Archive for August 24, 2013

2UP Gaming hoping to purchase casino in Atlantic City

It has been learned that 2Up Gaming is looking to purchase a land based casino in Atlantic City, New Jersey. The hope is that by doing so they will be able to gain a foot hold in the new gambling services that will be going live in the garden state before the end of the year.

New Jersey recently passed legislation that will allow online betting services within the state but only by those who operate a land casino within the state. Due to this new legislation many online betting companies are looking to form partnerships with those already in the state and several are looking to acquire casinos directly. 2Up has set aside over $300 million in order to attempt to purchase a casino.

It was Marino Sussich, 2Up’s CEO, who made the revelation. He stated that the company has put together an experienced team in order to acquire a deal. The most likely casino will be Atlantic Club as they are in the midst of facing bankruptcy. Atlantic Club had initially agreed to a deal with Rational Entertainment however due to Rational not adhering to the UIGEA laws within the U.S they were unable to obtain a license and therefore were unable to purchase the embattled casino.

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