PokerStars Will Be Back in the US in 2014
Updated November 12, 2014 – Expect PokerStars not to go live in New Jersey until January 2015 – rumors were they were to launch mid October (state residents and visitors only) but have not yet. Pokerstars, also owner of Full Tilt has sold their gambling business to Amaya Gaming for $4.9billion in legal strategy to enter the U.S. under the pretense that they are a ‘new company’. Pokerstars will be back in the U.S.A shorter than the previous 2016 wait-time and within New Jersey in January of 2015 according to an unconfirmed source in NJ (exact date not yet released). Players are still choosing to play at legit offshore sites such as Betonline.com due to 50 state acceptance. This sale technically nullified any bad actor clauses, although California has steps that might disregard this company ‘rinse’ in avoiding the bad actor clause (but politics are always at play, hence the delay).
Real money play will only be accessible if you are visiting or live within New Jersey. You must also have 3 (three) wifi networks within your area for geo locational purposes.
Pokerstars signed a deal with the Morongo Tribe in April 2014 with intent to facilitate online poker (via Pokerstars) for the tribe immediately upon California online poker regulation (when, not a matter of ‘if’). On November 11, 2014, the San Manuel Band of Mission Indians in California also partnered with PokerStars. Competing poker sites are exacting the “bad actor clause” to keep them out of California (as was expected).
I am recommending all players within NJ, NV or DE to play at the WSOP (site review) in the meantime. They have the largest ‘legalized and licensed’ real money player base at this time. If you are not in these states, mine, and most others recommendation is www.Betonline.ag as the safest offshore site to serve all 50 states. See our homepage for other recommendations.
PokerStars remains the largest poker site on the internet at 33,000 average cash players – with nearest 2nd being only at 3,000. This license will allow PokerStars to have games of real money for citizens of New Jersey. The sale of PokerStars has now changed the game.
It was said that, as of December 11th, 2013, PokerStars would NOT have a license for real money in New Jersey (and probably all legal poker states) until the year 2016 when their holding period is removed but now this has changed because of the sale.
It is a pre-requisite for any online casino that operates with a US license to also have or be partners with a U.S. operated “on-land” casino. While this goes against Fair Trade Policies, the US government seems not to care. When they sold their business to Amaya, theoretically “new PokerStars owners” are void of past liabilities therefore allowing them into NJ.
When Will PokerStars Return to the US?
As it stands right now, PokerStars is set to be operating a poker site in New Jersey by January 2015 (exact date undetermined) and has not released their policy towards Nevada or Deleware expectations. Preliminary negotiations to purchase the Atlantic Club in NJ failed, but partnership with Resorts Casino has been crafted. The poker stars brand, which now consists of Full Tilt Poker is going to step to the back of the line because of their failed negotiations to partner or purchase a casino within the United States in a timely manner and past ownership involvements that shadow the site.
The brand was forced into a file labeled, “bad actor” clause, mentioned in recent law which made it harder for poker sites that operated in the US during illegal times to re-enter and in PokerStars’s case, despite having paid over an estimated $850m in fines publicly. Not to mention what has transpired behind closed doors.
Good Faith Will Not Prevail?
PokerStars did a very good deed in bailing out defunct poker room Full Tilt Poker after they amounted a 9 figure debt in what the Department of Justice was calling a Ponzi Scheme. Those who are in the poker business know there was no Ponzi scheme. The main wrong doing of Full Tilt Poker (well, minus all the lies) was messing with the United States which continually seized funds meant for players – until they could no longer sustain the losses and were forced to shut down or sell to PokerStars. To this day players from the United States are still awaiting distribution of their funds from the seizure.
This act of good faith in which hundreds of millions were dealt back in the form of penalties and bailouts was still not good enough for US officials. As more and more casinos based in the USA secure their licenses to operate, PokerStars will have to wait two years, possible less, for theirs…
Updates by: Savanah Lavinder