ATLANTIC CITY, New Jersey,
August 2, 2018 /PRNewswire/ --
The Stars Group and Resorts Casino Hotel today announced the
extension of their existing partnership in the New Jersey regulated online gaming market to
include online and mobile sports wagering through the BetStars
brand alongside the already existing online poker and casino
offering available through the PokerStarsNJ brand. The Stars Group
will bring its online and mobile-led betting expertise and
experience as one of the world's largest and most licensed online
betting and gaming companies to the burgeoning U.S. online sports
betting market, while leveraging the company's well recognized
brands, customer trust and loyalty, and established position in
New Jersey's online gaming
market.
The Stars Group intends to utilize its existing and approved
proprietary technology and player account management platform for
its betting offering, providing customers in the state with a
single account, common wallet, various online and mobile depositing
and withdrawal options, and a seamless offering of betting options
along with the company's popular poker and casino products. The
Stars Group intends to draw upon its technology development,
management, marketing, and sports book trading expertise to provide
New Jersey customers with an
innovative, compelling, and robust mobile-led sportsbook. The
company anticipates providing over time, subject to required
regulatory approvals, a wide range of betting products including
in-play wagering, bespoke accumulators, and live streaming, as well
as an ecosystem of free-to-play products and promotions and sports
content, for dozens of sports, including professional and NCAA
football, basketball, and baseball as well as horse racing, hockey,
soccer, tennis and other sporting markets.
"We believe The Stars Group is uniquely qualified with the
experience and insight needed to make sports betting a success in
New Jersey," said Matt Primeaux, SVP Strategy & Operations,
USA at The Stars Group. "We have
successfully launched the BetStars brand in many European regulated
markets and we have invested heavily to create a premier global
offering. Working with our longstanding partner, Resorts, we are
really excited to introduce a brand-new consumer experience by
bringing New Jersey fans closer to
the sports and the teams that they love."
"We're excited to double down on our already successful
partnership with The Stars Group, which owns leading sportsbooks
globally and has always been known and respected for their advanced
technology, superior customer experience and cutting-edge security
safeguards," said Mark Giannantonio,
President and CEO of Resorts Casino Hotel.
The Stars Group currently owns online and mobile sportsbook
operations in the UK, Europe and
Australia, with more than
$800 million in betting revenues
generated by these entities in 2017.
BetStars is the European focused online sports betting brand of
The Stars Group and sits alongside the PokerStars brand, the
world's largest poker brand, and PokerStars Casino, one of the
world's largest and fastest growing online casinos. BetStars holds
nearly a dozen sports betting licenses globally, offering support
in 17 languages and through its online and mobile apps and
platforms offers a wide range of popular and specialist betting
options, promotions, exclusive new products across dozens of
sports, as well as local sports news and content in major
markets.
The Stars Group recently bolstered its sports betting portfolio
through its acquisition of Sky Betting & Gaming, which operates
the Sky Bet brand, a leading mobile-led sportsbook in the
United Kingdom, the world's
largest regulated online gaming market.
The Stars Group also recently successfully completed the
acquisition of CrownBet and William Hill Australia, which combined
form the third largest online sports betting operator in
Australia, the world's second
largest regulated online gaming market.
About The Stars Group
The Stars Group is a provider of technology-based product
offerings in the global gaming and interactive entertainment
industries. Its brands have millions of registered customers
globally and collectively are leaders in online and mobile betting,
poker, casino and other gaming-related offerings. The Stars
Group owns or licenses gaming and related consumer businesses and
brands, including PokerStars, PokerStars Casino, BetStars, Full
Tilt, Sky Bet, Sky Vegas,
Sky Casino, Sky Bingo, and Sky
Poker, as well as live poker tour and event brands, including the
PokerStars Players No Limit Hold'em Championship, European Poker
Tour, PokerStars Caribbean Adventure, Latin American Poker Tour,
Asia Pacific Poker Tour, PokerStars Festival and PokerStars
MEGASTACK. The Stars Group is one of the world's most licensed
online gaming operators with its subsidiaries collectively holding
licenses or approvals in 19 jurisdictions throughout the world,
including in Europe, Australia, and the Americas. The Stars Group's
vision is to become the world's favorite iGaming destination and
its mission is to provide its customers with winning moments.
Cautionary Note Regarding Forward Looking Statements and
Other Information
This news release may contain forward-looking statements and
information within the meaning of applicable securities laws.
Forward-looking statements can, but may not always, be identified
by the use of words such as "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "intend", "could", "might",
"would", "should", "believe", and similar references to future
periods or the negatives of these words and expressions. These
statements are based on management's current expectations and are
subject to a number of risks, uncertainties, and assumptions. There
can be no assurance that actual results will not differ materially
from those expressed or implied in forward-looking statements.
Undue reliance should not be placed on forward-looking statements.
Please refer to The Stars Group's most recent annual information
form and annual and interim financial statements and management's
discussion and analysis for more information about the factors,
assumptions and risks that may apply to The Star's Group's
forward-looking statements. Each forward-looking statement speaks
only as of the date hereof, and The Stars Group undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
About Resorts Casino Hotel
The resort that brought gaming to Atlantic City in 1978, Resorts Casino Hotel, a
Mohegan Gaming & Entertainment Property, is at the top of its
game today, offering world-class casino action in a relaxed
environment that keeps the focus on fun. Resorts Casino Hotel made
history as the first American casino outside of Nevada and recently celebrated a major
milestone - their 40th anniversary. Winner of 20 Casino Player
Magazine 2017 "Best of Gaming Awards," Resorts Casino Hotel has
undergone $100 million in
renovations, including the all new state-of-the-art Resorts
Conference Center, a large $25
million room renovation project and the $35 million Jimmy
Buffett's Margaritaville themed entertainment complex with
the only beach bar, Landshark Bar & Grill, on the Atlantic City sand, open year-round.
Mohegan Gaming & Entertainment assumed management of Resorts
Casino Hotel in 2012, a move that has set the stage for its return
as the most exciting gaming destination in Atlantic City. Boasting a prime location
spanning 11 acres at the northern end of the famed Atlantic City
Boardwalk, the resort features 942 guest rooms and suites in two
hotel towers, an 80,000-square-foot casino, two theaters, 10
restaurants, a food court featuring five eateries, two VIP slot and
table player lounges, a casino bar, indoor-outdoor swimming pool,
health club and spa, salon, and retail shops. Its 64,000 square
feet of technologically advanced meeting space includes 24 meeting
and function rooms, most featuring natural light and ocean views,
and a 13,000-square-foot ballroom.
For media inquiries, please contact:
Eric Hollreiser:
Press@starsgroup.com
For investor relations, please contact:
Tim Foran: Tel: +1 437-371-5730,
ir@starsgroup.com