Amaya announced the news just a few hours ago that both brands PokerStars and Full Tilt have been granted their license by the New Jersey Division of Gaming Enforcement.
PokerStars coming to New Jersey, NJ players have been waiting for the Worlds largest poker site to return to the state since Black Friday.
Under the new ownership of Amaya the company has finally been approved after the PokerStars NJ license application was denied under the ownership of Isai Scheinberg.
PokerStars New Jersey License Approved
The online poker giant have partnered with Resorts Casino Hotel to offer regulated poker and casino games to New Jersey residents.
“We are very pleased to add New Jersey to the long list of regulated markets that have found PokerStars and Full Tilt suitable to offer real-money online gaming, I want to thank the DGE for their thorough and fair review of our business. We look forward to bringing our popular brands, innovative technology, marketing prowess and world-class security and game integrity to the growing New Jersey online gaming market. We anticipate providing additional details of our launch plans in the near future.”
“Since the acquisition, we have consistently delivered on our stated strategy, Today’s announcement follows the divesture of our B2B businesses for total gross proceeds of approximately US$524.8 million; the launch of casino games on PokerStars, which we estimate has one of the largest active user bases of any online casino; the refinancing of our long term debt and the reduction of our annual interest expense by approximately US$62 million. We are excited about our new product pipeline and enthusiastic that we will experience growth in existing and emerging markets in the future.”- David Baazov, Amaya CEO.
The New Jersey Division of Gaming Enforcement conducted a thorough review of Amaya's gaming operations and software technology before granting the NJ license.
The two brands PokerStars and Full Tilt are expected to launch sometime in 2015, Amaya Gaming acquired PokerStars and FullTilt just over a year ago for $4.9 billion. The combine companies have over 95 million players signed up and have the monopoly in the online poker industry.