Seasoned professionals and beginners alike can join the fun and find their favorite poker game in the poker room at Isleta Resort & Casino. Tournaments are hosted daily, with buy-ins starting at only $10, not to mention the dizzying schedule of high stakes poker tournaments and Texas Hold'em Tournaments. 13 Gold Rings, Two $10,000 Buy-Ins Among Prizes to be Awarded. COCONUT CREEK, Fla. (July 19, 2019) – The World Series of Poker (WSOP) returns to South Florida and Seminole Casino Coconut Creek for one of the first stops of the 2019-2020 WSOP Circuit U.S. Tour beginning Thursday, September 19. Oct 27, 2014 When buying into a cash game, should you buy in for a lot, a little, or somewhere in between? Here are three factors that should affect your choice.
The series of articles 'Casino Poker for Beginners' is intended for people who have played poker online and/or in home games, but have little or no experience playing in a “brick-and-mortar” or at an online casino.
Casinos have rules, procedures, and points of etiquette that can trip up players on their first few visits — or at least confuse and mystify them.
I hope to explain these to you in advance so that you don’t get intimidated or embarrassed.
Understanding them might also keep you from losing money by inadvertently breaking a rule during the game.
The articles in this series will focus specifically on how poker in casinos differs from what you have learned from playing casino poker games like three-card poker online or at friends’ home games, particularly in what might be termed its “procedural” aspects.
I work from the assumption that readers have enough experience under their belts at one or both of those other types of poker games to feel comfortable playing them and would like to try adding casino poker to their repertoire.
For this first installment, I’ll give you a step-by-step guide for getting into a cash game. I’ll cover entering a casino poker tournament in a later column.
Figuring Out What Games Are Available
So you’ve taken the trip to Las Vegas, Atlantic City, Tunica, Los Angeles, or any of the other many poker destinations that are now available in the U.S. and around the world. You’ve selected which poker room to patronize. Now what?
Your first step is to know what games are available.
Online Casino Poker
Poker rooms vary in how they communicate game availability to would-be players. Most now have a large-screen TV listing the games and the names of any people waiting to play. Some use a manually updated white board.
The smallest rooms sometimes still use one person behind a desk with a simple piece of paper, and you have to ask what games are available. But let’s say that by one of these methods you learn that the choices are listed as follows:
- 2-4 limit hold’em
- 4-8 limit hold’em
- 1-2 no-limit hold’em
- 2-5 no-limit hold’em
- 4-8 Omaha-8
Often you’ll see a number in parentheses after such listings, which tells you how many tables of each game are in play. Some places display the actual table numbers. (Each table in a poker room has a fixed identification number.) If there are names under the game heading, that tells you who is waiting to play.
What the Numbers Mean
The stakes of the game are communicated by the pair of numbers in front of the name of the game. Confusingly, the numbers mean different things for different games.
In hold’em and Omaha (i.e., the so-called “flop games”), fixed-limit games are named by the size of the bets you can make. For example, “4-8 limit hold’em” means that the bets and raises are each $4 for the first two betting rounds of each hand (before the flop and on the flop), and $8 on the turn and river.
The blinds in these games are typically one-half of those values, or $2 and $4 in this example, though some casinos use different structures. Stud games (and draw games, if you can ever find one) follow the same convention — the numbers in the name of the game represent allowable bet sizes.
But just when you think you understand that, you discover that no-limit games are listed differently. “1-2 no-limit hold’em” does not mean that the bets are $1 and $2 — that would violate the whole concept of a “no-limit” structure. Instead, these games are named by the size of the two blinds, in this case the small blind being $1 and the big blind $2.
To make it even more confusing, a few casinos — most notably the largest ones in southern California — eschew the conventions I’ve just described in favor of a bewildering hodge-podge of buy-ins and blinds as the titles of their games.
For example, a “$40 NL” game will mean no-limit hold’em with buy-in of exactly $40 — no more and no less — with blinds unstated but understood to be $1 and $2. There are other variations used in these places that are too numerous to detail here. But don’t worry — just tell them that it’s your first time there, and they’ll be happy to explain what the words, numbers, and abbreviations mean. Just about everywhere else, the explanations above will serve you well.
Buying In and Taking a Seat
Okay, so let’s say you’ve decided which of the offered games you’d like to play. Now just approach the person poised to greet you at the entrance to the poker room and tell him or her what you’re interested in. You will either be put on the waiting list for a opening, or, if you’re lucky, directed or escorted directly to a vacant seat in an active game.
If you have to wait, be sure that you don’t wander off to someplace where you can’t hear your name being called. Some poker rooms now offer to call or text your cell phone when it’s your turn, in which case you’re free to go do something else while you wait. However, I think it’s a better idea to stick around and watch (from a respectable distance) a game of the type you plan to play, in order to get a sense for what’s happening.
Next you’ll need to convert some cash into chips. But how much? The amount for which you can or must buy in to a game is related to the sizes of the blinds and/or bets, but not in any obvious or standardized way. Most commonly, the buy-in is capped at 100, 150, or 200 times the amount of the big blind in no-limit games. However, you can find poker rooms with substantially smaller buy-in caps, and some with no caps at all.
There’s no reliable way to figure this out on your own; you just have to ask an employee. Limit games are often officially uncapped, but you’d be looked at oddly if you bought into a fixed-limit game for more than about 50 big blinds, because stack sizes are not usually an important factor in how the game plays.
Let’s suppose you’re going to play $2/$4 limit hold ’em, and you’ve decided to buy in for the maximum this casino allows for this game, which is, say, $200. There are four different ways you might exchange your cash for poker chips.
- The person at the front podium who signs you in might also serve as the room’s cashier.
- He or she might direct you to a separate cashier’s “cage” to purchase chips.
- You might be instructed to buy your chips from the dealer when you sit down.
- After you take your seat, they might have a “chip runner” take your money and bring you chips.
Again, which method a given place uses (and it can change depending on how busy they are) is not usually obvious, even to experienced players — you just have to ask.
Congratulations! You’re past the first set of hurdles, and seated in your first casino poker game, with a fresh stack of chips stacked neatly in front of you. In the next “Casino Poker for Beginners” entry, I’ll start to delve into what the casino expects of you as a player at one of its tables.
Robert Woolley lives in Asheville, NC. He spent several years in Las Vegas and chronicled his life in poker on the “Poker Grump” blog.
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The launch of PokerStars in New Jersey back in 2016 was maybe the most anticipated event in the history of US online poker. Since, PokerStars has brought the heft of its international brand back into the US and re-established itself as a major player in the expanding US poker scene.
Its partnership with Mount Airy Casino in Pennsylvania and the launch of online poker in PA in 2019 brings it one step further into the US market. Real money poker at PokerStars is back in the US to stay and it’s only going to grow from here.
Current US states where you can play real-money poker on PokerStars:
- PokerStars Pennsylvania via Foxbet
How Can I Play on PokerStars in the US?
You can open a new PokerStars NJ or PokerStars PA account from anywhere (and play play-money poker). But you must be physically within a licensed state’s borders (and be of legal age) to play real money poker.
Below find a complete overview of what PokerStars currently offers poker players in the US; check back to see which new states have been or are soon to be added.
PokerStars bonus code
PokerStars Bonus Code (PA and NJ): | FREE30 |
Free Money Offer: | Get $30 in free play with a $20 deposit |
First Deposit Bonus: | 100% up to $600 |
Available To: | Adults 21 or older, located in NJ or PA |
Last Verified: | Oct. 1, 2019 |
How to Get Free Money on PokerStars
Players that open a new account at either PokerStars NJ or PokerStars PA and make a deposit of $20 or more are immediately eligible for:
- $30 in free play
PokerStars Free Play Code: FREE30
Enter the above code in the designated field when creating your account to receive the bonus.
PokerStars Free Play Bonus includes:
- $20 Bonus Money
- $10 in Spin & Go tickets
- Free entry into a $5,000 depositor freeroll
- 1 million in Play-Money chips
Note:Freeroll ticket and play-money chips are added to your account immediately. The first $10 in bonus money is credited to your account within 36 hours of deposit; final $10 in bonus money credited to your account 7 days after first deposit.
Spin & Go tickets are awarded as follows:
- Day 1: 3 x $1 Spin & Go tickets
- Day 2: 1 x $2 Spin & Go ticket
- Day 3: 1 x $5 Spin & Go ticket
PokerStars Spin & Go’s
Spin & Go’s are PokerStars’ signature Jackpot Sit & Go tournaments which multiply the prize pool randomly before the tournament begins.
Buy-ins are from $1-$25 and each tournament then awards from 2x to 1,000 times your buy-in.
Spin & Go’s are three-handed turbo events that play out very fast and can give you amazing opportunities for big scores (up to $25,000 prize pools) compared to the buy-in.
PokerStars Deposit Bonus
The first-deposit bonus for PokerStars US players is:
- 100% match bonus up to $600
That means whatever amount you deposit (up to $600) will be matched by PokerStars in bonus money.
The bonus releases in $10 increments for every 100 VIP Player Points (VPPs) earned. That is equivalent to an unprecedented 55% rakeback rate.
PokerStars awards VPPs at a rate of 5.5 for every $1 in rake paid at cash games, SNGs and tournaments. Any portion of the bonus not cleared within 120 days expires.
As part of the offer, players also get a $5,000 depositor freeroll ticket. The bonus code is STARS600.
How Do I Download PokerStars?
New PokerStars players have two ways to download the PokerStars platform and hit the tables:
- Full PokerStars download for PC or Mac (Apple)
- Download PokerStars app for your iPhone/iPad/Android
Both are fast and simple. To start the download on your computer, just click the appropriate link below for your state (either NJ or PA) to get to the main PokerStars download page:
- Download PokerStars PA right here
PokerStars software works for both for PCsand Macs; it’ll self-prompt you to download the proper format for your computer type. Once you’ve downloaded the PokerStars software you’ll finish the registration process by:
- Creating your Stars ID (your poker screen name)
- Setting your password
- Entering the rest of your personal details required (email, age, etc) a
- Bonus Code (see above)
Your account will be operational in minutes. You can also access your 1 million in play-money chips right away. If you want to play real money poker at PokerStars NJ or PokerStars PA, you’ll also need to:
- Download the Geolocation software to confirm you’re within state borders
- Make a deposit to your account via any of the accepted methods via the “Cashier” tab
More on your deposit (& cashout) options below.
Download the PokerStars App
PokerStars has a slick and easy-to-use poker app for playing both play-money and real money poker. You can open an account via the App alone or create an account on your desktop and then log-in via the App to play.
To download the app for your iPhone or iPad:
- Go to the App Store on your device and find the PokerStars App
- Download to your iPhone or iPad
- Register your account (or log in to your created account)
- Make a deposit or buy/play with play-money chips
For Android users:
Since the Google Play Store doesn’t permit gambling apps you’ll need to download the Android App directly from either PokerStars NJ or PokerStars PA.
Click any link above to get to the main PokerStars download pages for each state.
PokerStars App – Game Play
The PokerStars app is made for poker players so its known for its ease-of-use and in-game functionality.
Finding cash games and tournaments is simple with a slide bar to scroll through cash games, MTTs, SnGs and Spin & Go’s; there’s also a tab at the top to toggle between real-money and play-money games.
The Lobby, Cashier, My Stars account, Challenges, Leaderboards and Customizable settings are also easy to find and use. If you want to make a real-money deposit it’s hard to miss the “Deposit” icon – just tap and you’ll be walked through depositing in a few simple steps.
As for the action at the tables, as PokerStars has always been made by poker players the betting slide bars and buttons are well positioned and easily distinguishable to avoid misclicks.
Following the action at the table is clear and straight-forward and the betting bar allows for quick increment changes.
Check/fold buttons are also big and visible as are set betting increments. Multi-tabling is also possible via the app.
PokerStars VR
Virtual Reality has come to poker in the form of PokerStars VR. If you choose to dive in, your perception of live poker will never be the same.
You’ll need the proper VR equipment (and graphics support) to try it out but if you do you’ll be rewarded with a one-of-a-kind, authentic, free poker experience like you’ve never seen before. PokerStars VR offers:
- Dazzling realism from chip to cards to players to dealers
- Real opponents in free ring games
- Immersive, total poker experience with authentic body language, props and accessories
- Play against your friends on private tables or against other players across the world
- Streaming media integration
- Free chips and in-game purchases
- Exotic playing locales including Macau 2050, Monte Carlo Yacht, Showdown Saloon and Galaxy Space Station
- New SnGs plus weekly leaderboards
You can download PokerStars VR from:
- Oculus Store
- Steam
- Viveport
Poker Stars Promotions
Alongside the Free Play and Deposit Bonuses, PokerStars NJ and PokerStars PA run plenty of ongoing promotions for players. Among the current or past promotions we’ve seen:
- $10,00 Summer Holidays Challenge
- Daily $20,000 Golden Button Challenge
- Monthly MTT Leaderboards
- Online satellites and Spin & Go’s for live tournament seats and packages
Check PokerStars’ promotions page in a particular state for ongoing promotions.
PokerStars Live Tournaments & Packages
PokerStars hosts some pretty spectacular live events around the world and players in the US can take advantage of low buy-in satellites online to win seats and packages. Players can win seats and full travel packages to live events including:
- European Poker Tour
- PokerStars Caribbean Adventure
- PokerStars Live London
and more. Also returning in 2020 is the:
- PokerStars Players NL Hold’em Championship (PSPC)
The first edition ran in 2019 and awarded over $26 million in total to players that cashed. The 2020 edition will be held in Barcelona from August 20-24 at Casino Barcelona.
Buy-in is €22,500 (approximately $25,000) but you can win your way there for much, much cheaper via the online satellites. Find the full daily and weekly satellite schedule for live events in the ‘Events’ and ‘Live’ tabs in the lobby.
PokerStars player rewards
All real money poker players at PokerStars are eligible for reward prizes through the Stars Rewards Program. Players get personalized rewards based on their playing preferences across all of the site’s products – casino and sports betting included.
Players who play real money games earn Rewards Points as they play. As you accrue points you’ll fill up an on-screen progress bar. When you reach the end of the bar for that reward level you will earn a Reward Chest to open.
Inside the Chest will be personalized rewards that best suit your level of play. There are six chest levels of increasing size and average value:
- Blue Chest ($0.25-$5)
- Bronze Chest ($0.60-$12)
- Silver Chest ($1.50-$30)
- Gold Chest ($5-$100)
- Diamond Chest ($12.50-$250)
- Black Chest ($35-$700)
Chests can contain StarsCoin — a virtual currency that players can spend at the site’s rewards store — tickets, and goods tailored to players’ preferences. Players can also win Top Rewards, which are massive prizes divided randomly among chests.
Boosts are also available whereby players will earn points at an augmented rate for a limited time.
PokerStars cash games and tournaments
Cash Games
PokerStars NJ and PokerStars PA offer the widest variety of cash games in US poker:
- No Limit Hold ’em
- Limit Hold ’em
- Pot Limit Ohama
- Limit Omaha Hi/Lo
- Eight Game
- Limit Stud
- Limit Stud Hi/Lo
And the list goes on. No Limit Hold‘em games dominate the lobby with popular stakes running from $0.05/$0.10 to $2.50/$5.00. NL Hold ‘em Zoom Poker (fast-fold) games also go off regularly, even more so when there’s a cash game promotion running.
SNGs
SNGs are always popular on PokerStars. The ones that do run are generally low- to mid-stakes No Limit Hold ‘em turbo games. Most of the site’s SNGs are of the 6-max variety, although heads-up games run as well.
Spin ‘n Gos
As mentioned above, Spin & Go’s are arguably the site’s mostpopular format. These three-person, hyper turbo games are known for their randomized payouts and blistering pace.
The format is available at the $1, $2, $5, $10 and $25 buy-in levels, and feature jackpot prizes of 1,000x a player’s buy-in.
Multi-table tournaments (MTTs)
PokerStars is the home for New Jersey and Pennsylvania’s biggest online tournament series events. The annual NJSCOOP (PASCOOP) and NJCOOP (PACOOP) both feature dozens of events and $1 million+ guaranteed prize pools.
PokerStars NJ and PokerStars PA also host a nice selection of smaller tournament series events throughout the calendar year.
As for its daily and weekly MTT schedules, PokerStars also makes the grade. The site offers a dozen nightly majors with buy-ins ranging from $5 to $100 and spanning multiple game formats.
Weekend tournaments guarantee as much as $50,000, and often more during special events. Here’s a quick glimpse of PokerStars’ most popular tournament offerings in the US:
- The Big $5(4 p.m. EST): $5 buy-in, $500 guaranteed
- The Big $30(5 p.m. EST): $30 buy-in, $1,000 guaranteed
- The Big $50(6 p.m. EST): $50 buy-in, $2,000 guaranteed
- The Big $10(6 p.m. EST): $10 buy-in, $1,000 guaranteed
- The Big $20(7 p.m. EST): $20 buy-in, $1,500 guaranteed
More daily tournaments include:
- Hot Turbos
- KO Fever
- Nightly Stars
- Moonlight Express for No-Limit Hold ’em
- Change-up for Omaha, Omaha Hi/Lo and Stud
Sunday Majors on PokerStars US
- Sunday Warm-Up(4 p.m. EST): $50 buy-in, $8,500 guaranteed
- Sunday Storm(5 p.m. EST): $10 buy-in, $4,500 guaranteed
- SundaySpecial(6 p.m. EST): $200 buy-in, $45,000 guaranteed
- Sunday High Roller(7 p.m. EST): $500 buy-in, $15,000 guaranteed
- SundaySupersonic(10 p.m. EST): $75 buy-in, $5,000 guaranteed
PokerStars Deposits & Cashouts
Deposits
With fully licensed and legal online poker comes a slew of easy-to-use and secure deposit and withdrawal methods. All transactions, via either the desktop or app, are encrypted, secure and protected.
Once your proper account ID and verification are set-up depositing to PokerStars NJ or PokerStars PA is virtually instantaneous. Popular deposit methods include:
- Instant e-checks (ACH)
- Skrill
- Mastercard/Visa credit or debit cards
- Neteller
- PokerStars Instant online banking
- PayNearMe (7/11)
- Cash at the Live Casino partner’s cage (Resorts Hotel & Casino in NJ; Mount Airy Casino in PA)
- PokerStars Play+ Card
Of these, players should consider Instant e-checks as their first line of offense. The Play+ Card is also a great option for players who have trouble completing ACH transactions. Those who favor in-person transactions are best opting for PayNearMe or cash at the casino cage.
Cashouts
Players are slightly more restricted with regard to withdrawals but still have plenty of options in both states:
- Instant e-checks
- Skrill
- Neteller
- Cash at the cage
- PokerStars Play+ Card
Generally speaking players must use a method as a deposit vehicle first before withdrawing via the same method.
PokerStars Customer Service
PokerStars offers an extensive FAQ portal divided into four primary sections:
- Support
- Deposit and Cash Out
- Security
- Account
Most of the common questions people have when creating/using a PokerStars account can be solved right there. Players can also fill out the site’s support form to request a callback or written response from an agent.
Is PokerStars Safe?
Beyond being one of the most reputable online poker brands in the entire world, every PokerStars US poker site is subject to rigorous vetting and regulations by the individual state’s Department of Gaming Enforcement.
- In NewJersey, PokerStars has been approved and licensed by the New Jersey Division of Gaming Enforcement (NJDGE).
- In Pennsylvania, PokerStars has been approved and licensed by the Pennsylvania Gaming Control Board (PCGB).
PokerStars US New Features — October 2019
The New Jersey Championship of Online Poker beings on October 12 and runs until October 28. Fifty events are scheduled, with a guarantee of $1 million.
You’ll find multiple variations of No Limit Hold’em (Turbo, Deepstack, Progressive KO, Escalating Antes, Bubble Rush, Win the Button), as well as Pot Limit Omaha 6-Max and High Roller, No Limit Omaha Hi/Lo, and mixed NLH/PLO.
Buy-ins start at $30 and go as high as $1,000, but the majority of the events are under $150. And you can earn your way into events through various satellites, freerolls and Sit & Gos. The full schedule of events, along with information on alternate ways to enter the tournament are available on the PokerStars site.
PokerStars US FAQ
Is PokerStars Legal in the US?
Yes. PokerStars officially relaunched to players in New Jersey on March 21, 2016. It has now also launched in Pennsylvania. These are currently the only 2 states where PokerStars can legally offer online poker games for real-money but more are soon to come.
Can I play at PokerStars in states outside of New Jersey?
PokerStars is currently licensed to offer games in two US states: New Jersey & Pennsylvania
Players from anywhere can sign up and create a new account but to play real money poker (either cash games or tournaments) you must be physically within the state’s borders. You don not have to be a resident of either state to play.
How does PokerStars know I’m in New Jersey (or Pennsylvania)?
In order to abide by official state gaming regulations PokerStars must guarantee players accessing its real-money games are within state borders. To do so, players on PokerStars US (NJ, PA, etc) must download a geolocation app along with the PokerStars software or PokerStars App.
Can PokerStars US players play against international PokerStars players?
No, PokerStars US only includes players within the US as of 2019. There is a current compact that allows for a shared player pool between online poker players in New Jersey, Nevada and Delaware but PokerStars does not have a site in Nevada or Delaware.
PokerStars PA players will also be ring-fenced and only able to play against each other. There is a likelihood, though, that all state player pools will eventually be merged among similarly licensed online poker states.
One day there is hope the full international player pool (or a portion of it) will be available again to US players.
What caused the delay of PokerStars in New Jersey?
The New Jersey Division of Gaming Enforcement had concerns about the past legal issues of PokerStars involving the US Department of Justice. The original PokerStars founder had not yet settled with the US Government at the time of the sale to Amaya Gaming.
The sale of PokerStars satisfied any issues New Jersey regulators had with the company.
Are SNG tournaments available ?
Yes. PokerStars New Jersey and PokerStars PA have Spin ‘n Go and Sit ‘n Go tournaments.
Why does PokerStars have a casino partner in each state?
New Jersey interactive gaming law requires software providers to partner with Atlantic City casinos through their existing license. Casinos can host up to five gaming sites on a brick-and-mortar license.
The same is true in Pennsylvania and will be likewise in any other state PokerStars is eventually licensed in.
Which Atlantic City casino is PokerStars’ partner?
PokerStars is partners with ResortsCasino Hotel in Atlantic City, New Jersey.
Which Pennsylvania casino is PokerStars’ partner?
PokerStars is partners with Mount Airy Casino in Pennsylvania.
Is there a PokerStars poker room in Resorts AC?
There is no PokerStars room inside Resorts at this time. There were plans to develop one at the time of the original announcement of the partnership. It appears that those plans are still on hold.
Does PokerStars offer casino games in New Jersey?
Yes, PokerStars offers house-banked casino games through its Resorts partnership. At present, the site supports more than 30 slots, blackjack, roulette, Heads-up Hold ’em and baccarat.
Casino games will also be a part of the PokerStars offering in Pennsylvania as will sports betting via FOX Bet.
How big are the Sunday PokerStars tournaments in New Jersey?
Due to the market’s low-population cap, the tournament prize pools on PokerStars New Jersey are not nearly as large as they on the operator’s international site.
At present, the biggest Sunday major is the Sunday Special, which guarantees $50,000. Following that is the Sunday High Roller ($500 buy-in, $15,000 GTD).
There is also a bevy of nightly and weekly tournaments that guarantee a minimum prize pool of $10,000.
PokerStars US Review
PokerStars Quick Review
Traffic - 91
Depth of Game Selection - 93
Software - 98
Customer Support - 84
Promotional Value - 94
Summary
The PokerStars client is nothing short of stellar, matching the quality of its award-winning international platform nearly every step of the way. PokerStars also offers two generous, first-time deposit bonus; one tailored toward recreational players and another to regulars. Biannual tournament events that guarantee over $1.2 million each and an eclectic mix of game formats round out New Jersey's most complete online poker package. Now if only customer service were more accessible.
PokerStars’ History
PokerStars is the world’s largest online poker site. It peaks in the neighborhood of 20,000 players daily, according to PokerScout.
In addition to its international poker site, it also holds licenses in the ring-fenced markets of Italy, France and Spain. It is the largest site in two of these three regulated and ring-fenced countries.
Casino Poker 30 Buy Ins 2017
PokerStars was not always the largest online poker room in the world. PartyPoker held that distinction until October 2006, when it left the US market. PartyPoker has the most cash-game players, but PokerStars had more tournament participants.
As a result, PokerStars immediately became the largest cash-game site when it announced it would stay in the US market after 2006. It raked an estimated $2 million per day after this decision.
PokerStars’ legal woes
Because of this success, the US Department of Justice took notice. PokerStars became the target of an investigation from the US Attorney’s Office in the Southern District of New York.
On April 15, 2011, an indictment was unsealed that named PokerStars and two executives. The charges related to violating the Illegal Gambling Business Act and the Unlawful Internet Gambling Enforcement Act. Furthermore, Full Tilt Poker and Absolute Poker were also named on the same indictment.
PokerStars immediately withdrew from the US market, as did Full Tilt and Absolute Poker. Most noteworthy is that PokerStars was able to reimburse account balances for US players within 10 days. Full Tilt and Absolute Poker were unable to pay.
Subsequently, PokerStars acquired Full Tilt through a corporate settlement with the US Justice Department worth $731 million. Part of this settlement went toward paying Full Tilt Poker players that were victims of what the federal government described as fraud.
Once these charges were settled, PokerStars attempted to gain licensing in New Jersey for the state’s new interactive gaming industry that launched in November 2013. They partnered with Resorts.
PokerStars previously attempted to buy the Atlantic Club. They infused the ailing casino with much-needed cash while it attempted to get licensed. Atlantic Club backed out of the deal after the guaranteed closing date passed.
It appeared Atlantic Club was hoping to fetch a higher sales price. That never materialized. Atlantic Club fell into bankruptcy and closed in January 2014. Subsequently, its assets were divided between Caesars Entertainment and Tropicana Entertainment through a bankruptcy auction.
While PokerStars resolved its case through a civil settlement, executives of PokerStars never resolved their charges. This was the reason cited by the New Jersey Division of Gaming Enforcement for suspending its gaming license application for two years.
PokerStars’ new owner and eventual entry into New Jersey
Rational Group, the parent company of PokerStars, decided the solution was to sell the company. Amaya Gaming was the suitor.
Amaya Gaming acquired PokerStars in July 2014 for $4.9 billion. As a result, PokerStars’ equity holders left the company at the close of the transaction.
It appears that this merger was the catalyst that gave PokerStars the green light in New Jersey. The Division of Gaming Enforcement is satisfied that PokerStars is now suitable.
Amaya Gaming was already licensed in New Jersey. It maintains several casino platforms, as well as Betfair’s poker platform.
This may not satisfy regulators in other states. Bills are being considered in California, New York and Pennsylvania and could exclude any unlicensed asset used in the online poker industry after Dec. 31, 2006.
Amaya Gaming would either need to defeat that language in bills before they become law or prevail in court challenges under the position that the so-called bad actor clauses are unconstitutional.
Additionally, online poker regulations in Nevada include a tainted asset clause. This means that the sale of PokerStars does not clean the brand in the eyes of regulators. Unless current Nevada law changes, or is found unconstitutional, PokerStars will never operate in Nevada.
Delaware has no such language in its online poker regulations.