While numerous former PokerStars and Full Tilt employees are on their way out, Rafi Ashkenazi is on his way in because the new CEO for the Rational Group.
The Rational Group has named Rafi Ashkenazi its new executive that is chief to oversee the PokerStars and Full Tilt internet poker brands as parent company Amaya guides the systems into its next chapter operating in the United States.
New Jersey’s Division of Gaming Enforcement (DGE) took numerous months to investigate whether Amaya’s certification application included the merit the state needed for approval.
The DGE ultimately ratified the request but with a group of stipulations including first and foremost that Rational and PokerStars must sever ties and all sorts of employment with people identified by the DGE as having neglected to establish ‘good character, honesty and integrity.’
Ashkenazi served as the COO of Playtech before joining Rational in 2013 and being promoted to senior vice president of technique for Amaya in April of this season.
‘I anticipate re-joining the excellent team at Rational Group,’ Ashkenazi said in a press release. ‘We have great opportunities in the not too distant future with our upcoming launch in New Jersey, the expansion of our casino and sports-betting businesses and our objective to cultivate the poker category.’
Even though the Garden State’s DGE didn’t specifically name which former or current employees failed to meet their ethical minimums, it was largely suspected that it included Director of Operations Israel Rosenthal, General Manager Serge Bourenkov, Chief tech Officer Charles Fabian, and Rational Group Interim CEO Michael Hazel.
Ashkenazi submitted up to a sworn interview with DGE officials, and also the agency found no wrongdoings or ethical discrepancies during his time working with Rational or Amaya.
Amaya CEO praised their job performance, saying Rafi is ‘working very closely in 2010 with our executive management team’ and it is an ‘ideal frontrunner for the Rational Group.’
Hazel’s exit seems to verify the DGE told Amaya to dissolve the executive to their relationship, but Rational also confirmed that Rosenthal will stay on in their role and are accountable to Ashkenazi.
New Jersey’s thorough enquiry into PokerStars and Comprehensive Tilt’s corporate governance since being obtained for $4.9 billion by Amaya in of 2014 predominantly came down to determining the moral standards of the group’s new leaders june.
The poker companies were labeled ‘bad actors’ by the government that is federal continuing to run in the usa following passage of this Unlawful Internet Gambling Enforcement Act of 2006.
After the seizing of their assets on 15, 2011, it was largely assumed PokerStars’ days in America had been forever folded april.
America loves a good comeback, and a second chance is precisely just what New Jersey has afforded the world’s most online poker network that is robust.
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 smart to hire from outside simply to gain most of the favor he can with state and regulators that are federal.
But the 2015 PokerStars is not any longer the PokerStars that the Scheinbergs founded back in 2011.
It’s now under Baazov’s leadership, a 35-year-young ceo that apparently has nothing to conceal.
It’s WSOP November Nine Fever Time as Final Table Kicks off (nearly) Live on ESPN This Sunday
The 2015 November Nine form a cast of colorful characters because of this year’s final playdown freeslotsnodownload-ca.com. Play will resume on November 8th as six Americans, a Belgian, an Israeli, and an Italian vie for poker’s glory that is greatest. (Image: WSOP.com)
The WSOP November Nine are ready to rumble for one of the greatest prizes around if you prefer money. Yup, the table that is final of 46th Annual World Series of Poker will play down on ESPN beginning this Sunday.
The final nine players are back to do battle for the $7,680,021 top prize and a place in the annals of poker history after almost four months’ hiatus.
A total of 6,420 players set up the $10,000 buy-in summer that is last each dreaming of winning the big one. And after seven times play there were simply nine left, each now already a millionaire, with a guaranteed minimum payday that is ninth-place of1,001,020.
But ultimately there can be only one champion. Might it be chip leader Joe McKeehen, a 24-year-old pro poker player from North Wales, Pennsylvania? Having a whopping 158 big blinds to play with, McKeehen would be the guy 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 a top-tier event? The toy that is former renounced poker for some of his adult life before a near-death experience convinced him to check out his dreams once again. Sitting in 4th spot, Neuville has 53 blinds that are big a shot at the title.
Therefore too does well-known pro Max Steinberg, whom parlayed a $27 DraftKings deposit into a seat at the table that is final a chance to win the big one. Steinberg may be the November that is only niner 12 months having a WSOP bracelet, which he picked up in 2012.
The remaining six players comprise four Americans, an Israeli, and an Italian in Federico Butteroni, who, because the brief stack coming in on Sunday with only 15 big blinds, would be clinging on by your skin of his teeth.
Where to Watch the November Nine
Cards go in the atmosphere at 5 pm PST on Sunday, November 8th at the Penn & Teller Theater into the Rio Casino in Las Vegas. The ESPN broadcast is operating on a time that is 30-minute, for a 5.30 pm PST kick down. This means that, as was the case for the past few years, players should be able to review previous action during beaks, gap cards and all.
The players are back minus three on . Finally, the past two players standing will meet up once more on at 5.30pm on for the heads-up finale and the crowning of the champion tuesday.
On Sunday, 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. 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 its own chances of success after it was established that the lingering legislation would get 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 against 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 all or any kinds of gambling activities, including Internet 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 those against online gambling is a conversation that essentially involves the precise interpretation regarding the Wire Act, a bill that is federal was passed straight back in 1961 a long time before the world wide web was commonplace.
In 2011, the Department of Justice released a controversial opinion on the Wire Act saying that the legislation only specifies activities betting but maybe not other types of wagering like popular casino games.
That opened the floodgates for states to legalize online casinos, although the flood was more of a drip as only three states have since decriminalized online gambling.
What exactly does the Wire Act actually say?
‘Whoever being engaged in the company of betting or wagering knowingly uses a cable communication center for the transmission in interstate or foreign commerce of bets or bets or information assisting within the placing of bets or bets on any event that is sporting contest, or even for the transmission of a cable communication which entitles the recipient to get money or credit as a result of bets or wagers, or for information assisting in the placing of bets or bets, shall be fined maybe not more than $10,000 or imprisoned only two years, or both.’
The question becomes, does the word ‘contest’ in the Wire Act constitute gambling games? What about poker, a game title that is partially based on skill?
The last time Chaffetz held a hearing on RAWA it don’t go so well. Last March, a home Judiciary subcommittee paid attention to testimony from five witnesses, but only 1 or two were even remotely against passing anti-gambling legislation.
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 right into a potentially hearing that is really bad walked away with a lot of skepticism about the bill,’ PPA Executive Director John Pappas said during the time.
Chaffetz recently campaigned to replace House that is outgoing Speaker Boehner (R-Ohio) but conceded once Rep. Paul Ryan (R-Wisconsin) expressed interest. Now Chaffetz is time for his anti-gambling crusade.