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Pokerstars Atlantic City Casino Deal Dead
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
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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