PokerStars Fires Back at American Gaming Association and Caesars

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rio all suites hotel and casino las vegasOn Monday, the American Gaming Association (AGA) filed a brief with the state of New Jersey in an attempt to persuade regulators to not allow PokerStars to acquire a casino in Atlantic City in an effort to block the online company’s efforts or regaining entry into the US online poker market. Most of the country’s largest land-based gaming companies are prominent members of the AGA including Caesars Entertainment.

According to Forbes, an executive of Caesars Entertainment offered to sell the World Series of Poker brand and the Rio All-Suite Hotel and Casino in Las Vegas to PokerStars, which declined.

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

When asked about the accuracy of Hollreiser’s quote, a Caesars spokesperson declined to comment.

Caesars Entertainment, formerly known as Harrah’s Entertainment, purchased the World Series of Poker in 2004 for $917 million along with the Binion’s Horseshoe Hotel and Casino. The company sold the casino property, the original home of the WSOP, which is located on the Old Vegas Strip, and retained the WSOP Brand. Harrahs moved the WSOP to the Rio All-Suite Hotel and Casino in 2006, also owned by the company and purchased in 1999 for $888 million.

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