Senator Ray Lesniak, who led the way for the recent legalization of online poker in New Jersey, recently stated that bringing PokerStars into the New Jersey market could be the key to fixing the industry’s slow start.
“I think PokerStars gaining approval would be the best thing to happen to the New Jersey Internet gaming industry, the biggest possible boost, because PokerStars has shown to be the biggest and the best online poker site,” says Lesniak.
He also added that the recent Amaya Gaming purchase of PokerStars might just pave the way for this to happen.
“This sale is an opportunity to have the license reviewed and possibly approved,” Lesniak said. “I would hope it’s only a matter of months away from that decision being made.”
Amaya Gaming is already contracted with the Caesars Entertainment platform for legal New Jersey online gambling, and the New Jersey Division of Gaming Enforcement has already begun talks with the Amaya Gaming Group about licensing so that Amaya can start legally operating in New Jersey.
PokerStars – Why Now?
PokerStars was initially going to be one of the first online poker sites in New Jersey. However due to PokerStars CEO Isai Scheinberg remaining under federal indictment, the state gave PokerStars a two year suspension.
Now that Amaya owns the company, Sheinberg has been removed from ownership, and the company may not have to serve the remainder of the suspension.
Who benefits from Pokerstars entering New Jersey?
Allowing PokerStars to compete with other NJ online poker companies such as WSOP, Borgata, and Party Poker would likely have an enormous effect on the entire industry. Not only would the industry receive a well needed jolt, but the states would begin to generate more income after a slow first half of the year.
The players would also be getting the top online poker product in the world, as PokerStars (who also owns Full Tilt Poker) has long been the highest quality and most trusted product with the biggest games in the international online poker industry.
Only time will tell how this shakes out, but the future looks promising.