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SPECIAL REPORT: Business owners all in on legal poker clubs

"One of the big things that the state of Texas says is it has to be in a private membership area. You can't just have it out in the open, open to the public. Anybody that comes here has to be a member." El Paso Player's Club, along with El Paso Card House and House of Kings, all operate under a similar model. Players must pay a monthly membership fee. The businesses provide a place for people to play. But, the clubs do not take a portion of the money.  “The house isn’t favored.

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New Jersey's Online Poker Operators Holding About $14M In Player Money In Segregated Bank Accounts

Home : Poker News : New Jersey's Online Poker Operators Holding About $14M In Player Money In Segregated Bank Accounts New Jersey's Online Poker Operators Holding About $14M In Player Money In Segregated Bank Accounts Player Money Safe Under Regulated Landscape by Brian Pempus  |  Published: Aug 23, 2018 |   It was only about seven years ago when the poker community became aware of the perils of online poker platforms not holding bankrolls in segregated company bank accounts. These days in New Jersey’s regulated landscape, online poker players are better protected. According to financial reports made public this week by the New Jersey Division of Gaming Enforcement, the state’s three online poker operators collectively have about $14.5 million worth of patron deposits in separate accounts. In the Borgata’s 19-page quarterly financial report, the casino said that it held about $5.1 million in online gambling player money as of June 30. “We maintain separate New Jersey bank accounts to primarily ensure the security of funds held in patrons’ internet gaming accounts,” the MGM Resorts-owned casino said in its report. Caesars Interactive Entertainment, owner of the famed WSOP brand, said it held about $5.4 million worth of player money in the Garden State. Resorts Digital, PokerStars’ internet gaming partner, said it had about $4 million in online casino deposits. Through June, Borgata had $25.7 million in internet gaming revenue; Caesars had $21.8 million; and Resorts had $22.5 million, according to state figures. The Golden Nugget, which doesn’t offer online poker but is the state’s largest online casino in terms of revenue, said it held about $1.6 million. The Golden Nugget had $48.9 million in internet gaming revenue through June. Tropicana, which had $20.5 million in internet gaming revenue, held about $500,000 in deposits at the end of June.

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