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Pokerstars Files Permission To Buy US Casino

Wednesday January 16, 2013 : POKERSTARS FILES FOR PERMISSION TO BUY U.S. LAND CASINO (Update)
 
Parent company seeks regulator's permission to buy New Jersey's Atlantic Club...but no indication of the price.
 
A US subsidiary of Rational Group, the parent company behind Pokerstars and Full Tilt Poker, has applied to New Jersey gambling regulators for permission to buy the struggling Atlantic Club land casino in Atlantic City.
 
The application makes no mention of the consideration to be paid, although it expresses a willingness and capability to finance improvements should permission be granted, according to an Associated Press report.
 
If it is approved, the acquisition could give the internet gambling company a strong foothold in the United States at a time when individual states, and New Jersey in particular, are making moves towards the online gambling sector.
 
In New Jersey a bill that allows online gambling from Atlantic City casino-based servers has passed both Assembly and Senate and currently awaits Gov. Chris Christie's signature.
 
The Garden State has also staked out a position for itself in intrastate sports betting and is engaged in litigation against the major US sports leagues, which are defending the restrictive Professional and Amateur Sports Protection Act.
 
Pokerstars cleared its slate with the US Department of Justice in a $731 million settlement last year .
 
The company's deal with Atlantic Club owner Resorts International Holdings became public knowledge late last year, but details of the acquisition agreement have yet to be disclosed.



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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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