PokerStars Looking to Buy Atlantic Club Casino in Atlantic City
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
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