PokerStars Looking to Buy Atlantic Club Casino in Atlantic City

Written by :

Aaron Goldstein

Published on :

6 December, 2012

The Wall Street Journal was reporting Thursday evening that the world’s largest real money online poker room, PokerStars, was looking at potentially buying an Atlantic City casino in anticipation of Internet gambling becoming legalized in New Jersey.

The property of interest is the Atlantic Club Casino, which Stars hopes to acquire from investment group Colony Capital. The casino reportedly took in just shy of $110 million in the past year.

A bill to legalize online gambling in the Garden State could become law as early as the end of this month (December 2012).

PokerStars was forced to leave the US market following an extensive money laundering probe that culminated in indictments in April of last year. Stars has since settled with the US Justice Department though the company’s founder still remains at large.

- Aaron Goldstein, Gambling911.com

Advertisement: Learn more about Camasino.com’s proprietary webcam online poker platform. Play online poker for FREE or REAL MONEY (where applicable)

Maryland Man Under 24-Hour Home Confinement After Threatening PrizePicks Execs Over $50

"if my $50 doesn’t end up back in my bank account before 5pm today, I’m going to drive down to Atlanta, Georgia and kill everyone in the PrizePicks office,” Aaron John Sasser wrote

William Hill UK Owner Evoke Weighs $304 Million Takeover Bid From Bally's Intralot

Betting group Evoke (EVOK.L), opens new tab, owner of William Hill UK and 888, is evaluating a takeover proposal from Greek lottery and gaming firm Bally's Intralot (BYLOTr.AT), it said on Monday, valuing the debt-laden UK company at 225.3 million pounds ($303.88 million).

Fanduel Begins Offering Injury Protection Insurance

FanDuel becomes first book to offer the full game injury insurance but some experts in the field suggest it is predatory.

Sacramento Casino Pays Gambler $142,327 on a $5 Side Bet

German Rangel won the life-changing jackpot while playing Bonus Spin Xtreme Triple Diamond Progressive near the end of his visit to the Elk Grove casino on April 11, the casino said in a Friday news release.