\nWayne Parry, Associated Press<\/p>\n
\tATLANTIC CITY, N.J. (AP) \u2013 New Jersey casino regulators have begun their review of a Canadian company that\u2019s buying the PokerStars online gambling website and hoping to get it licensed in Atlantic City by this fall.<\/p>\n
\tThe New Jersey Division of Gaming Enforcement says Amaya Gaming Group has begun submitting documents required for a determination on whether PokerStars can be licensed in New Jersey.<\/p>\n
\tPokerStars is the world\u2019s largest online poker site. Amaya met last week with division officials, who voiced optimism that Amaya could get approval for PokerStars to join New Jersey\u2019s Internet gambling market by this fall.<\/p>\n
\tThe division told The Associated Press on Tuesday that it will review Amaya\u2019s proposed corporate structure for the acquisition, a list of executive and management personnel, and the technical aspects of the PokerStars platform to make sure it meets regulatory standards.<\/p>\n
\tPokerStars tried twice last year to get licensed in New Jersey. But the division suspended the company for up to two years, citing legal problems involving some company executives, including an unresolved indictment against its founder.<\/p>\n
\tExecutives who were involved in PokerStars\u2019 acceptance of bets in the United States after the Justice Department banned online gambling in 2006 will step down as part of the sale to Amaya.<\/p>\n
\tThe website, which stopped doing business in the U.S. in 2011, paid a $547 million fine to the Justice Department, but didn\u2019t admit wrongdoing.<\/p>\n
\tPokerStars tried to buy the Atlantic Club Casino in Atlantic City but that deal fell apart and the casino shut down in January.<\/p>\n
\tPokerStars then partnered with Resorts Casino Hotel, which has been unable to offer Internet gambling while PokerStars was under suspension in New Jersey. Resorts announced partnerships last week with two European firms to complement PokerStars and FullTilt Poker, and plans to have all four offerings up and running by this fall.<\/p>\n
Posted by:<\/strong> CC Roller on June 26, 2014, 3:12 am<\/p>\n \tCC Roller<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) \u2013 New Jersey casino regulators have begun their review of a Canadian company that\u2019s buying the PokerStars online gambling website and hoping to get it licensed in Atlantic City by this fall….<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7550","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7550"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7550\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}