PokerStars Suspended From NJ Market Until Scheinberg Faces Charges

PokerStars Suspended From NJ Market Until Scheinberg Faces ChargesPokerStars’ hopes of entering the US online gaming market took a hit last week after the New Jersey Department of Gaming Enforcement issued a statement effectively suspending the poker room from the licensing process unless “significantly changed circumstances are demonstrated.”
The text of the statement then goes on to clearly explain just what set of conditions need to be resolved, namely the “federal indictment against Isai Scheinberg for the alleged violation of federal gambling statutes,” as well as “the involvement of certain PokerStars executives with Internet gaming operations in the United State following the enactment of UIGEA.”
In the event of PokerStars settling these issues with the US DoJ, it would seem likely that PokerStars would subsequently satisfy all the conditions necessary for joining the New Jersey market. If not, it seems highly unlikely PokerStars would be able to get approval anywhere else in the lucrative American online gaming market.
The question then remains whether or not Isai Scheinberg would be willing to strike a deal with the DoJ. However, if the rumors are to believed, it would appear Isai Scheinberg has already been negotiating a deal with the DoJ for several months now, with Scheinberg reportedly having retained the services of top Attorney General Michael Mukasey to represent him.
This all leads us to an assumption that since the New Jersey Department of Gaming Enforcement decided to announce PokerStars’ suspended application, in all likelihood the settlement process between the poker room and the DGE has hit a wall and so the body subsequently decided to release a statement to resolve any ambiguity for the New Jersey’s online gambling market.
After the DGE released its statement, PokerStars spokesperson Eric Hollreiser made the following comments to the press: “We are disappointed that the New Jersey Division of Gaming Enforcement has suspended the review of our application at this time. We note that the DGE will resume the review of our application if our circumstances change. We will remain in open dialogue with the DGE and will update them on changes in our situation as they occur.”

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to