PGCB Grants PokerStars an iGaming License
PokerStars, the highly popular online gaming brand run by Canada’s own The Stars Group, is reportedly taking its first steps back into the US’s online poker market thanks to a ground-breaking new deal.
The successful company’s license application was recently approved to supply online gaming services in the American state of Pennsylvania, thanks to the local Pennsylvania Gaming Control Board (also known as the PGCB).
The Stars Group, which was formerly known as Amaya until it chose to leave behind its troubled history and embrace its strongest brands with a change of name, was one of two applicants that eventually received approval to enter Pennsylvania’s iGaming sphere. The other operator to be granted authorization was Mohegan Sun Pocono for their range of digital table games and slot machines.
BetStars Platform Coming Soon
PokerStars has teamed up with Mount Airy Casino, a land-based venue in the state that they have just entered, in a deal that was first revealed in August last year. Although neither party has applied for a sports betting license just yet, TSG is reportedly planning to incorporate its BetStars platform in the state’s offerings at an appropriate interval.
Pennsylvania is the second US state that the Canadian company has re-entered following the catastrophic Black Friday saga in April of 2011. The firm has also been supplying its range of premium gambling products to the New Jersey market since 2016.
Moreover, the company recently revealed yet another exciting deal in a press release, this time with land-based gaming company Eldorado Resorts. Eldorado, which operates no less than 28 casinos in 12 local states, has the power to expand TSG’s footprint in North America considerably, making the deal a highly strategic one from both sides.
Pennsylvania Leads the US Market
Mohegan Sun apparently also had the chance to apply for an iPoker license in Pennsylvania, but the company ultimately decided to abandon these plans. Out of the state’s 13 casino venues in total, seven are now approved to offer iPoker services, while only two have yet to apply for any virtual gaming licenses or permits.
While the US’s demand for wagering services seems to fluctuate constantly, Pennsylvania has remained the country’s second-largest gaming market for many years. In 2017 alone, the state’s then 12 land-based establishments earned a total of $3.23 billion in gross gaming revenues, and this year’s figures are set to exceed that figure by quite a sum as well.