The Stars Group to Bring PokerStars, Gaming Services to Pennsylvania
Bettors from the North American state of Pennsylvania can now look forward to playing some hands on PokerStars, arguably the world’s largest online poker room.
This development came after The Stars Group—PokerStars’ parent company—partnered with the state’s Mount Airy Casino Resort.
Through the partnership, The Stars Group will offer Pennsylvanians legal online poker tables, slots, casino games, and sports betting services pending approval from the Pennsylvania Gaming Control Board.
The Stars Group owns some of the biggest brands in the gaming industry, including PokerStars Casino, PokerStars Live, and BetStars, among others.
Matt Primeaux, senior vice president of Strategy and Operations USA at The Stars Group, said:
“We’re excited to take this next step as The Stars Group looks to broaden its presence in the United States. In partnership with Mount Airy Casino Resort, we believe we’re well positioned to capitalize on opportunities in the Commonwealth by bringing our world leading offerings to Pennsylvania players.”
Vincent Jordan, vice president of Marketing and Gaming Operations at Mount Airy Casino Resort, added:
“As one of Pennsylvania’s leaders in entertainment, offering internet sports wagering and gaming and partnering with The Stars Group is the obvious next step for us to continue diversifying our casino offerings. Introducing internet gaming through The Stars Group will provide compelling opportunities for our customers, particularly our younger customers, who are ready to experience the next gaming challenge.”
Just days before the announcement, The Stars Group reported extending its current deal with Resorts Casino Hotel in New Jersey. The gaming company will offer online and mobile sports betting offerings through the PokerStarsNJ online poker and casino channel.
Successful Q2 for The Stars Group
Recently released financial report for the year’s second quarter showed that The Stars Group recorded a consolidated revenue increase of 35 percent compared with that of Q2 2017. In three months ending on June 30, 2018, the gambling company earned US$412 million, a hundred million more than last year’s US$305 million.
More than half of the revenue came from The Stars Group’s poker outlets, while a quarter came from its gaming arms. Furthermore, betting services contributed 20 percent to the revenue. Countries from the European Union made up 55 percent of the revenue for the second quarter, followed by 16 and 15 percent of non-EU European states and Australia, respectively.
Rafi Ashkenazi, The Stars Group CEO, said:
“The Stars Group’s quarterly results reflect both continued organic growth within our International business and the contributions of our Australian acquisitions. The continued emergence of our sports betting and casino offerings and the addition of our 2018 acquisitions have transformed our business and greatly enhanced the foundation and diversity of our consolidated revenue base.”
The Stars Group has also completed acquisitions of different sports betting and online gaming outlets to expand further its market reach. Some of the acquired brands include Australia’s CrownBet, William Hill Australia, and Sky Betting & Gaming.