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Pokerstars Still Interested in Buying Land Casino
Friday May 3, 2013 : WE'RE STILL INTERESTED IN BUYING LAND CASINO, SAYS POKERSTARS PARENT (Update)
Rational Group spokesman explains expiry of agreement on Atlantic Club casino
The British parent company of PokerStars says it still wants to buy an Atlantic City casino, even though a deal to obtain Atlantic Club fell through time expired on Wednesday .
A company spokesman for The Rational Group told the Associated Press news agency late Thursday that the company wants to salvage its deal to purchase The Atlantic Club Casino Hotel.
Eric Hollreiser, a spokesman for the Isle Of Man-based company, said Rational had expected the closing deadline for the sale to be extended.
"Several days ago the Rational Group received a purported notice of termination of this agreement from the current owners of the Atlantic Club," he said in a statement to Associated Press.
"It was the Rational Group's expectation and understanding, based on the ongoing dealings between the parties, that the closing date would be extended to allow the transaction to be completed. The Rational Group remains entirely committed to resolving this situation and to our investment in New Jersey."
Michael Frawley, the chief operating officer for financially troubled Atlantic Club, did not respond to messages seeking comment Thursday night.
The casino is owned by Los Angeles-based Colony Capital, which reached a deal with The Rational Group last December to sell The Atlantic Club.
New Jersey casino regulators have been examining the Rational Group's application to buy a casino, but no decision was imminent.
The land casino trade body, the American Gaming Association has attempted to intervene in the licensing process in order to derail the deal, and suspicions have been voiced that land casino companies may also be working behind the scenes to keep Rational out of the US market, fearing competition in the online environment.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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