Borgata / MGM Resorts International
Tuesday the Poker world tour and PariMGM Poker announced that this year Borgata Poker Open will take place online. It will only be available to players from New Jersey, through the American network Partypoker.
Even though it is PariMGM Poker mentioned in the announcement, players can access the tournament through any of the three network skins. The other two are Borgata Poker and Partypoker NJ.
The Borgata Online Open Main Event will have a buy-in of $ 3,500 ($ 3,200 + $ 300 tournament fees) and starting at 19-21 Sep It will feature a $ 1 million guaranteed, which is pretty ambitious for NJ online poker even at this buy-in. There will also be side events, starting Sep 12 and also conclude on September 21. However, no details on this are available at this time.
This is the Main Tour’s second online event in the United States. The previous one was called the WPT Online Poker Open and took place last December at the same price.
Vice President of BetMGM Games, Matthieu Sunderland, noted:
“BetMGM has found a great partner in the WPT and are delighted to be working together again to deliver another Main Tour event online in New Jersey. Our last Main Tour event together was a huge success, and we can’t wait to give New Jersey players a share of the $ 1 million prize pool.
The WPT has hosted many other online events for international players over the years. For those, it partners directly with Partypoker. The latter’s parent company, Entain, formed BetMGM as a joint venture with MGM Resorts International, which owns the Borgata as part of its US empire of retail casinos.
Borgata quickly resumes live cash games, not tournaments
Many live poker events have moved online due to COVID. This was especially true last year when live casinos closed. Even now that poker rooms have reopened, however, not everyone is eager to attend crowded tournaments in person.
Already this season, a live stop in the United States – the Best Scrambled Bet in Jacksonville – has been postponed due to a resurgence of the disease.
The Borgata has the largest poker room in New Jersey and was the first to take over after the state’s long shutdown. The first cash games started in October, with protective measures in place.
New Jersey has since lifted the requirement for plastic barriers at tables. Despite this, the casino has not held any tournaments since last summer. ECPT Borgata Summer Poker Open had to be canceled.
WPT will be an important partner for BetMGM Poker
Entain appears to have chosen to make BetMGM its US brand, leaving Partypoker out. Although the latter still exists in New Jersey, it is BetMGM Poker that has spread to Michigan and Pennsylvania. He also started Borgata Poker in Pennsylvania, due to the retail casino’s popularity as a live poker destination for players in the eastern state, with Philadelphia only about an hour away. of Atlantic City.
BetMGM Poker and the other skins are in third place in New Jersey in terms of revenue most months. PokerStars is in second place, but dominates Michigan and Pennsylvania. WSOP.com is the market leader in New Jersey, but has been slower to expand to other states, just starting out in Pennsylvania and lacking a presence in Michigan to date.
The biggest advantage of the WSOP is that it is currently the only multi-state poker network. This should change soon, however, as the Wire law the battle is over. We expect Michigan first and later Pennsylvania to join the traffic sharing pact that currently exists between Nevada, Delaware, and New Jersey.
That said, the WSOP also benefits tremendously from its fame as a brand of live tournaments. By strengthening its connection with the WPT, BetMGM Poker can hope to reap a similar advantage. Mixing up a few line stops for US players in the main tour will help in this regard. Participation in these online events will increase once traffic sharing with other states is also possible.
BetMGM Poker Online Series NJ currently in progress
Even without a schedule available for side events, we can guess what it will look like. Since expanding into new states, BetMGM Poker occasionally hosts special tournament series, directly titled Series online.
It turns out that an episode of this series in New Jersey is currently underway, having started on August 8. It will end this weekend, with a $ 535 buy-in, $ 50,000 guaranteed for the Main Event Sunday August 15.
In the early days of online poker in New Jersey, the Partypoker US Network had a series called the Garden State Super Series. However, once PokerStars hit the scene and the WSOP started sharing traffic with Nevada and Delaware, Partypoker saw its traffic drop. The company ended the series in 2018.
Michigan and Pennsylvania gave BetMGM the chance to start again on the tournament front. His strategy with the Online Series seems to be to focus heavily on mid-stakes. PokerStars and the WSOP tend to have big series with a wide range of buy-ins. However, BetMGM maintains its tight schedules, with 10 or more events, most of which are priced at $ 109 or $ 215. There is usually one low stake event ($ 20) per program, and one high player priced at $ 535 or $ 1,060.
The WPT Online Poker Open in December was similar, but even shorter. There were only five side events in the program, two priced at $ 25, two to $ 215, and one to $ 535.
These were all packed within four days, however. With this September series taking place over nine days, we can expect it to be more like another edition of the series online, with at least one event per day, probably the most in that $ 109 to $ 215.