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Steve Wynn is big winner with PokerStars deal

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Friday, 25 March 2011 11:22

Wynn PokerstarsSteve Wynn, Las Vegas gaming billionaire and owner of numerous casino resorts has established a strategic partnership with PokerStars.com to help in the push to regulate online poker in the U.S. and to establish his own Poker Site when poker legislation passes. It is likely the poker site would be branded with PokerStars or part of the PokerStars network, exactly how that will shake out will be largely dependent on the final legislation's provisions when it's passed. 

The new site will be called PokerStarsWynn.com and by partnering with the largest and most successful online poker site, Steve Wynn has positioned his brand to be the big winner in the U.S. poker regulation world.  US based casino interests having been racing to position themselves to cash in on the next poker boom to hit when online poker is regulated in the United States, Wynn however has scored what we believe is the knockout punch by partnering with PokerStars.  Caerser's Entertainmen (Harrah's) which owns the WSOP has already signed a deal with gaming giant 888 to lease their poker software and launch a Caeser's poker site in the United Kingdom, however compared to PokerStars, 888 is lacking in many features and most importantly a presense in the US market. Steve Wynn seems to have placed in himself as the number one post-regulation US based poker site operator with this ground breaking deal. 

PokerStars has also helped secure it's future in the U.S. post-regulation essentially guaranteeing itself a place at the table by partnering with one of the most powerful and influenetial U.S. based casino enterprises in the world.  In general this is good news for online poker players as it helps ensure that PokerStars will be a part of the regulated poker site regime in the United States.