Recommended online casinos

sodawater
sodawater
sodawater
  • Threads: 64
  • Posts: 3321
Joined: May 14, 2012
January 16th, 2013 at 12:26:13 AM permalink
This should be interesting. Guess they are optimistic about legal online poker and/or sports in Jersey.

I hope they change the name to Pokerstars Casino because that would be cool.

http://www.pressofatlanticcity.com/news/breaking/online-gambling-giant-moves-to-purchase-atlantic-club-casino-in/article_fe7a7a5c-5f62-11e2-b907-001a4bcf887a.html
FleaStiff
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
January 16th, 2013 at 1:50:42 AM permalink
Of particular note:
The Atlantic Club has been owned since 2005 by Resorts International Holdings, an affiliate of the California-based private real-estate investment firm Colony Capital LLC.

Rational Group is expected to pay only a fraction of what Colony shelled out for the Atlantic Club, formerly called the Atlantic City Hilton Casino Resort. The then-Hilton was valued at $513 million when it was acquired by Colony in 2005 as part of a $1.24 billion deal for four casinos in New Jersey, Mississippi and Indiana.

Colony bought the Hilton close to the peak of the Atlantic City market, a year before casino gambling began in Pennsylvania. Since then, the sluggish economy and stiff competition from Pennsylvania have driven down Atlantic City’s gambling revenue more than 40 percent, from $5.2 billion in 2006 to $3 billion in 2012.
Pokeraddict
Pokeraddict
Pokeraddict
  • Threads: 36
  • Posts: 786
Joined: Feb 21, 2012
January 16th, 2013 at 3:06:22 AM permalink
They have not bought it, the deal is contingent upon getting approved for a gaming license. It is not a sure thing.
1BB
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
January 16th, 2013 at 4:52:11 AM permalink
Golden Nugget, Bally's, Hilton. The soap opera down beach continues.

I just hope they keep that catchy slogan: "A casino for the rest of us."
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
FleaStiff
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
January 16th, 2013 at 4:56:11 AM permalink
Its a done deal, the regulators are too desperate to interfere with it in any way. There is no one else waiting in the wings to rescue anybody in town so there will be no regulatory problems. Interim management will be approved. Successor executives will be approved.
vendman1
vendman1
vendman1
  • Threads: 9
  • Posts: 1034
Joined: Mar 12, 2012
January 16th, 2013 at 5:15:54 AM permalink
I suspect Flea is right. Don't see how the regulators are in any position to be picky about who runs/owns any property in town. They should just be happy anyone is interested at all.
Boz
Boz
Boz
  • Threads: 155
  • Posts: 5701
Joined: Sep 22, 2011
January 16th, 2013 at 5:50:47 AM permalink
If I put an over/under of $50 Million on the purchase price, which way would you bet?
SanchoPanza
SanchoPanza
SanchoPanza
  • Threads: 34
  • Posts: 3502
Joined: May 10, 2010
January 16th, 2013 at 6:18:35 AM permalink
Quote: vendman1

Don't see how the regulators are in any position to be picky about who runs/owns any property in town.


You mean not like the good ole days, when the state could tell big boys like Hilton and MGM to bugger off?
Mission146
Mission146
Mission146
  • Threads: 142
  • Posts: 16832
Joined: May 15, 2012
January 16th, 2013 at 11:19:13 AM permalink
Quote: Boz

If I put an over/under of $50 Million on the purchase price, which way would you bet?



No action, but I would take the OVER, though not by much.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Buzzard
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
January 16th, 2013 at 11:21:46 AM permalink
Quote: SanchoPanza

You mean not like the good ole days, when the state could tell big boys like Hilton and MGM to bugger off?



Ah, the good old days. When Merv could charge $10 to get into Resorts,. And there was a line of chumps waiting to get in. SIGH
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
January 16th, 2013 at 11:22:26 AM permalink
Quote: Mission146

No action, but I would take the OVER, though not by much.



In that case, Mister Random will take the under !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
RSS Feed
  • Jump to: