Amaya Granted Permission to Operate in NJ Online Gambling Market

It was announced on Wednesday that Amaya Inc. has been given the authority to operate online in New Jersey by the Division of Gaming Enforcement resulting in the upcoming launch of PokerStars and Full Tilt in partnership with local casino Resorts Casino Hotel.

Amaya CEO David Baazov said:

"The DGE's review of PokerStars was extremely thorough and exhaustive, including a detailed review of Amaya's operations and technology, sworn interviews with more than 70 individuals and visits to approximately a half dozen international jurisdictions.”

"This stringent review found PokerStars to be under strong, ethical and trusted ownership and management with Amaya, and worthy of participating in New Jersey's regulated online gaming market."

"Since the acquisition [of Pokerstars' parent The Rational Group], we have consistently delivered on our stated strategy.”

"Today's announcement follows the divesture of our B2B businesses for total gross proceeds of approximately US$524.8 million; the launch of casino games on PokerStars, which we estimate has one of the largest active user bases of any online casino; the refinancing of our long term debt and the reduction of our annual interest expense by approximately US$62 million. We are excited about our new product pipeline and enthusiastic that we will experience growth in existing and emerging markets in the future."

The only question left is how soon the sites will begin operating in the New Jersey market.
  • No avatar medium

    OOPaloo

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    Did the spokesman for the company that now owns pokerstars get quoted in the article saying that pokerstars will offer casino games? Wow! That is a change. I have the feeling that online gambling will spread beyond the State of New Jersey in the USA. There is too much money involved for both business and the government to continue the prohibition they have had over there. I think this is good as it will help the players in the long run in terms of competition and the development of better software. I didn't know the rational group had been absorbed by a larger firm, interesting stuff...I have been on the pokerstars site recently and haven't noticed any casino games there. But that may be due to the license agreement with the Danish Gambling Authority.
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    advoghado

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    Despite having no date for the start of the operation, I think a big step for the poker back to the US. New Jersey can be a start, first with the US players only playing against US players, and then after other states join, everything back to how it was before, without restriction to play with all players of the world.
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    rferry5

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    I still can't believe that are treading on all of our rights to make our own choices that should be up to all of us people to play online if we want i know NJer's and love the fact they can play in the conveyance of their own home. I hate the fact that i can't
  • Jade lcb

    jade

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    This article tells us that things are still going forward in the movement for legal online gambling in the US. I can't believe that all this progress is going to be outlawed sometime in the future. One of our presidential candidates, Chris Christie, is Governor of New Jersey. If the governor of New Jersey thought that online gambling was not going to be successful, (and I think he would have the most accurate information) I don't think that it would be so widespread in his state.

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