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Talking exclusively to PokerNews.com, Atlantic Club Hotel and Casino COO Michael Frawley claims that Caesar’s and the American Gaming Association have an “agenda” in their efforts to try and prevent PokerStars from taking over the property.
The American Gaming Association requested that New Jersey’s Gambling Commission reconsider allowing Stars to acquire the struggling Atlantic City hotel and casino. The AGA went as far as to suggest that Stars was a criminal enterprise.
Frawley insists the world’s largest real money online poker company will help turn the property – and perhaps even Atlantic City – around.
“I’m very pleased with the things I’m hearing from PokerStars. I think that if you look at more capital investment, the more the casinos are profitable, the more capital investment they’ll make, the more people are apt to come, the more we’re able to build our properties up to where we want them to be.”
PokerStars is expected to invest some $20 million into the property the first year alone with that number climbing to over $40 million during the next five years.
- Aaron Goldstein, Gambling911.com
