While many former PokerStars and Full Tilt employees are on the way to avoid it, Rafi Ashkenazi is on his way in once the CEO that is new of Rational Group.
The Rational Group has named Rafi Ashkenazi its new ceo to oversee the PokerStars and Full Tilt online poker brands as parent company Amaya guides the companies into its next chapter operating in the usa.
New Jersey’s Division of Gaming Enforcement (DGE) took months that are many investigate whether Amaya’s licensing application was included with the merit their state needed for approval.
The DGE ultimately ratified the request but with a variety of stipulations including first of all that Rational and PokerStars must sever ties and all sorts of employment with people identified by the DGE as having failed to establish ‘good character, integrity and honesty.’
Ashkenazi served while the COO of Playtech before joining Rational in 2013 and being promoted to vice that is senior of technique for Amaya in April of this year.
‘I anticipate re-joining the team that is excellent Rational Group,’ Ashkenazi said in a press release. ‘We have great opportunities in the forseeable future with our upcoming launch in New Jersey, the expansion of our casino and sports-betting organizations and our objective to cultivate the poker category.’
Although the Garden State’s DGE didn’t specifically name which former or present employees failed to meet their ethical minimums, it was mostly suspected that it included Director of Operations Israel Rosenthal, General Manager Serge Bourenkov, Chief Technology Officer Charles Fabian, and Rational Group Interim CEO Michael Hazel.
Ashkenazi submitted to a sworn interview with DGE officials, while the agency found no wrongdoings or ethical discrepancies during his time working with Rational or Amaya.
Amaya CEO praised his job performance, saying Rafi was ‘working very closely this season with our executive management team’ and is an ‘ideal leader for the Rational Group.’
Hazel’s exit appears to verify the DGE told Amaya to break down their relationship with the professional, but Rational additionally confirmed that Rosenthal will stay on in his part and are accountable to Ashkenazi.
New Jersey’s thorough enquiry into PokerStars and Full Tilt’s corporate governance since being acquired for $4.9 billion by Amaya in June of 2014 predominantly came down to determining the moral criteria associated with the group’s new leaders.
The poker sites were labeled ‘bad actors’ by the federal government for continuing to operate in the United States following passage of the illegal Internet Gambling Enforcement Act of 2006.
After the seizing of their assets on April 15, 2011, it was largely thought PokerStars’ days in America was in fact forever folded.
America loves a great comeback, and a second chance is precisely just what New Jersey has afforded the world’s most robust on-line poker network.
Amaya’s buying of the two platforms for nearly $5 billion along side the corporation now publicly traded on Nasdaq, one might think Baazov would be wise to hire from outside simply to gain all the favor he can with state and federal regulators.
However the 2015 PokerStars is not the PokerStars that the Scheinbergs founded back 2011.
It is now under Baazov’s leadership, a 35-year-young ceo that apparently has absolutely nothing to conceal.
It’s WSOP November Nine Fever Time as Final Table Kicks off (Almost) Live on ESPN This Sunday
The 2015 November Nine form a cast of colorful characters for this year’s final playdown. Play will resume on November 8th as six Americans, a Belgian, an Israeli, and an Italian vie for poker’s greatest glory. (Image: WSOP.com)
The WSOP nine are ready to rumble for one of the biggest prizes around if you like money november. Yup, the table that is final of 46th Annual World Series of Poker will play away on ESPN beginning this Sunday.
After nearly four months’ hiatus, the final nine players are back again to do battle for the $7,680,021 top prize and a place in the annals of poker history.
A total of 6,420 players set up the $10,000 buy-in last royal vegas casino review summer, each dreaming of winning the big one. And after seven days play there were just nine left, each now already a millionaire, with a guaranteed minimum payday that is ninth-place of1,001,020.
But ultimately there might be only one champion. Will it be chip leader Joe McKeehen, a 24-year-old expert poker player from North Wales, Pennsylvania? By having a whopping 158 blinds that are big play with, McKeehen could be the man to beat.
At 72 years old, could Belgium’s Pierre Neuville, already the oldest-ever November Niner, become probably the most senior poker world champion of them all in an event that is top-tier? The former toy administrator renounced poker for many of his adult life before a near-death experience convinced him to follow along with their dreams again. Sitting in 4th place, Neuville has 53 big blinds and a shot at the title.
Therefore too does well-known pro Max Steinberg, whom parlayed a $27 DraftKings deposit into a seat at the last table and a chance to win the big one. Steinberg may be the only November Niner this 12 months by having a WSOP bracelet, which he picked up in 2012.
The staying six players comprise four Americans, an Israeli, and an Italian in Federico Butteroni, who, as the quick stack coming in on Sunday with just 15 big blinds, will likely be clinging on by your skin of his teeth.
Where to View the nine november
Cards get in the air at 5 pm PST on November 8th at the Penn & Teller Theater in the Rio Casino in Las Vegas sunday. The ESPN broadcast will be operating on a time that is 30-minute, for a 5.30 pm PST kick off. This means that, as is the case for the past few years, players will be able to review action that is previous beaks, gap cards and all.
The players are back minus three on . Finally, the very last two players standing will meet up once again on at 5.30pm on Tuesday for the heads-up finale while the crowning of this champion.
On though, the event will resume with 57 minutes, 36 seconds left on the clock in Level 35, with antes at 50,000 and blinds at 200,000 and 400,000 sunday. Thomas Cannuli, in Seat 5 has the button.
RAWA Scheduled for Second House December that is hearing 9
Rep. Jason Chaffetz is turning his focus back from campaigning for House Speaker to pushing RAWA, the measure that is anti-gambling by casino billionaire Sheldon Adelson. (Image: Bill Clark/rollcall.com)
RAWA, the Restoration of America’s Wire Act, is restoring unique chances of success after it was announced that the legislation that is lingering receive its second hearing in the House of Representatives on December 9.
Authored and introduced by Rep. Jason Chaffetz (R-Utah), RAWA (HR 707) would restore the Wire Act to prohibit contrary to the online transmitting of ‘any bet or wager, or information assisting in the placing of any bet or wager (thus making such prohibition applicable to any or all forms of gambling tasks, including online gambling).’
The Poker Players Alliance (PPA) was first to verify the scheduled hearing, saying the House Committee on Oversight and Government Reform will host the discussion.
‘Anti-Internet #poker congressman to hold RAWA hearing in his Committee on 12/09,’ the PPA tweeted. ‘Will need everyone to make their voice heard #nopokerban’
The debate between those in benefit and people against online gambling is a discussion that essentially involves the precise interpretation associated with Wire Act, a bill that is federal was passed back in 1961 well before the world wide web was commonplace.
In 2011, the Department of Justice released a controversial opinion on the Wire Act stating that the legislation only specifies sports betting but perhaps not other kinds of wagering like popular casino games.
That opened the floodgates for states to legalize online casinos, though the flood ended up being more of a drip as only three states have since decriminalized Web gambling.
What exactly does the Wire Act actually say?
‘Whoever being engaged in the business of betting or wagering knowingly uses a cable communication center for the transmission in interstate or foreign business of wagers or wagers or information assisting in the placing of wagers or wagers on any event that is sporting contest, or even for the transmission of a wire communication which entitles the recipient to receive money or credit due to bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined maybe not more than $10,000 or imprisoned not more than two years, or both.’
The question becomes, does the word ‘contest’ in the Wire Act constitute gambling games? How about poker, a casino game that is partially centered on skill?
The time that is last held a hearing on RAWA it didn’t go so well. Last March, a home Judiciary subcommittee listened to testimony from five witnesses, but just one or two had been even remotely against passing legislation that is anti-gambling.
The witnesses were grilled on the dangers and consequences of legalizing such an industry and were enticed to advocate the advantages of restoring the Wire Act for several hours.
Political observers noted the imbalance among the panelists, and little momentum was garnered from the hearing for Chaffetz. ‘My feeling is we walked as a possibly hearing that is really bad walked away with a lot of doubt about the bill,’ PPA Executive Director John Pappas said during the time.
Chaffetz recently campaigned to replace outgoing House Speaker John Boehner (R-Ohio) but conceded once Rep. Paul Ryan (R-Wisconsin) expressed interest. Now Chaffetz is time for his anti-gambling crusade.