https://www.playnj.com/news/pokersta...ampaign=bufferThe biggest online poker operator in the world was approved for an online gaming license in New Jersey, bringing a close to a process that was more than three years in the making.
PokerStars, which hasn’t served the United States market since April 2011 (Black Friday for online poker), is able to offer online poker in the state immediately.
Wonder if it will just gobble up all of the traffic (what little there is) in the state
I'm sure Pokerstars knew this would happen and has the location detection technology already implemented for the state client so they shouldn't take too long to launch.
woooooooooooooooooooooo
Deceeeeeent
I hate monopolies, fuck poker stars...
This thread should be in the flying stupidity page
Originally Posted by jacosta24
I just hope they don't run any live events in Jersey. They are terrible at that.
Otherwise it should be an improvement, but software-wise and customer service wise.
I bet WSOP.com will become a ghost town soon enough.
When they first came to a deal with Resorts (shortly after the deal with Atlantic Club fell apart) I think part of the agreement, was putting a $10m poker room in.
It will definitely be interesting if they do, probably the only way Borgata could ever get any real competition.
NJDGE also just released a 90 page "Investigation of Amaya Inc.’s Acquisition of the Assets of Oldford Group Limited and Pyr Software Limited d/b/a PokerStars and FullTilt"
http://www.nj.gov/oag/ge/2015news/RE...1_redacted.pdf
Conditional Waiver allowing Stars to enter NJ with Resorts.
http://www.onlinepokerreport.com/wp-...a-TW-order.pdf
Some interesting conditions
- Before they launch, they get to hand over any unclaimed funds in NJ player accounts (from before BF)
- They have to fire 4 employees (who?) before Jan 30th who "failed to establish the requisite good character, honesty and integrity required"
- Listed 10 former Stars/FTP higher ups who Amaya can never do business with. Any communications from them must be reported. Surprised Lederer didn't make the list.
Isai Scheinberg, Mark Scheinberg, Pinhas Schapira, Yehuda Nir, Paul Telford, Paul Tate, Nelson Burtnick, Ray Bitar, Rafael Furst
- If they want to enter any new jurisdictions, gotta report to NJDGE first!
http://calvinayre.com/2015/10/10/bus...erstars-execs/FOUR MUST GO
However, the DGE ordered Amaya to “separate from employment on or before January 30, 2016, four individuals identified by the Division as having failed to establish the requisite good character, honesty and integrity required by the [New Jersey Casino Control] Act due to their involvement in the business activities of the PokerStars Entities between the enactment of UIGEA and Black Friday.”
The DGE didn’t identify the four individuals by name, but it did say it had conducted plenary investigations of four senior execs with ties to the previous regime and who remain with Amaya following the Oldford acquisition.
Those four execs are: Michael Hazel, Stars former CFO; Israel Rosenthal, director of operations for the Rational Group and a “long-time friend of the Scheinberg family;” Charles Fabian, former head of games systems development at Full Tilt’s parent Pocket Kings Consulting; and software manager Serge Bourenkov, who began working at Pyr following Black Friday, so he would appear to be in the clear.
Amaya also has to keep the DGE in the loop in case any of the former Stars and Tilt principals attempt to “influence, suggest or communicate with any employee of Amaya” regarding the company’s activities. Additionally, Amaya has to provide the DGE with minutes of all future meetings of its board of directors and compliance and audit committees.
The DGE says it has required other companies to sever ties with or forego hiring “at least 10 senior executives” since the state authorized online gambling in 2013. Sadly, these names also weren’t disclosed.
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