Published on December 12, 2013 by April Gardner

PokerStars the corporate will have reached an agreement to bypass further action by the united states Department of Justice, however the company's founder, Isai Scheinberg, remains to be wrapped up in an indictment of his own, and that has turned out to be big trouble for PokerStars.

On Thursday, PokerStars was denied their request to acquire a web based gambling license in New Jersey. Regulators cited the continued legal battles of Scheinberg once they announced that they wouldn't be extending the license to PokerStars.

"The division's determination relies totally on the unresolved federal indictment against Isai Scheinberg for the alleged violation of federal gambling statutes, namely, the Illegal Gambling Business Act and the Unlawful Internet Gambling Enforcement Act, and the involvement of certain PokerStars executives with Internet gambling operations within the Usa following the enactment of UIGEA," said regulators, in a statement.

The biggest blow from this week's decision may come to Resorts Casino Hotel, the prospective partner of PokerStars. Resorts were issued a license, but now has no company to function a web based casino. The company, for the moment, is standing by PokerStars.

"WE'RE disappointed that PokerStars was not issued a license," said Resorts President Mark Giannantonio. "We are hopeful that they are able to resolve their issues with the DGE in an expeditious fashion."

PokerStars has not yet committed to creating changes to their structure with a purpose to gain the brand new Jersey Internet gambling license. They did, however, offer some insight into their future plans.

"We are disappointed that the brand new Jersey Division of Gaming Emforcement has suspended the review of our application at this time," said PokerStars Spokesman Eric Hollreiser. "We note that the DGE will resume the review of our application if our circumstances change. We can remain in open dialogue with the DGE and can update them on changes in our situation as they occur."

Regulators suspended the applying for a period of 2 years.

Read More... [Source: Online Casino News]