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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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