APNewsBreak: Licensing talks for PokerStars buyer

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Associated Press

Posted on June 18, 2014 at 4:02 PM

Updated Wednesday, Jun 18 at 4:02 PM

ATLANTIC CITY, N.J. (AP) — New Jersey's top casino regulator tells The Associated Press his agency will begin talks with the Canadian company that's buying the PokerStars online gambling website.

Talks beginning Thursday are aimed at getting the world's largest Internet poker website licensed in the state.

Amaya Gaming Group is buying PokerStars and Full Tilt Poker for $4.9 billion. Part of the deal involves PokerStars executives accused of fraud and money laundering stepping down from their posts.

That would appear to clear the way for PokerStars to enter the New Jersey market, something it tried twice before it was suspended by the state for up to two years.

State Division of Gaming Enforcement director David Rebuck says he's optimistic Amaya can get approval to let PokerStars begin operating by the fall.

Amaya plans a formal application next week.

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