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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.
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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