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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
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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