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IS There Hope For Pokerstars in New Jersey
Wednesday April 2,2014 : HOPE FOR POKERSTARS IN NEW JERSEY
Influential state senator says that online poker giant has paid its dues and should not be excluded.
With talk of "bad actor" exclusions seemingly a top trend among online gambling supporters and enemies this week, an influential New Jersey state senator entered the fray by observing that although the decision rested with the state regulator, foreign applicant Pokerstars should not be excluded from being approved to operate in the Garden State's new intrastate online gambling market.
Sen. Ray Lesniak, a staunch proponent of legalised and regulated online gambling in his state, said that Pokerstars had paid substantial penalties in respect of its post-UIGEA activities in the United States, and should therefore not be excluded from entering the state's nascent online gambling market.
“We believe in competition,” the senator said, addressing an online gambling conference last week.
InfoPowa readers will recall that Pokerstars has been knocking on the New Jersey regulated internet poker door for the past two years, and has been in two sets of Atlantic City casino partnership negotiations to support its application for licensing in the state.
New Jersey's regulators require that online gambling operations be based in licensed Atlantic City land casinos.
So far the Isle of Man online poker giant has been held at bay by bodies and companies that clearly fear its competitive impact, and the New Jersey Division of Gaming Enforcement has suspended a decision on its licence application for 2 years whilst the online poker company develops a corporate management structure more acceptable to the regulator.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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