Welcome!

News Feed Item

Ifrah Law's Jeff Ifrah Advises No Poker Market Is Possible Without PokerStars

WASHINGTON, DC -- (Marketwired) -- 06/25/14 -- Last week the Wall Street Journal reported on plans by Amaya Gaming Group Inc., a Montreal-based producer of gaming machines and systems, to buy PokerStars, the largest online poker operator in the world. According to the Wall Street Journal, Amaya Gaming will be paying $4.9 billion to take over privately held Oldford Group Ltd., parent company of Rational Group Ltd. that owns the PokerStars and Full Tilt Poker.

Online gambling proponents hope that having PokerStars back in the game will mean an upswing for the industry in the U.S., which has been unexpectedly slow despite the legalization in the states of Nevada, Delaware and New Jersey. According to analysts, New Jersey has only generated between $130 million and $150 million last year, considerably less than what experts had expected. Part of the problem could be the fact that some leading banks in the United States are hesitant to let their customers use credit cards for online games, fearing regulatory risks. Another issue, in the opinion of iGaming experts, is the absence of PokerStars on the market. "You can't create a market without PokerStars, period," Jeff Ifrah, a litigator, who regularly represents PokerStars, told the Wall Street Journal.

Other experts and attorneys assess the situation more gloomily and expect that PokerStars, regardless of the change of ownership, will have to fight some battles before it can secure approvals, which will allow them to re-enter the market in the United States. On top of that, commercial giants are lobbying for strict "bad actor" provisions in the proposed legislation in an attempt to prevent their rival from coming back into the game. Jeff Ifrah is not too concerned about this development though: "They're going to now have an uphill battle with that argument. There is no taint to these assets and there is no legal basis to keep PokerStars out of the US market," Ifrah says.

Jeff Ifrah is the founding member of Ifrah PLLC, a law firm specializing in iGaming, headquartered in Washington, D.C. with offices in MD, VA and Atlantic City. Together with his team of renowned attorneys at Ifrah Law, he represents many major iGaming companies and industry associations in the world, amongst them online poker sites PokerStars and Full Tilt Poker, as well as the Interactive Gaming Council, a non-profit organization that represents iGaming companies across countries all over the globe. Two characteristics uniquely qualify Ifrah Law to represent iGaming companies: Substantial experience in both criminal defense and civil litigation and knowledge of the industry and the people who work in it. Through the representation of online gaming businesses over a number of years, they have acquired an in-depth understanding of the industry. That understanding is the key to their ability to craft solutions that meet their clients' goals. Jeff was named to the Gaming Intelligence Magazine Hot 50 List. He serves on the editorial board of the World Online Gambling Report and is a member of the International Masters of Gaming Law.

Jeff Ifrah Law: http://www.jeffifrahlaw.com

Facebook: http://www.facebook.com/jeff.ifrah

Twitter: http://www.twitter.com/jifrah

Embedded Video Available

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2626490
Embedded Video Available: http://www2.marketwire.com/mw/frame_mw?attachid=2626493

Contact Information
PR Agency Contact:
ICMediaDirect.com
TEL: 1.800.595.0821
www.ICMediaDirect.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...