PokerStars May Purchase Atlantic City Casino in New Jersey

PokerStars May Purchase Atlantic City Casino in New Jersey December 10, 2012 December 12, 2012 Tim Glocks
Posted on  Dec 10, 2012 | Updated on  Dec 12, 2012 by Tim Glocks

atlantic cityNews reports regarding the possibilities of PokerStars making a purchase of Atlantic City casino are circulating the industry.

If the poker site went in to make the purchase it would create a powerful position for PokerStars to enter the US market.

Currently, PokerStars is allegedly looking into buying the Atlantic City casino which will allow it to have a brick and mortar presence in the industry.

Senator Ray Lesniak, from the D-Union commented on the possible prospects for Atlantic City casinos saying,

New investment in Atlantic City is good for New Jersey…It is great to see a modern, global company like PokerStars interested in investing in our state and teaming up with one of the iconic Boardwalk casinos, The Atlantic Club…These kinds of opportunities can be transformative and provide more proof that New Jersey – not Nevada – can be the hub for a new wave of growth in the gambling industry…PokerStars is the biggest company in online poker, and we should welcome them bringing their American headquarters to New Jersey.

PokerStars has already managed to gain favour in the state of New Jersey and is seen as a welcome presence in the state on account f the revenue they are sure to generate once settled. PokerStars also is also at the forefront in terms of picking up online player traffic.

Jeff Ifrah, an attorney for PokerStars, discussed the growth of the poker enterprise in the state of New Jersey. “Those provisions clearly permit PokerStars to offer real-money play under a licensed regulatory scheme provided by a state and participate in New Jersey,” he said.

Lisa Spengler, representing the New Jersey Division of Gaming Enforcement stated,

If a deal is reached and application made by any persons expressing interest in the Atlantic City market and its related activities, a rigorous investigation of any company and all principals will be conducted.

However, she did not comment on whether the poker company of PokerStars had plans for a particular casino.

PokerStars has good prospects in the state of New Jersey and the purchase of Atlantic City casino would easily allow PokerStars to have no legal hurdles once the US online poker law is set into place. This would mean that US online real money poker players will be able to access their favourite online poker games once again on PokerStars, However, as the other states have not yet allowed for online poker nor entered into any agreement with the poker company, it will possibly only be available to players in the US.

Tim GlocksAuthor

Tim Glocks is a retired professor, he currently contributes to Tim enjoys playing poker and has taken it up as a hobby since his retirement. He has taken part in many online tournaments and has become a veteran in a short space of time. Visit Tim’s google + page here