Star Tribune – A Canadian company buying the PokerStars website will begin licensing talks with New Jersey casino regulators aimed toward letting the world’s largest Internet poker room operate legally within the state, the state’s top casino regulator said.
The state Division of Gaming Enforcement will begin the talks Thursday with Amaya Gaming Group, that's buying PokerStars and entire Tilt Poker for $4.9 billion, division director David Rebuck told The Associated Press.
Most importantly, the sale involves PokerStars executives charged with fraud and money laundering resigning from the corporate. That will seem to clear the way in which for PokerStars to go into the brand new Jersey market, something it had tried twice to do before the state suspended it for as much as two years, citing the unresolved indictments against the executives.
“We’ve had discussions with Amaya to reactivate the application, and we plan to start discussions with them tomorrow,” Rebuck told the AP on Wednesday. “We’ll have a look at whatever they create over.”
He said he was “encouraged” by the sale and the licensing talks.
“I think ultimately it will likely be an excellent story for brand spanking new Jersey,” he said. “I’m optimistic that they know what the principles are, and that i fully expect them to be very aggressive because they would like to be here.”
Internet gambling has hit a wall in New jersey after just six months. The Atlantic City casinos’ online operations posted revenue declines for the past two months.
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