- Amaya group pokerstars legal online gambling full#
- Amaya group pokerstars legal online gambling trial#
Kentucky Revised Statute (KRS) 372.020, 372.040.3 The commonly and collectively referred to as “PokerStars.” For clarity, we use the same name. For the reasons that follow, we affirm the denial of the writ.2 FACTS AND PROCEDURAL HISTORY In 2010 the Commonwealth filed suit against PokerStars seeking recovery under Kentucky’s Loss Recovery Act (LRA), a statute allowing gamblers or “any other person” to sue the winner of a gambling transaction to recover money lost.
Amaya group pokerstars legal online gambling trial#
PokerStars now appeals to this Court the denial of its petition for a writ requiring the trial court to release the supersedeas bond. In a continuing effort to secure release of the bond, PokerStars petitioned for a writ of mandamus in the Court of Appeals, but that court also denied relief, observing inter alia that discretionary review had been granted by this Court. Despite the Commonwealth’s then-pending motion for discretionary review, PokerStars sought release of the supersedeas bond in the trial court, which denied the motion. The Court of Appeals reversed the trial court and directed that the case be dismissed on remand. Throughout this litigation, these defendants have been posted a $100 million supersedeas bond. As indicated in the case caption, Amaya Group Holdings Limited is now known as Stars Interactive Holdings.
These defendants own and operate the PokerStars website, an online gambling forum. JOHN TILLEY, SECRETARY, JUSTICE AND PUBLIC SAFETY CABINET REAL PARTY IN INTEREST MEMORANDUM OPINION OF THE COURT AFFIRMING After the Franklin Circuit Court entered a judgment in favor of the Commonwealth of Kentucky totaling more than $1.1 billion, the defendant, Stars Interactive Holdings (hereinafter “PokerStars”),1 initiated an appeal and 1 In the underlying litigation Amaya Group Holdings Limited and Rational Entertainment Enterprises Limited (REEL) were named as defendants.
WINGATE, JUDGE, FRANKLIN CIRCUIT COURT APPELLEE AND COMMONWEALTH OF KENTUCKY, EX REL. 2019-CA-000184-OA FRANKLIN CIRCUIT COURT NO. APPELLANTS ON APPEAL FROM COURT OF APPEALS CASE NO. Stay tuned for more information as this story develops.RENDERED: FEBRUTO BE PUBLISHED 2019-SC-000381-MR STARS INTERACTIVE HOLDINGS (IOM) LTD., F/K/A AMAYA GROUP HOLDINGS (IOM) LTD., F/K/A OLDFORD GROUP LTD., AND RATIONAL ENTERTAINMENT ENTERPRISES, LTD. Operations will continue uninterrupted - business as usual.
Amaya group pokerstars legal online gambling full#
“ companies do not only have the ability to attract new players, but they are also able to offer popular tables and slot games to their millions of players using their poker platforms,” Baazov continued, referring to the current casino games on Full Tilt Poker.īaazov went on to explain that this will not affect non-US players on Pokerstars or Full Tilt Poker. “This transaction has the potential to excite US players and bring to the market the world’s number one brand.” “Rational does not currently operate in the United States, and we anticipate that Amaya’s track record in the United States has the potential to facilitate a speedier entry of the Rational’s brands into the US, an entrance that would certainly be welcomed by players.”īaazov also mentioned that Amaya’s current position in New Jersey will allow Rational’s poker brands to join the newly regulated market in expedited fashion.
“Growth opportunities are not only in new verticals”, Amaya CEO David Baazov explained. This particular roadblock seems to have been removed. Several executives of Pokerstars were indicted by the US Department of Justice in 2011, preventing Pokerstars entry into US markets such as New Jersey. Reports state that CEO Mark Scheinberg will resign from his position as part of the deal. Shares of Amaya Gaming Group soared over 40% in one day to a record high of $19.95.Ĭlearly, the greatest reason for such a deal to happen is to find a way to bring the massive Pokerstars online poker brand to US regulated markets. The deal will result in Amaya becoming the largest publicly traded online gaming operator in the world. is purchasing The Oldford Group Ltd., the parent company of mega pokersites Pokerstars and Full Tilt Poker, for $4.9 Billion dollars.
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