PokerStars AC Bid Sparks Brawl With Older Casinos
A bid by the world’s largest online poker website to buy an Atlantic City casino is touching off a battle with brick-and-mortar casinos.
The parent company of PokerStars is buying The Atlantic Club.
But The American Gaming Association, representing traditional casinos nationwide, is urging New Jersey regulators to reject the bid, claiming PokerStars “was operated as a criminal enterprise.”
The company agreed last year to pay $547 million to the U.S. Justice Department and $184 million to poker players overseas to settle a case alleging money laundering, bank fraud and illegal gambling. It admitted no wrongdoing, and says it is in good standing with governments around the world.
The New Jersey Casino Control Commission on Wednesday will consider whether to let the gaming association participate in PokerStars’ licensing hearing.
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