In late 2013, online poker giant PokerStars was set to enter into the New Jersey online gaming market but suddenly had their license application suspended by the Division of Gaming Enforcement of the state. The suspension was set for two years or until circumstances were to change, which is what has now happened with Amaya Gaming acquiring the Rational Group.
With the acquisition, Amaya Gaming will be taking over Full Tilt Poker and PokerStars, setting the sites up to enter into the United States regulated gambling market. Pokerfuse was issued a statement by the Director of the Division of Gaming Enforcement, David Rebuck, which stated that the Division is aware of the new Amaya/Rational Group deal and that ‘regulatory integrity is always paramount to the Division’. The aspects of the acquisition by Amaya would be reviewed to ensure the compliance with the high regulatory standards of the division.
Rebuck also stated that the group was encouraged by the new development and that the expanded opportunities that the new deal may provide for the internet gaming industry in New Jersey. The Amaya group has a license in the state of New Jersey currently; the new deal may quickly see the two sites enter into the state.
One of the main explanations given for the license application suspension from the DGE to PokerStars was the fact that Isai Scheinberg, the founder of PokerStars, was still associated with the company. Scheinberg has since left the company and with the new deal, this should help the process along for PokerStars to enter into the state of New Jersey.
This new deal has certainly had people in the industry talking and it will be interesting to see what will happen next as Amaya Gaming takes over at Rational Group with PokerStars and Full Tilt Poker.
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