ATLANTIC CITY, NJ-The American Gaming Association has officially filed vigorous objection with New Jersey gaming officials to the proposed purchase of the Atlantic Club casino by the company that owns the online betting operation PokerStars.
The Washington, D.C. group says the integrity of the entire gaming industry would be "gravely compromised" if the Rational Group is allowed to proceed with the acquisition, according to a story in NJBiz.com.
"For many years, the PokerStars individuals and entities operated a business with a history of intentional, uninterrupted criminal violations," says a brief filed by the group with the Division of Gaming Enforcement and the Casino Control Commission. "They cannot demonstrate the good character, integrity and honesty required by New Jersey law."
In 2011, Poker Stars and a rival company called Full Tilt were both charged by The U.S. Justice Department with operating illegal gambling sites, bank fraud and money laundering. Last year, PokerStars reached a settlement with the Justice Department under which it paid more than $700 million to take over Full Tilt and close the case.
This is the first time the 18-year-old gaming association has intervened in a licensing proceeding.
See story in NJBiz.com
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