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Early this summer, Amaya lured power lawyer and Chris Christie transition team member Nicholas Menas away from Fox Rothschild, where he had for years done battle in Atlantic City for clients like Revel. How a company that is synonymous with scandal came to be koshered in one of the most highly regulated industries in America of course has a political backdrop. This will make it so that according to one company insider at Amaya, who declined to be identified because of the legal lightning rod that has accompanied PokerStars, вЂњitвЂ™s the first time itвЂ™ll be licensed in the United States, and specifically here in New Jersey, to run the Poker Stars platform.вЂќ According to a source close to the transaction, Amaya has started a вЂњdirect, wholly owned subsidiaryвЂќ called Amaya NJ specifically to run PokerStars in NJ. Along with that report will come an order, known as a вЂњtransactional waiver.вЂќ Possibly as early as Wednesday morning, the Division of Gaming Enforcement will announce that it has completed a report that will recommend PokerStars be granted permission to operate in New Jersey, where online gambling is legal for those in New Jersey at the time that theyвЂ™re wagering.

PolitickerNJ has learned that New Jersey will soon become the first state in which it becomes re-legalized for PokerStars to operate. It has continued to do brisk business in lots of places вЂ“ but not the United States.

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Actually, it didnвЂ™t even require a вЂњrecovery.вЂќ PokerStars has been such a cash cow that even after paying a $731 million settlement, losing its most lucrative market in one day, buying Full Tilt w gun to its head, and having its leader under indictment, the company still took in $1.1 billion in 2013 and had earnings of $420 million вЂ“ a staggering profit margin. PokerStars paid a $731 settlement, acquired the assets and liabilities of Full Tilt and its founder, Israeli founder Isai Scheinberg remains under indictment. PokerStars grew like a virus until the Department of Justice slammed on the brakes in 2011, dubbing the firms illegal gambling operations and cracking down on PokerStars and its competitors, some of which like Full Tilt Poker, turned out to be keeping dubious books.