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As the bill explains it: “The bill would require the first $60,000,000 collected each fiscal year pursuant to the license deposit and quarterly fees provisions to be deposited into the California Horse Racing Internet Poker Account, which the bill would establish in the General Fund. The bill Some expect a rebound of the poker offerings in New Jersey iGaming would continuously appropriate 95 percent of the funds in the account to the California Horse okerStars is back in the U.S., NYX Gaming LLC. Racing Board for distribution, as specified, and but only in New Jersey’s The entrance of PokerStars is would transfer 5 percent of those funds to the iGaming market. expected to give a jolt to New Fair and Exposition Fund, a continuously approThe Amaya-owned platform Jersey’s internet gambling marpriated fund.” finally launched in New Jersey on ket, which took in $149 milSome analysts who have run the numbers March 21 after a lengthy licensing lion last year in its second full have concluded that it would be a very rosy sceprocess in the state. The state apyear of operation. That reprenario indeed to where the new business would proved PokerStars for licensing in sented an increase of more than come close to raising $60 million a year. September. 21 percent over the previous By adding the United Auburn tribe, the conIt marks the company’s return to the U.S. year, according to the Associated Press. But all of sortium has come out in favor of Gray’s bill. His market after being shut down by the U.S. Departthat increase is attributable to the casino products bill does not contain a “bad actor” clause as has ment of Justice in 2011 for violating U.S. online offered by the state’s iGaming sites. The poker side been insisted upon by the coalition headed by gambling laws. of the business has been in decline for at least the Pechanga. Others that support the bill are the Only PokerStars customers physically located past year. Rincon Band of Luiseño Indians and California within New Jersey’s borders will be able to use its Nations Indian Gaming Association. platform to gamble online when the site launches. California Compromise? Rincon Chairman Bo Mazzetti recently PokerStars is partnered with Resorts casino in Atnoted that his tribe initially wasn’t interested in Tribes, politicians get together to lantic City. iPoker. “But more and more, the younger generaurge passage of iPoker bill The site will be the state’s 18th internet gamtion is on their machines, and not so much into bling site. It will undergo testing by state regulators the slot machines. They are more into mobile alifornia lawmakers Adam Gray and Reggie before its debut. It will offer not only poker, but platforms and table games and high-tech.” Jones-Sawyer have put their heads together to online table games and slot machine games as well. The Auburn tribe has moved around on this sponsor yet another bill that would regulate online “PokerStars is the global leader in online poker issue, having sided with two of poker in the Golden and trusted by its customers for its robust and inthe other coalitions previously. State. And the novative technology, world-class security and game Two years ago, it sided with United Auburn Inintegrity,” said David Baazov, Amaya’s chairman Pechanga, and opposed Pokerdian Community of and CEO. “We are honored and excited to now Stars as well as the participaNorthern California bring these experiences to New Jersey.” tion of horse-racing interests in has joined the PokerAfter the 2011 shut down, PokerStars had online poker. Stars coalition of been banned in New Jersey because of legal probThe coalition now includes gaming tribes who lems concerning former corporate officials of the the Morongo Band of Mission support legalizing Rational Group, owners of the site before Amaya Indians, the San Manuel Band iPoker in the state purchased it in 2014. of Mission Indians, the United and want to partner California lawmakers Adam Gray (r.) and PokerStars tried twice in 2013 to get licensed Auburn Indian Community, with the largest operReggie Jones-Sawyer (l.) have put their in New Jersey, but the state’s Division of Gaming Commerce Casino, Bicycle ator of online poker heads together to sponsor yet another Enforcement suspended the company for up to Casino and Hawaiian Gardens in the world. bill that would regulate online poker in two years, citing legal problems involving some Casino, plus PokerStars. An iPoker bill the Golden State. company executives, including an unresolved inPolitical watchers in the was introduced in dictment against its founder stemming from the Golden State are unsure February, just hours DOJ investigation. whether this shift is enough to change the game before the deadline to introduce bills. It includes Those executives stepped down as part of the significantly. Pechanga is big enough to keep any up to $60 million annually to the racing industry sale to Amaya. The PokerStars website also paid a bill that it doesn’t like from being rammed from a combination of one-time licensing fees and $547 million fine to the Department of Justice, through the legislature. Moreover, it still comcontinuous tax revenue. The amount would not be but didn’t admit wrongdoing. mands the loyalty of Agua Caliente Band of guaranteed, but would be yoked to profits from the New Jersey requires that internet gambling Cahuilla Indians, Barona Band of Mission Indiindustry. companies partner with an existing brick-and-morans, Lytton Band of Pomo Indians, Viejas Band In return, of course, the racetrack industry tar casino in Atlantic City to offer online gamof Kumeyaay Indians and Yocha Dehe Wintun would not have a place at the table of those actubling. PokerStars is partnered with Resorts, which Nation. ally participating as online operators. launched online gambling last year with Sportech

PokerStars Live in New Jersey

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Global Gaming Business APRIL 2016

Profile for Global Gaming Business

Global Gaming Business, April 2016  

The casino gaming industries most respected and important international trade journal. Official publication of the American Gaming Associati...

Global Gaming Business, April 2016  

The casino gaming industries most respected and important international trade journal. Official publication of the American Gaming Associati...