Topic: PokerStars fined $10,000 (Read 306 times)

If you know some gambling site that gives a $10,000 fine then put it here but so far that was the highest fine I've ever seen in the gambling casino history. They may pay that fines but i think there is a certain day that their sites will have to stop from an operation. So it's still a bad time for them since they were punished.

I don't think that is the highest sports betting, and I am sure that they get more than that and that amount is not too big for them and they can easily to give that money
The gambling industry is using huge money, and we know that there is much big company can earn more than that amount.

This sounds more like a notification that the legal department have send. If they wanted to hurt them, they could, as this is not as serious crime (and easily fixable) in their opinion but they wanted to be heard.

It's been edited already, eternalgloom.

Anything that's illegal is news-worthy, btw, hence that news article.

We should not focus at the amount of the fine, but it is more about the mistake made by PokerStars. It is very unprofessional behavior for such a big company like PokerStars, I'm just wondering why they did it.

I agree. No matter how much they were fined, what's illegal is illegal. You know what PokerStars said when they were asked why it happened? They said it was just a technological mishap. Nothing like that could ever be believed as a mere accident. I think it was all intentional.

I agree. No matter how much they were fined, what's illegal is illegal. You know what PokerStars said when they were asked why it happened? They said it was just a technological mishap. Nothing like that could ever be believed as a mere accident. I think it was all intentional.

That's also my view, the fine is like advertising for the company, but it has a disadvantage too like they will have a bad record to the authorities in their area, it will just make pokerstar even more popular but if the case is all about cheating their players, now that's a different and big story.

Thanks for sharing this detailed information. What can I say? I am sure such popular sports betting websites have enough money to spend on good lawyers. They should have known bets in college sports are against the law. And while $10k sounds like a lot of money, it's probably close to nothing in comparison with the site's revenue.
It also seems from this story that it's not the biggest fine that was issued in New Jersey, contrary to what the op says.

Do a $10.000 fine really means anything for a huge betting company like PokerStars. This fine cut turns out to be a good commercial for PokerStars where they reach customers they usually wouldn't reach!

I agree. No matter how much they were fined, what's illegal is illegal. You know what PokerStars said when they were asked why it happened? They said it was just a technological mishap. Nothing like that could ever be believed as a mere accident. I think it was all intentional.

This situation will happen again and again. Not only for PokerStars but for small time poker companies. Money is the trigger why they go against the law. And if the law caught them, then it's a bad day for them but if not, betting goes on.  Paying that amount is easy peasy as they can always get that money fast.

The whole story.

"The New Jersey Division of Gaming Enforcement (NJDGE) has fined PokerStars operator The Stars Group $10,000 (£7,690/€8,890) for accepting bets on basketball games featuring teams from two colleges in the state.

PokersStars processed a total of 216 bets on the game between New Jersey’s Rutgers University Scarlett Knights and the Eastern Michigan University Eagles in November of last year. In total, wagers on the game amounted to $2,657.89.

PokerStars, owned and operated by The Stars Group, also took a single wager on the game between New Jersey’s Monmouth University Hawks and the University of Pennsylvania Quakers in January of this year. The NJDGE did not disclose the value of this bet. However, New Jersey's gambling regulations prohibit licensees from offering bets on sports involving teams from colleges or universities located in the state.

PokerStars has acknowledged that it was in breach of state law and has refunded all of the bets that were placed in New Jersey on both games. The operator has also accepted the fine of $10,000 as issued by the NJDGE.

PokerStars is the latest licensed operator to face a fine for breaching gambling laws in New Jersey. Last month, GVC Holdings-owned bwin.party was fined $81,000 for allowing self-excluded players to gamble via its online platform in the state.

In January, Rush Street Interactive was also fined $30,000 for allowing minors to access its igaming services, becoming the first operator to face a punishment for this offence in New Jersey."

https://www.igamingbusiness.com/news/pokerstars-fined-over-college-betting-new-jersey

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It suits them well since they make a bet on a college basketball event and they know that it is prohibited in their state. This is a common mistake of each and every casino and sportsbook out there and yet they blindly forget about the law just to make some money.

I was just thinking how silly that is, typical government giving a fixed sum penalty.    This favours the largest entities over the smallest.   What really hurts and would scale for their operations is to miss a day of business out of the month.   Thats really going to sting for them and be alot more then 10,000 I imagine

This irritates me especially because every time I see a court fine handed out it reminds me of the time I got fined about a months income.   In nominal terms I was just slightly off the same figure they fine a national sports person for when they get reported for a fine in court.   They are supposed to adjust for personal circumstances but they do not.    Applies to taxes quite often also, the richest pay the least in percentage terms

I don't think that is the highest sports betting, and I am sure that they get more than that and that amount is not too big for them and they can easily to give that money
The gambling industry is using huge money, and we know that there is much big company can earn more than that amount.

Such a non-newsworthy item, looks like this particular news website is just publishing shit articles to bump up their statistics.
I mean they can't even spell Pokerstars right in their title... It says Porkerstars

I'd be embarrassed if I were the writer of an article like this.

Do a $10.000 fine really means anything for a huge betting company like PokerStars. This fine cut turns out to be a good commercial for PokerStars where they reach customers they usually wouldn't reach!

You called this the highest sports betting fine? Is $10,000  that big for the largest poker website in the world? I guess they can afford to pay, as they probably making way more than this on  a daily basis.