Pokerstars could return to USA

The sale involves PokerStars executives charged with fraud and money laundering resigning from the company. That would appear to clear the way for PokerStars to enter the New Jersey market, something it had tried twice to do before the state suspended it for up to two years, citing the unresolved indictments against the executives.

"We've had discussions with Amaya to reactivate the application, and we plan to begin discussions with them tomorrow," Rebuck told the AP on Wednesday. "We'll look at whatever they bring over." He said he was "encouraged" by the sale and the licensing talks.

"I think in the long run it will be a good story for New Jersey," he said. "I'm optimistic that they know what the rules are, and I fully expect them to be very aggressive because they want to be here."

Since the launch, the casinos have won about USD 61.9 million online, a far cry from the pace some state political leaders expected. Republican Gov. Chris Christie had estimated they would rake in USD 1 billion in the first year. Many Wall Street analysts have reduced their estimates to the USD 200 million to USD 300 million range, but even those may need to be adjusted downward.

Amaya, which has already been approved for Internet gambling operations in New Jersey as the platform for Caesars Interactive, is optimistic about its chances for the PokerStars approval, company lawyer Marie Jones said."They are optimistic they will get this done quickly," she said.
No documents have been filed, but Jones said she expected a licensing application to be submitted by next week. Rebuck said he could see Amaya getting approval to operate PokerStars in New Jersey by the fall.

PokerStars tried to buy the Atlantic Club Casino in Atlantic City before that deal fell apart. The casino shut down in January.
PokerStars then partnered with Resorts Casino Hotel, which has been unable to offer Internet gambling while PokerStars was under suspension in New Jersey. A PokerStars spokesman had no immediate comment, and Resorts declined to comment.

The website operated in the U.S. after online gambling was banned in 2006 but exited the U.S. in 2011. It paid a $547 million fine to the Department of Justice but didn't admit wrongdoing.

"The return of the exiled poker giant would inhibit the online poker ambitions of big U.S.-based operators such as Caesars Entertainment, Boyd Gaming and Station Casinos," it wrote. "PokerStars, with its Full Tilt unit acquired in 2012, commanded roughly 70 percent of the U.S. market until authorities shut the sites down in 2011."