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Even as it faces charges from the Quebec securities authorities and a class litigation suit by investors, Amaya received positive news on April 1, when the New Jersey Division of Gaming Enforcement (DGE) renewed the company’s PokerStars operating license for another six months.
Amaya had first received the license approval on September 2015 and had floated a soft launch for 500 players on March 16. The site had become officially operational on March 21. The approvals are valid for six month and the company will have to seek approval again for further extension after its expiry in September.
The news came just three days after David Baazov, CEO, Amaya went on an indefinite leave of absence and Rafi Ashkenazi, was appointed Interim CEO. Ashkenazi spoke on behalf of the company, “While it’s very early, we’re extremely pleased with the initial launch of PokerStars in New Jersey and the positive working relationship that Amaya has with the DGE.”
“I’m very proud of our employees, including those we have hired in New Jersey, who have worked diligently to prepare for the launch of a robust, stable platform backed by great customer service. We hope to continue our early positive momentum in the market as PokerStars NJ continues to roll out additional marketing and promotions,” he added.
The PokerStars New Jersey launch has been a great success for the company, with the site surpassing existing competitors like WSOP/888 and Party Borgata immediately.
The recent charges against the company and Baazov had put a doubt on the company’s future in New Jersey, but this move has allayed those fears leading to believe that PokerStars certainly has a future in the garden state.
The world’s most popular site has been constantly in the eye of controversy past two years, with constant changes. The most recent one was a few days ago, when rakes were increased upto 4% to the ire of players.