Amaya has suffered a heavy drop in its share price after it was revealed that chief executive David Baazov will face five charges of insider trading in regards to the company’s acquisition of Oldford Group, the owner of PokerStars.
The New Jersey Division of Gaming Enforcement (DGE) has revealed that it was only able to award an online gambling licence to PokerStars and Full Tilt after parent company Amaya agreed to fire four senior executives.
Canadian gaming provider Amaya Gaming has strengthened its effort to launch an online poker operation in California, should the US state opt to legalise this form of gambling, by entering into a partnership with the San Manuel Band of Mission Indians.
Brian Mattingley, chief executive officer of online gaming operator 888 Holdings, would welcome PokerStars into a regulated US market and that the addition of the online poker giant would help to boost internet poker overall in the country.
Divisions between opponents and supporters of igaming in the US at the American Gaming Association have led the US casino trade group to withdraw its support for regulated online poker and casino in the country.