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Pokerstars' Parent Company to Buy Casino

Posted: Jan. 28th, 2013  |  By Michael Pearse

From cyber space to the real world, an Internet gambling company wants to purchase the Atlantic Club casino resort. Pokerstars and Full Tilt Poker are asking New Jersey regulators to purchase the casino. New Jersey also recently passed a bill that allows Internet gambling for those who don't want to leave the comfort of their home.

ATLANTIC CITY, N.J. -- An Internet gambling company wants to buy Atlantic City, N.J.'s Atlantic Club casino and says it's ready to pump money into it to help prop up the seaside gambling resort.

Rational Group US Holdings is the parent company of PokerStars and Full Tilt Poker. It's asking New Jersey casino regulators for permission to buy the Atlantic Club for an undisclosed amount.

The proposed deal will be scrutinized closely.

New Jersey lawmakers have passed a bill that would authorize Internet gambling, but Republican Gov. Chris Christie hasn't acted on it.

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