Well the New Jersey online poker market just got a little smaller. Betfair announced that their iPoker room shut down on December 1st, marking an end for the state’s least-successful poker site. The company will continue to offer online casino games to New Jersey residents, however, their poker page is already off the website. Furthermore, […]
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Owned by California’s Pala Band of Mission Indians, Pala Interactive recently made their debut in the New Jersey online gaming market. There’s skepticism surrounding Pala’s ability to compete with better-established brands like WSOP.com and the Party Borgata network. But there’s also some optimism that they can carve a niche for themselves in New Jersey, given that Pala has an experienced iGaming CEO in Jim Ryan. One other possible benefit that they might have going for them – Phil Ivey.
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It’s hard to see many positives from the closure of Ultimate Poker. After all, UP was the first-ever legal poker site to open in the United States. And some think that Ultimate’s failure could give Sheldon Adelson a little more ammunition in his anti-online gaming campaign. But as we’ll explain, there is one great thing to come out of UP’s shutdown, and it has to do with charity.
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If we’re to base New Jersey iGaming success off of Gov. Chris Christie’s lofty prediction of $1 billion, Year One was quite underwhelming. The state’s six online gaming sites (five now) brought in $111 million in revenue, which is a number that many think could stand to improve. And one big potential improvement would be an interstate or international online poker pact.
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