PokerStars NJ License Application Denied
The major concern is Isai Scheinberg, the founder of PokerStars still having a federal indictment against him for violating the UIGEA of 2006.
PokerStars, the largest online poker site will be suspended for at least two years while the accused executives are still affiliated with the company.
New Jersey has received the most traffic out of the three regulated American states: Nevada, New Jersey and Delaware.
Party Borgata NJ & WSOP NJ are currently leading the way for the New Jersey poker sites.
PokerStars NJ License Application Denied
PokerStars will be suspended until 2015 unless major changes take place this could include Isai Scheinberg and other PokerStars executives being brought to the United States to face the charges against them or possibly stepping down from their positions.
The easiest route for PokerStars would be to be to sit on the sidelines for their two year suspension while competitors PartyPoker and 888Poker gain a significant lead in New Jersey.
The New Jersey Division of Gaming Enforcement released the following statement:
“The New Jersey 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, within that period, may consider a request for relief to reactivate the application if significantly changed circumstances are demonstrated at which time the Division’s investigation of PokerStars and its affiliated entities and associated individuals will be resumed to assess suitability.”
“The Division’s determination is based primarily on the unresolved federal indictment against Isai Scheinberg for the alleged violation of federal gambling statutes, namely, the Illegal Gambling Business Act and the Unlawful Internet Gambling Enforcement Act (UIGEA), and the involvement of certain PokerStars executives with Internet gaming operations in the United States following the enactment of UIGEA.”
PokerStars NJ seems to be on hold until the situation can be rectified, PokerStars Head of Communications, Eric Hollreiser tweeted the following:
We are disappointed that the NJ Division of Gaming Enforcement has suspended the review of our application at this time. (1/3)
— Eric Hollreiser (@erichollreiser) December 11, 2013
We note that the DGE will resume the review of our application if our circumstances change.(2/3)
— Eric Hollreiser (@erichollreiser) December 11, 2013
We will remain in open dialogue with the DGE and will update them on changes in our situation as they occur.(3/3)
— Eric Hollreiser (@erichollreiser) December 11, 2013