PokerStars' parent company in New Jersey is poised to spend big money

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Bookmaker
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PokerStars' parent company in New Jersey is poised to spend big money

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The chief operating officer of Atlantic Club's casino and hotel in Atlantic City has revealed that online game operator Rational Group America Group is preparing to spend more than $40 million over the next five years in order to make the property a representative of PokerStars brand.

Reasonable Group also owns the FullTilt poker brand and filed an application with the New Jersey Department of Gaming Enforcement in January to purchase the U.S. Brick and mortar casino, from the current owner Resort International Group, a subsidiary of Los Angeles-based hedge fund Colonial Capital Inc.

In an interview with reporters from today's New Jersey TV show, Michael Frauley revealed that the initial deal will see the Rational team spend about $20 million in the first year, in order to put the "more profitable" business on a troubled venue.

"Right now, we're not a money-making casino," said Flower.

"With PokerStars and internet games and capital investment, which is ready to be made on the property, we expect to be profitable above."

Flowery also noted that Rational Group plans to invest in other parts of New Jersey, despite opposition from the American Gaming Association's (AGA) lobby.

"I know that there are plans to invest in the state elsewhere," said Frowley.

"We also intend to build a data center property, which is a very significant property investment."
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