W
WillyWonty
Rising Star
Bronze Level
Sure hope it happens because the online sites we can use now seem to take your money pretty quick, but don't want to give you a payout. Just read on Forbes Mag:
...pokerstars is plotting its return to the U.S. The company, based in the Isle of Man, is on the verge of inking a deal to purchase a financially stressed New Jersey casino, says a person familiar with the situation. The Atlantic Club casino would serve as a beachhead for PokerStars to reenter the online U.S. market, which remains the single most lucrative online poker market in the world....If PokerStars gets the deal approved by New Jersey gaming regulators, acquiring Atlantic Club, which doesn’t even have a poker room, would cap a string of victories for PokerStars...In July, PokerStars resolved its problems with the Department of Justice, agreeing to a $731 million deal to settle the U.S. government’s civil charges that the company used fraudulent methods to process payments and evade U.S. restrictions on Internet gambling. The settlement saw PokerStars forfeit $547 million to the feds and make $184 million available to reimburse non-U.S. customers of Full Tilt, the disgraced online poker company whose assets PokerStars acquired as part of the deal. PokerStars’ reputation among the online poker playing community was enhanced because the company quickly repaid all its players after the feds shut its U.S.-facing web site down,...n the U.S. meanwhile, the legal landscape changed after the Department of Justice reversed its position on a key law that the government had previously maintained made online poker illegal. In addition, proponents of online poker won a key legal ruling in federal court in Brooklyn....New Jersey legislators considering a law that would only make the market for online poker players in the state open to Atlantic City casinos. If a big state like California would also join in, there would suddenly be a viable online poker market again in the U.S....To be sure, PokerStars’ competitors will fight against PokerStars’ efforts to own a regulated casino in New Jersey, probably pointing out that the company’s founder, Isai Scheinberg, remains under indictment and out of the U.S. But the company, which always claimed U.S. law did not bar online poker, remains confident that its civil settlement with the U.S. government does not prohibit it from opening shop in the U.S.
...pokerstars is plotting its return to the U.S. The company, based in the Isle of Man, is on the verge of inking a deal to purchase a financially stressed New Jersey casino, says a person familiar with the situation. The Atlantic Club casino would serve as a beachhead for PokerStars to reenter the online U.S. market, which remains the single most lucrative online poker market in the world....If PokerStars gets the deal approved by New Jersey gaming regulators, acquiring Atlantic Club, which doesn’t even have a poker room, would cap a string of victories for PokerStars...In July, PokerStars resolved its problems with the Department of Justice, agreeing to a $731 million deal to settle the U.S. government’s civil charges that the company used fraudulent methods to process payments and evade U.S. restrictions on Internet gambling. The settlement saw PokerStars forfeit $547 million to the feds and make $184 million available to reimburse non-U.S. customers of Full Tilt, the disgraced online poker company whose assets PokerStars acquired as part of the deal. PokerStars’ reputation among the online poker playing community was enhanced because the company quickly repaid all its players after the feds shut its U.S.-facing web site down,...n the U.S. meanwhile, the legal landscape changed after the Department of Justice reversed its position on a key law that the government had previously maintained made online poker illegal. In addition, proponents of online poker won a key legal ruling in federal court in Brooklyn....New Jersey legislators considering a law that would only make the market for online poker players in the state open to Atlantic City casinos. If a big state like California would also join in, there would suddenly be a viable online poker market again in the U.S....To be sure, PokerStars’ competitors will fight against PokerStars’ efforts to own a regulated casino in New Jersey, probably pointing out that the company’s founder, Isai Scheinberg, remains under indictment and out of the U.S. But the company, which always claimed U.S. law did not bar online poker, remains confident that its civil settlement with the U.S. government does not prohibit it from opening shop in the U.S.
