Poker Stars Looking To Purchase Atlantic City, NJ Casino

Last Updated on

It looks as though online poker giant Poker Stars is looking to branch out into land-based poker as well, with the revelation made in The Wall Street Journal last Thursday, December 6, 2012 that the site recently lauded for buying out beleagured former rival Full Tilt Poker and bailing out its debt with players worldwide is now about to make another big purchase in the form of a brick and mortar casino in none other than Atlantic City, New Jersey.

The state of New Jersey has been in the headlines a great deal, of late, with its nearly successful attempts at landmark passage of legal intrastate online poker. It’s widely viewed now that the success of one of these attempts is imminent.

So which Atlantic City casino is Poker Stars in the process of negotiating a deal to buy? How about the Atlantic City Hilton, aka The Atlantic Club Hotel-Casino, formerly known as the Golden Nugget. The estimated cost? Only $50 million. The sellers? Colony Capital.

In its deal with the DOJ, Poker Stars has agreed to pay $731 million to the U.S. government to settle a 9-count federal indictment. New Jersey’s gaming licensing regulations are notoriously strict. So it remains unclear whether Poker Stars’ recent settlement with the United States Department of Justice regarding the Black Friday seizures of April 2011 would affect the company’s ability to secure a gaming license from the state of New Jersey to operate that casino.

Cake Poker Holds $100K Gold Fest Tournament Series

Last Updated on

Cake Poker will soon be holding a Gold Fest Tournament Series with a $100K guaranteed prize pool.

The Cake Poker Gold Fest Tournament Series gives players the chance to turn their Gold Cards into cold hard cash. The series is comprised of 5 events in all, all of which have no cash buy-ins but rather Gold Card buy-ins instead.

Event 1: Sunday, October 7 at 7 pm GMT, 2 pm EST, 11 am PST for a $20,000 prize pool

Event 2: Sunday, October 14 at 7 pm GMT, 2 pm EST, 11 am PST for a $20,000 prize pool

Event 3: Sunday, October 21 at 7 pm GMT, 2 pm EST, 11 am PST for a $20,000 prize pool

Event 4: Sunday, October 28 at 7 pm GMT, 2 pm EST, 11 am PST for a $20,000 prize pool

Event 5: Sunday, November 4 at 7 pm GMT, 2 pm EST, 11 am PST for a $20,000 prize pool

Satellites into these tournaments begin on Friday, September 28 with over 100 seats awarded each day across 16 daily satellite events: two each at 1 am, 3 am, 5 am, 1 pm, 4 pm, 7 pm, 9 pm, and 11 pm GMT, with 7 tournament tickets to be won at each such satellite. One of each of the two satellites running concurrently will have a buy-in of a Gold Card from any series while the other will have the same Gold Card as its buy-in, except only from series’ 6 through 11.