NJ DGE Already Reviewing PokerStars License Application

The company behind PokerStars and Full Tilt Poker has been sold.

Could PokerStars be licensed in New Jersey even sooner than we expect?

It looks like the New Jersey Division of Gaming Enforcement is trying to get the licensing application completed before the ink on the sale to Amaya Gaming has even dried according to the latest reports.

The talk around the proverbial campfire has the New Jersey Division of Gaming Enforcement in talks with Amaya Gaming regarding the reopening of PokerStars license application, and the latest twist has PokerStars license application now a part of Amaya’s license application according to Chris Grove.

 

 

The sale of PokerStars and 100% of the company’s assets (under the banner of the Oldford Group) is expected to be finalized on or around September 30th. If and when the sale is finalized it appears that PokerStars will launch almost immediately.

The DGE is already testing PokerStars software, and according to poker journalist DiamondFlush, who appeared with me on Rich Muny’s Poker Advocacy podcast this past Monday, PokerStars license application was already 80% (or more) completed when it was suspended last December.

Whether this means PokerStars could potentially receive some type of provisional license prior to the sale being completed seems like a long-shot, considering if the sale falls apart the Scheinbergs et al. would still be in place at PokerStars, which was the reason for the license application being suspended in the first place.

Long-shot? Yes. But stranger things have happened.

PokerStars has the support of New Jersey power players

David Rebuck, the Chairman of the New Jersey Division of Gaming Enforcement, told PokerFuse.com that the DGE is, “… encouraged by this development [the sale of PokerStars to Amaya Gaming] and the expanded opportunities it might provide for New Jersey’s Internet gaming industry.”

State Senator Raymond Lesniak has been one of PokerStars biggest cheerleaders in the state (without actually mentioning them by name), saying back in October, “The biggest and the bestest with the mostest is going to have a presence here in New Jersey.”

Lesniak has also been critical of the current crop of iGaming operators in New Jersey, calling their marketing efforts “amateurish” with a lack of convergence between online and bricks & mortar partners at the 2014 iGaming North America Conference back in March.

 

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