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Judge to decide On Pokerstars Case Today
Friday May 17,2013 : BIG DAY FOR POKERSTARS IN ATLANTIC CLUB CASE (Update)
Judge to decide on sales injunction
Friday May 17 is a key date in the attempt by Pokerstars parent The Rational Group to acquire Atlantic City land casino Atlantic Club, with the Isle of Man company's request for a restriction on the sale of the casino to anyone else under challenge in a New Jersey court by casino owners Colony Capital - Resorts International Holdings.
Colony Capital has argued against the injunction, obtained by Rational after the casino owner walked away from the sale with over $11 million of Pokerstars' money in its wallet, claiming the deal had run out of time .
Since then Rational-Pokerstars has submitted its argument defending the injunction and debunking the Colony-RIH submissions that it was not fully aware of the allegedly poor reputation of Rational and its management; the expiry date problem and that it should be allowed to sell the struggling casino to anyone else if it chooses.
The poker information site Diamond Flush Poker.com carries a detailed breakdown of the latest Rational arguments giving the lie to Colony's claims, and this useful summary can be viewed here:
In its argument that the injunction should remain in force, Rational accuses Colony of now admitting that it has an intention to sell off the casino to someone else, implying that insisting on the validity of the expiry date and attacking Rational's reputation are ploys to kill the Rational deal in order to secure a better offer from another purchaser.
Today Atlantic County Judge Raymond Batten will consider the submissions of both companies.
Gambling News :
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
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
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
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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