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POKERSTARS COULD JOIN NEW JERSEY ONLINE POKER SPACE BY OCT 2015

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vixen777

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That’s the latest wet finger in the air forecast – gleaned from OnlinePokerReport.com scribe Chris Grove – quoting SVP Equity Analyst Chad Benyon, saying he believed that
‘A NJ license could be a major catalyst” for the company “in the next 20 days.” His comments were made in a note following a meeting containing the likes of
Amaya CEO David Baazov and Interim Rational Group CEO Michael Hazel.

If this forecast comes true then it will be in line with New Jersey Division of Gaming Enforcement (NJDGE) initial estimate offered after they suspended their review of
Stars license bid in the Winter of 2013.

A statement released by the NJDGE read: “The Division of Gaming Enforcement has determined that the application of Rational Services Limited (PokerStars)
casino service industry licensure (CSIE) will be held in a suspended status for a period of two years.”

The NJDGE did include a caveat, that if ‘significantly changed circumstances are demonstrated’ within that time frame then things could change. The NJDGE also mentioned
PokerStars affiliation with Isai Scheinberg as another major sticking point.

The NJDGE wrote: “The Division’s determination is based primarily on the unresolved federal indictment against Isai Scheinberg for the alleged violation of federal gambling statutes.”

A significant change in circumstances was realized, when in June 2014, Amaya Gaming acquired PokerStars in a deal worth a reported $4.9 billion. It also removed the
Scheinberg problem as he stepped aside to allow Amaya CEO David Baazov and co to take his baby onto the next level.

SOURCE-FULL STORY
 

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