PokerStars Given Green Light To Operate In New Jersey
It has taken longer than expected but the return of PokerStars to the U.S. market has finally happened. The New Jersey Division of Gaming Enforcement has approved Amaya to offer online gaming for both their PokerStars and Full Tilt Poker brands. The re-entry into the U.S. by the world’s largest online poker company was not a given by any standard.
In 2011 PokerStars was shut down by the federal prosecutors with the founder Isai Scheinberg being indicted. Last year’s purchase by Amaya Gaming saw PokerStars get a new public face which was aimed at enabling it to start a new leaf with U.S. officials who are not known for their forgiveness when coming to illegal online gambling.
Amaya shares spiked by 14% on the news as many believe that the approval in the Garden State will be the first step into expanding into other U.S. states like California where the revenues could be huge. The return of PokerStars to New Jersey took much longer than most thought despite CEO’s David Baazov remaining confident that their license approval would be forthcoming. The battle for states like California will now be made much easier for PokerStars as the bad-actor clause will be softened by their newly acquired status in the U.S.