a significant marketplace for iGaming and a potential boost to our US poker business as Pennsylvania is expected to share liquidity with New Jersey and other US states as they regulate,” he said.

When Pennsylvania lawmakers approved the bill, Poker Stars was one of the first on hand to comment on the move. “We applaud the Pennsylvania Legislature for taking decisive action to legalize online gaming,” wrote Eric Hollreiser for the online poker site.

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