Wynn Resorts Partners with PokerStars.

Wynn Resorts announced that it has entered into a strategic relationship with PokerStars, an online poker business.

"After much study, we are convinced that the lack of regulation of internet gaming within the US must change. We must recognize that this activity is occurring and that law enforcement does not have the tools to stop it. As a company that has safely conducted gaming in the US for more than 40 years, we believe that the same can be done for poker on the internet," said Stephen Wynn, Chairman and Chief Executive Officer of Wynn, in a release. "Additionally, it is time that the thousands of jobs created by this business and the potentially significant tax dollars come home to the U.S."

Mark Scheinberg, Chairman and Founder of PokerStars, said, "We have long supported the enactment of local regulatory regimes that protect consumers and provide valuable tax revenues and jobs. PokerStars is closely regulated in many European countries and it has been endorsing the adoption of the same approach in the United States for years, with this alliance representing a critical step in that direction. We are excited about the opportunities that partnering with Wynn, a pioneering leader and innovator in gaming, will present for PokerStars in the United States. These opportunities include the rapid ramp-up in hiring of a large number of professionals in this growing global technology and services sector that will benefit from US talent to keep up with global demand."

Wynn Resorts owns and operates Wynn Las Vegas and Encore, and Wynn Macau and Encore at Wynn Macau.

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