Just a few days ago, the American Gaming Association started a formal protest against online poker group PokerStars parent company, The Rational Group. The AGA does not want the Rational Group to be able to purchase a casino property in Atlantic City, New Jersey. The Rational Group has now fired back and has sent in a letter asking the Division of Gaming Enforcement to reject the protest on their purchase bid.
The Rational Group is looking to purchase The Atlantic Club casino in Atlantic City, New Jersey and bid on the property only to be protested by the AGA. The AGA has stated they believe The Rational Group is an illegitimate entity that will only damage the city of Atlantic City.
According to NorthJersey.com, Meadowlands Matters obtained the fifteen page letter created by The Rational Group which asked the DGE to reject the ‘thinly-veiled anti-competitive campaign’ of the AGA toward the company. Jeff Ifrah and David Deitch, attorneys for Rational, have stated that the DGE and the Casino Control Commission can handle the decision themselves as The Rational Group recognizes that the groups set high standards in the gambling industry and have proven to be a model for other jurisdictions. Because of this, both attorneys stated that a decision can be made by the agencies ‘without the unsolicited assistance of self-appointed group of Rational’s competitors’, which would be those represented by the AGA.
Rational does state in the letter that there may be reasons that are appropriate for the intervention, including “a union representing its employees [that] has first-hand information that would be useful to the Commission’s licensing determination, but which might be beyond the traditional scope of the Division’s investigatory process…. The AGA has no [such] firsthand knowledge…. The AGA’s sole interest here is economic warfare.”
The letter ends with the statement: “The decision for determining suitability of a casino license rests with New Jersey’s expert regulators.” So, we shall see if the AGA intervention will be heard or if the agencies presiding will ignore their protests of The Rational Groups purchase of the Atlantic Club.
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