PokerStars in Talks to Buy Atlantic City Casino
According to a report in the Wall Street Journal yesterday, PokerStars is currently in negotiations to buy The Atlantic Club Hotel casino in Atlantic City, New Jersey.
The rumored purchased price is around $50 million for the struggling brick-and-mortar casino.
The acquisition of a land-based casino in New Jersey would put PokerStars back on the inside track for offering online poker to New Jersey residents should the state's current push for an online poker bill go through.
Given PokerStars' recent deal with the US Department of Justice, should legislation be passed it would be eligible to apply for a real-money online poker license in the state.
An online poker bill is currently on the table in the New Jersey House and Senate with a vote expected to take place before the New Year.
The Atlantic Club was built by Steve Wynn in the early 80s and was called the Golden Nugget.
It has since changed hands and names several times before being rebranded as the Atlantic Club this year.
PokerStars also has a share in the Hippodrome Casino in London and plans to open a PokerStars-branded poker room there in 2013.
You May Also Like
It’s taken years longer than expected but it appears tens of thousands of U.S. Full Tilt Poker players are finally within breathing distance of getting...
22 January 2014
PokerListings.com received a nod from the 2014 iGaming Affiliate Awards in the category of Best Poker Affiliate, along with ten other top online poker...
09 December 2013
Sen. Ray Lesniak will introduce a bill on Thurday that would allow licensed operators in New Jersey to offer wagers to any countries where online...
20 November 2013
Almost three years to the day their accounts were frozen and bankrolls seized American Full Tilt Poker players now know when to expect the money...
18 November 2013