The PokerStars and Atlantic Club Casino story is a long one. For months, the major poker brand has been working to purchase the struggling Atlantic Club Casino Hotel based in Atlantic City, New Jersey.
The purchase process has been slow going and subject to strong debate against PokerStars. Just last week, we reported that the deal between the two had unfortunately fallen through. Well, it seems as though PokerStars is not ready to give up and the brand is still attempting to go forward with their attempts to purchase the casino regardless.
The Associated Press has reported that PokerStars parent company, The Rational Group, would still like to purchase the property. Eric Hollreiser, a spokesman for the group, commented in a statement on the subject which read:
“Several days ago the Rational Group received a purported notice of termination of this agreement from the current owners of the Atlantic Club. It was the Rational Group’s expectation and understanding, based on the ongoing dealings with 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.”
Since around December of 2012, The Rational Group has been working to purchase the struggling casino in Atlantic City. PokerStars was trying to get into the US market and gain a stronghold as internet poker options were coming into play in the state.
PokerStars had to gain a license to become an operator in the state and the deal was pending approval. According to the deal, PokerStars had until a certain date to earn the license and the date came and went without the group earning an operator’s license.
So, now they wait. It will be interesting to see if the purchase picks back up or if PokerStars will move on to try and gain entry into the state of New Jersey as well as other states in the US as online poker opens up.
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