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United States: PokerStars prepares its comeback
Absent on the U.S. market of online poker for two years, PokerStars is about to make a comeback. In fact, the website iGamingBusiness and Wall Street Journal announced that the online poker giant plans to conquer the U.S. market after the Black Friday. But according to the U.S. law applicable on the license application to operate online poker, PokerStars is doing things in the rules. According to this law, only operators already having a land based casino may apply for an online poker license in the state gaming commission. PokerStars has chosen the State of New Jersey to establish and chose to buy the Atlantic Club Casino, the Atlantic City Hilton for its part will be still operated by Colony Capital. The cost of the transaction is around $ 50 million, but no agreement has been signed yet.
However, if the agreement is to be signed, it means the crossing of a first step for PokerStars because besides the acquisition of a terrestrial casino, the operator must wait for a law amended by the Assembly of New Jersey last week. This bill allows land based casinos having a license in Atlantic City to offer online games which includes poker to residents of the State. The bill also softens the proceedings made on the "bad actor", these operators continued to offer their services to U.S. players after the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006. The bill adoption could be voted by the Congress on December 17 and by the Senate on December 20.
Source: James WILLIAMS
Thursday, 13 December 2012
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