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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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