Canada Responsible For PokerStars Going Back To New Jersey

Canada’s Amaya Gaming made a huge bet on the online poker market by buying the rights to PokerStars and Full Tilt Poker.  The purchase increased the Canadian online gambling provider’s reputation on the global map, and the new managers bet they can repair the reputation of the online poker rooms in certain markets – particularly in the US.

Online poker is a popular pastime in Canada, but it was strictly prohibited across the US ever since the Black Friday crackdown in 2011.  Certain states like New Jersey authorized legal online poker within their borders, and opened the door to overseas based poker rooms – provided they partnered with a casino based in Atlantic City, the gambling capital of New Jersey.

PokerStars was one of the operators that eagerly requested a New Jersey gambling license, but state regulators refused to grant the license.  The decision was based largely on PokerStars’ continued relationship with founder Isai Scheinberg, who remains a fugitive from the US Justice Department.

When Amaya purchased PokerStars, one of the terms of the deal is that all previous owners of the site sever their ties with the new company.  This means that Scheinberg is no longer connected to the PokerStars network, which satisfies the most glaring roadblock in the online poker site’s bid to reenter the US market.

Ray Lesniak is a senator in New Jersey, who is one of the biggest supporters of online poker within the state.  Lesniak dropped hints about PokerStars’ bid to reenter New Jersey, stating that supporters should expect an announcement “within weeks, not months.” The senator says that having the world’s largest online poker room in New Jersey will be a huge boon for the economy.

“PokerStars is going to make a huge investment in Atlantic City, not just in internet gaming but in their brand and in bringing attractions to Atlantic City.”

If PokerStars successfully reenters New Jersey, Canada’s Amaya Gaming can safely say they made the right bet going all in with buying the domain.