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Amaya Pokerstars Temporary license renewed in New Jersey

Friday April 1,2016 :  AMAYA - POKERSTARS TRANSACTIONAL WAIVER RENEWED IN NEW JERSEY
 
Full Tilt and Pokerstars can continue to operate in the regulated online gambling market for another six months.
 
Amaya management must be breathing a sigh of relief following the news today (Friday) that the New Jersey Division for Gaming Enforcement has renewed the transactional waiver that enables it to operate for a further six months whilst its full licence remains under consideration.
 
In a three week period filled with bad news for the online gambling group which has included the prosecution of CEO David Baazov for insider trading and the filing of a New York class action against the company and its two top executives (see previous InfoPowa reports) it was a welcome bright spot.
 
Amaya announced the renewal in a press statement Friday, revealing that Pokerstars and Full Tilt will continue to operate in New Jersey, where a promising debut was achieved on March 21.
 
Amaya initially received its transactional waiver to operate PokerStars and Full Tilt in New Jersey on Sept. 30, 2015, but this expired at the end of March with the full licence deliberations by the regulator still underway, necessitating the renewal of the waiver for a further six months.
 
The Amaya press statement notes that:
 
"Amaya currently estimates that since its launch, PokerStars New Jersey has contributed to the growth of the New Jersey real money online poker market and has quickly become the market leader in online poker, with players responding positively to the quality of the software, selection of games, and the integrity and security of the platform. The site has also seen promising engagement with its casino offering."
 
Interim Amaya CEO Rafi Ashkenazi commented in the statement:
 
"While it's very early, we're extremely pleased with the initial launch of PokerStars in New Jersey and the positive working relationship that Amaya has with the DGE. I'm very proud of our employees, including those we have hired in New Jersey, who have worked diligently to prepare for the launch of a robust, stable platform backed by great customer service. We hope to continue our early positive momentum in the market as PokerStars NJ continues to roll out additional marketing and promotions."

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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