Weekly Roundup August 1 2014

Weekly Roundup August 1 2014

PokerStars Sale Finalized

Amaya Gaming announced Friday that its acquisition of PokerStars was final.  Two stories leading up to this announcement came earlier in the week when PokerStars received regulatory approval in all of its licensing jurisdictions and Amaya Gaming shareholders approving the purchase.

The next step for PokerStars appears to be gaining approval from the New Jersey Division of Gaming Enforcement to operate in the state.  PokerStars partnered with Resorts in Atlantic City to offer online gaming in New Jersey’s regulated gaming market.  The licensing application was suspended for two years due to concerns about outstanding legal issues from the company’s founder.

All previous owners of PokerStars left the company as part of the deal.  This may give the green light to PokerStars in New Jersey.  Amaya Gaming is already licensed in the state where it provides casino platforms to numerous regulated sites.  It also owns the Ongame software used by Betfair’s poker site, which has virtually on traffic.

888 and WSOP.com Partnership Approved in Nevada

The All American Poker Network is one step closer to reality in Nevada.  Nevada regulators have formal approval of a proposal that allows 888 and WSOP.com to share liquidity in Nevada.  This is important as Nevada and Delaware entered into a liquidity sharing agreement.

888 operates the monopoly online poker network operated by the state lottery.  WSOP uses 888’s software in Nevada.  This makes it so that the two sites will not compete as they do in New Jersey.  888’s partners in Nevada will be Treasure Island and Golden Gaming.