British online gaming firm 2UP Gaming plc has announced that it will attempt to acquire an Atlantic City casino in order to offer internet betting services in the Garden State.
2UP made the announcement, stating that it has the financial backing of an Asian investment group to attempt the acquisition. The group reportedly has up to $330 million to invest in such a casino.
The revelation came from the firm's CEO Marino Sussich, who said that a team has been put together to attempt to acquire such a deal. Industry analysts believe that one of the casinos most likely to be acquired by 2UP is the Atlantic Club, a casino that had previously agreed to a deal with internet poker giant The Rational Group which went sour once the PokerStars owner failed to gain a New Jersey gaming license.
The Atlantic Club is near bankruptcy, and desperate to find a deal that would bail out the property's shareholders. Any such acquisition would need to be completed in short order, as the state has issued a November 29th deadline to get applications into the state gaming regulator.