Industry analysts told the Press of Atlantic City that PokerStars could face an uphill battle as regulators look at the company's previous clash with US authorities. PokerStars was one of the three poker sites that was raided on what poker players refer to as "Black Friday" almost two years ago, settling with the Justice Department for $731 million. PokerStars' parent company, the Rational Group, also bought out its former competitor Full Tilt when the latter was revealed to be short on funds to pay players
The Atlantic Club. Source: Orbitz
The settlement cleared the way for PokerStars to re-enter the US market once online gambling is legalized. But with the purchase of a casino, PokerStars will operate physical poker tables in addition to blackjack, slots, and other games, in addition to a hotel and a fitness club. If PokerStars is allowed to buy the casino, the company will likely introduce online gambling as soon as it's legalized.
New Jersey regulators will want to tread lightly to ensure that granting PokerStars a license to operate in the state won't somehow violate the settlement or run afoul of federal law, which is still murky on the question of online gambling.
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