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Pokerstars Buying Atlantic City Land Casino
12/07/2012 : POKERSTARS INTERESTED IN ACQUIRING ATLANTIC CITY LAND CASINO?
Wall Street Journal report suggests that online poker giant has targeted Atlantic Club
The venerable business publication The Wall Street Journal set the news wires afire late Thursday with a report that the Isle of Man-based online poker giant Pokerstars is discussing the acquisition of an Atlantic City land casino - the Atlantic Club- - with owners Colony Capital LLC.
The major wire services pounced on the story, reporting that last year Atlantic Club managed revenues of $110 million.
The Wall Street piece cites several unidentified sources close to the deal as saying that the purchase price being negotiated would be less than $50 million, but cautioned that the deal was still weeks away from closing and could fall through.
None of the parties involved was prepared to comment when approached by various news organisations.
Reuters reports suggested that the Pokerstars interest may have been spurred by moves in New Jersey to legalise online gambling provided the servers were located within AC licensed land casinos.
Earlier this week New Jersey State Senator Ray Lesniak predicted that New Jersey could pass legalising legislation before the end of the year.
Earlier this year Pokerstars has cleared its legal slate with the US Department of Justice in an expensive settlement that involved the acquisition of Full Tilt Poker.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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