PokerStars $225M payment, NJ mobile wagering update

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PokerStars has now officially acquired Full Tilt Poker with their $225M payment to the US Department of Justice. PokerStars spokesman Lee Jones confirmed the completion of the payment in a brief statement yesterday. SBR analyst Natalie Rydstrom expands on this topic, as well as a pending lawsuit against former Full Tilt marketing co. Pocket Kings.



It’s not all sunshines and rainbows however surrounding Full Tilt. There are still a number of US players waiting to recover their funds by launching a claim with the US DOJ. In addition, PokerStrategy.com has filed a lawsuit against former Full Tilt marketing company Pocket Kings for an allegedly unpaid $1.2 million. PokerStrategy reportedly waited for the US case to be resolved prior to proceeding, so as to not place itself before the thousands of players owed. Though PokerStars has fully acquired Full Tilt’s assets, PokerStrategy has named the former marketing division in their lawsuit rather than PokerStars, according to a report by EGR.

Governor Chris Christie of New Jersey has signed into law legislation allowing wagers to be placed using mobile devices at casino properties in Atlantic City. Customers will be able to saunter around the pool, casino, their suites and other various extensions of their resort to electronically wager on games offered by that company. The legislation allows sports bets to be placed IF and when sportsbooks are added. There’s of course the current legal battle pitting New Jersey against the major pro sports leagues and the NCAA, and New Jersey’s motion for the Professional and Amateur Sports Protection Act of 1992 to be amended or overturned.

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