PokerStars Unlikely to Get NJ Gaming License After Deferred Prosecution by Justice Department

By Colby Adams

An agreement between a global online gaming company and an Atlantic City casino to offer Internet wagering in New Jersey faces an uphill battle to gain the necessary approval from state regulators, say analysts. After its bid to purchase the Atlantic Club Casino Hotel fell through in May, PokerStars said in a July 3 press release that it would team up with the Resorts Casino Hotel to offer legal Internet gambling in New Jersey under a law that took effect in February. But onerous licensing requirements, including a 'suitability' standard that obligates regulators to review the applicant's criminal history "will...