Home » CityBoom » Poker Stars In Talks To Buy Atlantic Club

Poker Stars In Talks To Buy Atlantic Club

By Chuckmonster on Thursday, 6th December 2012 5:24pm
tagged: atlantic club   acquisitions     comments: 0

    Add To Itinerary    

Wow... here's a shocker. PokerStars.com, the online poker website known for skirting U.S. laws against online gambling, has entered in talks with Colony Capital to purchase the Atlantic Club.

The Wall Street Journal is reporting that the proposed price is "less than $50 million."

The price seems a little high considering Landry's paid $38m for the much nicer and better located Trump Marina (now the Golden Nugget).

But what will Poker Stars do with a land based casino that experienced casino operators can't? Nothing.

This is a non-starter. Even if Poker Stars buys it and it gets approved by the CCC, they'll have no idea how to run the joint.






Comments & Discussion:


» No Guts, No Glory... Be The First to Post

Leave a Comment:

Welcome back ! » Profile Settings Faves

Comments are currently closed on CityBoom.
Subscribe via RSS








Recent Comments:

bat55w posted: "I have doubts this will happen based upon the idiots that run Philly, but if it does I will be..."
» Wynn Eyeballs Philly Again...
weatherman2111 posted: "Having gotten lost down there a couple of times it's a surprisign pain in the ass to get back onto..."
» Wynn Eyeballs Philly Again...
mstokes posted: "As if Atlantic City isn't in bad shape as is. Putting a Wynn casino so close won't be helping any...."
» Wynn Eyeballs Philly Again...
bgriffiths posted: "It could be a nice area, there. Yards brewing is a little south of Sugar House - they have a..."
» Wynn Eyeballs Philly Again...
bat55w posted: "I like Tony Luke's better than the touristy spots on the south side of philly(Pat's and Geno's). I do..."
» ACEats: Tony Luke's At Borgata...