PokerStars settled a case alleging money laundering, bank fraud and illegal gambling last year. Although the company admitted no wrongdoing, it paid $547 million to the U.S. Justice Department and $184 million to overseas poker players.
On Wednesday, the New Jersey Casino Control Commission will decide whether to let the AGA participate in PokerStars' licensing hearing.
The Atlantic Club has been struggling for years, having nearly shut its doors for good two years ago. If PokerStars succeeds in its attempt to purchase the casino, it would mark the first time a solely-online gambling company owned an American casino.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.
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