Online Gambling Co. Wants To Set Up Shop In Atlantic City

Law360, New York (July 26, 2013, 8:29 PM ET) -- 2UP Gaming PLC, a London-based online gambling company, announced Thursday that it plans to buy or build an Atlantic City, N.J., casino in order to get a piece of the state’s recently legalized online gambling market, saying an investor had promised $330 million to the endeavor.

According to a 2UP press release, 2UP aims to acquire or build a casino in Atlantic City in order to participate in New Jersey’s online gambling market following Gov. Chris Christie’s February sign-off on a bill legalizing online gambling. Participation...
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