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Wednesday May 1, 2013 :  GLITCH IN POKERSTARS ATLANTIC CLUB ACQUISITION ATTEMPT (Update)
 
Time runs out on acquisition agreement due to licensing approval delays
 
The attempt by Pokerstars parent The Rational Group to acquire Atlantic City's Atlantic Club Casino in New Jersey has encountered a hopefully temporary obstacle due to delays in the licensing process.
 
The original January agreement between Rational and Atlantic Club Casino parent group Colony Capital LLC called for Rational to successfully achieve an interim casino licence from the New Jersey regulators by April 26 2013, a date that has since passed, rendering the agreement invalid, reports the Wall Street Journal.
 
That does not preclude Rational and Colony Capital from renewing their agreement, perhaps with more practical timelines, given the delays in licensing so far, and the attempts by the American Gaming Association to derail the Rational Group initiative.
 
The acquisition of Atlantic Club could position Rational strongly in the newly legalised online gambling regime in the state, and the apparent failure of the two parties to extend their deal ahead of the expiry date has sparked speculation that Colony may be pressuring Rational to up its offer for the troubled Atlantic Club business.
 
New Jersey regulators have said that the regulatory and licensing framework to support the new legislation could be ready for implementation as soon as November this year



Gambling News :

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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