WSJ: PokerStars Looking Into Buying Atlantic City Casino

New York based financial newspaper The Wall Street Journal reported on Thursday that online poker firm PokerStars is reportedly interested in purchasing the Atlantic Club casino in Atlantic City.

The report claims that any potential deal is still weeks away at a minimum and are quite tenuous. The Atlantic Club generated revenues of $110 million last year, but is reportedly fetching an asking price of just shy of $50 million.

No officials from any of the organizations named in the report would comment on the matter.

The move to purchase a land casino could have been spurred by New Jersey's attempts to legalize all forms of online gambling as long as the servers were based in licensed Atlantic City casinos.

The online poker giant has worked hard this past year in attempts to make it look legitimate in the eyes of the U.S. government. Earlier this year the firm cleared its name with the U.S. Department of Justice by paying a large financial penalty to the government, acquiring former poker giant Full Tilt Poker in the process.

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