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
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...