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ATLANTIC CLUB CASINO WARNS ON STAFF LAY-OFFS
Wednesday January 30,2013 : ATLANTIC CLUB CASINO WARNS ON STAFF LAY-OFFS
Could the Pokerstars acquisition make a difference to New Jersey legalization law?
Industry observers speculated Tuesday on whether the proposed acquisition of the Atlantic Club land casino in New Jersey by Pokerstars would stave off extensive staff lay-offs that might lay ahead.
The speculation was triggered by a warning Monday to staff at Atlantic Club that 1,729 jobs could be lost by the end of March. The warning was a state labour regulatory requirement associated with the proposed acquisition by Pokerstars parent company Rational Group, said Michael Frawley, Atlantic Club’s chief operating officer.
“While there is no anticipation of layoffs or cessation of operations, as our company moves through this transaction process, the issuance of notices under WARN and N.J. WARN is a necessary legal requirement," Frawley explained.
The acquisition is currently pending the grant of an Interim Casino Authorization by the relevant New Jersey authorities, according to Eric Hollreiser, Rational Group's head of corporate communication.
Inevitably, there have been reports linking the Atlantic Club sale to the pending matter of New Jersey's online gambling legalisation law, currently awaiting Governor Chris Christie's signature or veto .
There has been some speculation that the sale of Atlantic Club may be contingent on the passage of the new New Jersey legislation, placing more pressure to sign on the governor. These reports have, however, not been confirmed or substantiated.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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