King's Online Poker Blog
Tuesday, September 30, 2014
Poker KingKing's Poker Bonus - Promo Code Site


FRONT PAGE
BLOG ARCHIVE
PROMOTIONS $$
INTERNATIONAL
RSS FEED





2013-12-12 21:12:00

Pokerstars Facing Big Decision



The King is pouring a cup of tea, while talking about the latest news from Pokerstars in relation to the U.S. market

Earlier this week, Pokerstars received some bad news from New Jersey's Division of Gaming Enforcement.

The DGE informed Pokerstars that they would be suspending the online poker behemoth's license application for a period of two years. Make some changes, the DGE said, and we might re-activate your application.

The biggest bone of contention for New Jersey's DGE? Isai Scheinberg's continued association with the company.

This news is not all that surprising - it was widely assumed that Pokerstars would be facing a dogfight as they attempted to win access into new online gaming markets in the United States. Sure, part of Pokerstars' settlement with the US government allowed them to apply for access into new and opening markets within the United States, but that certainly didn't mean that they would be granted entry. The powerful American Gaming Association came out aggressively against Pokerstars' NJ application, and Pokerstars will almost certainly face the same roadblocks as they attempt to gain access into US markets that may open in the future.

--

There are three states that currently allow online poker (Nevada, New Jersey, Delaware), and Pokerstars is not even close to being granted access to any of them.

Pokerstars' attempt to penetrate the New Jersey market has been unsuccessful so far, and the setbacks have been embarrassing and expensive. Their failed attempt to purchase the Atlantic Club in New Jersey cost them millions, and their alliance with Resorts Casino Hotel may end up being a bust as well.

--

I'm sure that Pokerstars is far from giving up on the United States, as the market is an extremely lucrative one.

However, you can't help but wonder how many setbacks the company will endure before they change course and focus on their non-US operations instead, which are obviously still extremely healthy.

It appears that in order to win access to the New Jersey market, Isai Scheinberg will need to completely disassociate himself from the company and face the music in the United States. Is he willing to do both of these things? If the answer is no, Pokerstars will likely have a very hard time winning entry into any US market, let alone New Jersey.


Filed Under: Poker Room News





Most Recent Poker-King.com Articles


Posted on: September 30th, 2014 4:51 pm EST
Fedor "CrownUpGuy" Holz Wins WCOOP Main Event
Las Vegas Nevada - Skyline - Sunny Morning - Photo - Excalibur Hotel
Posted on: September 28th, 2014 6:10 pm EST
Nevada Posts Online Poker Revenue of $742,000 in August
The King TV report on Joe Cada split with Pokerstars
Posted on: September 25th, 2014 4:24 pm EST
Joe Cada Comments on Split From Pokerstars
Garden City Group and Full Tilt Poker - Company Logos
Posted on: September 22nd, 2014 8:16 pm EST
Next Wave of Full Tilt Poker Payments Due To Be Sent Out This Week
Ultimate Gaming - Company Logo
Posted on: September 19th, 2014 6:29 pm EST
Ultimate Gaming to Pull Out of New Jersey Market







2665

TOP POKER ROOM BONUS OFFERS

Bet365€1000
Party Poker$500
Pokerstars$600
Titan Poker$2000





POKER KING BLOG PROMOTIONS

New Player Bonus at Bet365

Stan James Promo Code






INTERNATIONAL BONUS CONTENT

Kod Promocyjny William Hill

Бонус от William Hill

Κωδικός Μπόνους Bet365

Cod Bonus Bet365

Бонусный код Bet365

Código Promocional William Hill

Bet365 Italia

Código de Bono Bet365

Bet365 Bonuscode




ARTICLE ARCHIVE

Online Poker Scandals (31)

Player Profiles (40)

Live Tournament Results (94)

Cash Game Results (174)

Poker Bonus Promotions (29)

World Series of Poker (116)

Poker on TV (72)

Poker Room News (165)

King Updates (10)

Poker Legislation (32)

Online Poker Tournament Results (43)

Random Poker News (195)

Miscellaneous Poker Articles (150)



PokerKingBlog.com - Copyright 2014, All Rights Reserved