Saturday, March 7, 2015

PALA Interactive Gaming: A Failure to Launch? And NJ A Failure in Vetting?

The Website has the story of Pala's failure to launch their new online poker site. A bit nervous that POKERSTARS is coming into the market?  
Despite being ready to launch, the online poker site to be launched in New Jersey by Pala Interactive has been postponed. The company decided to wait for the launch as PokerStars is expected to enter the New Jersey online poker market very soon.
Back in November, the company launched an online casino gaming product in partnership with the Borgata Hotel Casino & Spa of Atlantic City.  Pala is delaying the launch as PokerStars is expected to enter the marketplace. Pala was not expecting to take the largest share of the online poker market but with PokerStars in the mix, the potential for liquidity could be quite low. Ryan spoke out about how they have seen liquidity as a challenge, especially considering one network for online poker has already left the market, Ultimate Poker.
The CEO feels as though their online casino gaming product will be fine but poker tends to be more of a challenge, especially if you consider the site would launch at the same time as PokerStars. PokerStars was expected to be launched by now but the approval to launch has not taken place by the New Jersey Division of Gaming Enforcement. New Jersey State Senator Ray Lesniak has stated in the past that Christie put a stop to PokerStars entering the online poker industry of the state, though Christie denies these allegations.
Pala disenrolled 162 members
Pala Disenrolls families
Pala disenrollments led to hardship
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