The Canada-based Amaya owns the Ongame Network, which it acquired from bwin.party in 2012. It also has partnered with the Golden Nugget for online gaming in Nevada and New Jersey. In addition, Amaya Gaming has a handle Ultimate Gaming for online gambling in New Jersey.
According to the report, PokerStars being under new ownership might give the firm a greater chance at re-entry into the U.S.. In April 2011, PokerStars, together with gambling sites Full Tilt Poker and Absolute Poker, fell into hot water with the government for allegedly violating federal statutes involving bank fraud, money laundering and illegal gambling. PokerStars eventually settled without admitting to any wrongdoing with its former U.S.-facing business.
PokerStars needed to pay $731 million within the settlement. The firm’s founder, Isai Scheinberg, remains under indictment. PokerStars has tried to get a foothold within the regulated markets of Nevada and New Jersey, however it hasn’t been capable of accomplish that. PokerStars has a partnership with a California tribe in anticipation of online poker eventually being legalized within the Golden State.
More than a dozen tribes in California have come to a consensus on language that may be unfavorable to PokerStars’ possibilities of offering online poker to Californians.
It’s unclear what price PokerStars would fetch if sold to Amaya Gaming.
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