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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.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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