The Resorts Casino, located at Atlantic City in New Jersey, still has faith in its partner PokerStars although the online poker company is far from getting hold of an online poker license in New Jersey.
The New Jersey Department of Gaming Enforcement (NJDGE) has not given up the idea of granting a license to PokerStars. According to the NJDGE statement, PokerStars’ application for a license “will be held in a suspended status for a period of two years,” during which it may re-activate the application if circumstances change and investigations reveal that PokerStars and individuals and entities associated with it appear suitable for a license.
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NJ regulators have come to this decision chiefly because of “unresolved federal indictment against Isai Scheinberg for the alleged violation of federal gambling statutes, namely, the Illegal Gambling Business Act and the Unlawful Gambling Enforcement Act (UIGEA), and the involvement of certain PokerStars executives with Internet gaming operations in the United States following the enactment of the UIGEA.”
The NJDGE has, therefore, just stopped for sometime the licensing procedure for the biggest online poker room in the world. It has not banned, barred, or restricted the company from actively participating the state’s fledgling online poker industry. Although the NJDGE is fully capable of banning the company, it has not done so, which indicates that PokerStars still has an opportunity in the Garden State.
The regulatory body is quite clear about its licensing conditions. First, Isai Scheinberg has to settle the legal cases slapped on him by the Department of Justice (DoJ). Second, PokerStars has to break all ties with some of its executives.
Meanwhile, Mark Giannantonio, the CEO and president of Resorts Casino Hotel, has expressed his faith in PokerStars. He said: “They are our partner, and we’re waiting for them to be licensed.” However, he refused to say if Resorts is free to get another partner till PokerStars gets a license.
PokerStars announced that it has partnered with Resorts in July 2013. Before that, PokerStars had tried to acquire Atlantic Club Casino, but was unable to do so because of legal complications. In October 2013, PokerStars announced that it will establish a poker room worth $10 million at Resorts if regulators give it a license. The American Gaming Association (AGA), in the meanwhile, urged New Jersey regulators not to grant a license to the online poker company as it stands accused of violating federal gaming laws.