PokerStars Shows Interest in Purchasing Atlantic City Hilton
Recent reports in the online gambling industry have claimed that PokerStars - one of the premier poker destinations on the internet - has shown an interest in buying Atlantic City Hilton, a bricks and mortar casino in Atlantic City, New Jersey. The casino is currently owned by Colonial Capital and it is believed that it might sell for under $50 million.
Due to the state's struggling economy, as well as the damage caused by flooding from Hurricane Sandy, Atlantic City casinos haven't been fairing too well. As a result, some owners of these gambling establishments are considering selling.
According to reports, whether or not a deal is made between the two gambling operators heavily depends on if online gambling is legalized in New Jersey. This is a subject of much debate in the state, as a bill may soon be passed to legalize online betting. PokerStars hopes that with the passing of the bill they'll have a legal way to bring online poker to New Jersey.
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PokerStars Shows Interest in Purchasing Atlantic City Hilton
PokerStars could be the next owner of the New Jersey land based casino, Atlantic Casino Hilton. Reports suggest the online poker giant may buy the casino.
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