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Pokerstars files appeal on New Jersey court ruling

Saturday June 15,2013 : IT AIN'T OVER YET, POKERSTARS TELLS ATLANTIC CLUB OWNERS (Update)
 
The Rational Group files appeal on New Jersey court ruling
 
Earlier this year the attempt by Pokerstars parent The Rational Group to acquire a land casino in Atlantic City ended in failure when the online poker company was unable to achieve New Jersey licensing within the time stipulated in the acquisition agreement with Atlantic Club owners Colony Capital LLC
 
By the time the expiry date issue had been used by Colony Capital to back out of the deal, Rational had already handed over $11 million of the purchase price, and litigation ensued as it tried to recover these monies or complete the deal by extending the expiry deadline.
 
Unfortunately, New Jersey Judge Raymond Batten ruled against Pokerstars, effectively letting Colony Capital retain the money it had been paid.
 
This week Pokerstars made its next move by filing a 34-page appeal against the Batten finding, claiming that the judge's assessment of the expiry timeline was open to question, and suggesting that the de facto timeline was the award of a licence to Rational by the New Jersey regulators.
 
By ruling against Rational the judge had disrupted the process and halted the regulatory vetting initiative, Rational's legal representatives claim, additionally raising questions over the allegedly improper testimony from Colony Capital-Atlantic Club witnesses, and the judge's reliance on documents that had not been formally introduced as evidence in the case.



Gambling News :

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

Mercury Poker Live on Indian Poker Network - Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.

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