PokerStars Has 'Credibility Issue To Overcome' In Nevada, State Lawmaker Says
"Thanks to its $731 million settlement with the United States Department of Justice, Isle of Man-based PokerStars has DOJ permission to re-enter the American market only if it can obtain a license under a state or federal regulatory framework."
"With its acquisition of former rival Full Tilt, PokerStars has added to its huge database of real-money players and could be attractive to Nevada, said State Assemblyman William Horne, sponsor of Nevada’s online gaming bill that was passed last summer. Horne is also a member of Nevada’s Gaming Policy Committee, which is headed by the governor.
However, for Horne, who worked extensively with PokerStars before Black Friday, the company has a “credibility issue to overcome.”
Before the federal indictments of the leaders of the major offshore poker sites operating in the U.S. were unsealed, PokerStars had been lobbying hard in Nevada to get real-money online poker authorized. Despite online gaming always being a vital issue for the state, the company was a driving force behind Assembly Bill 258."
"Horne said that he doesn’t think PokerStars was “candid” or “forthcoming” during its relationship with state lawmakers. He said that the company probably had an idea that a federal investigation was ongoing at the time.
When asked if PokerStars has burned any bridges in Nevada, Horne said that isn’t the case. He said that he has confidence in Nevada’s gaming regulators to vet each company that applies to do online poker business in the state on a case-by-case basis. PokerStars “might be deserving” of a license, he said."