New Jersey Denies Company's Online Poker License

PokerStars' ambitions to re-enter the U.S. market suffered a major setback when New Jersey gambling regulators, citing the company's legal woes, said that it would not receive a license to operate online poker in the state for at least two years. Over the past few years, Isle of Man-based PokerStars has spent millions on lobbying, acquisition and partnership deals in anticipation of trying to come back to the U.S., where a handful of states are preparing to allow online gambling.