PokerStars Sets a Date for its Return to the US
Amaya-owned online gaming site and largest poker room in the world, PokerStars, announced its plans to return to the US on March 21, 2016, almost five years after its was forced to cease its operations in the US.
PokerStars was kicked out of the US in April 2011 on a day that became known as Black Friday. The company settled with the US government in 2012 for $731 million and has been trying to re-enter the US market since. Twice in 2013 PokerStars attempted to be awarded a license in New Jersey, but they were suspended for up to two years by the state’s Division of Gaming Enforcement, which cited legal problems involving company executives and an unsettled indictment against the company’s founder.
They also made a bid to acquire Atlantic Club Casino, but the deal fell through and in January, 2014, the casino closed its doors.
“PokerStars is the global leader in online poker and trusted by its customers for its robust and innovative technology, world-class security and game integrity,” announced David Baazov, chairman and chief executive at Amaya. “We are honoured and excited to now bring these experiences to New Jersey.”
PokerStars will be offering a range of poker games, alongside casino table games and pokies games. The games, which will be required to undergo testing by the state regulators before they are launched, will be available through their partnership with Atlantic City’s Resorts Casino Hotel.
There are two poker platforms currently available in New Jersey, Borgata Casino and Caesars’ WSOP. While in 2015, online casinos took $148.9 million from players, up 21.1 percent from the $122.88 million in 2014, poker play dropped. The state took $23.82 million in 2015, a drop of 18.1 percent from the $29.1 million the previous year.
April 16, 2017