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The latest developments in the failed attempt by Pokerstars parent The Rational Group to buy a New Jersey land casino created mainstream media headlines late Monday when the Isle of Man company was awarded a temporary restraining order stopping Atlantic Club owners Colony Capital LLC from entering into any acquisition deals on the casino for …
The British parent company of PokerStars says it still wants to buy an Atlantic City casino, even though a deal to obtain Atlantic Club fell through “time expired” on Wednesday. A company spokesman for The Rational Group told the Associated Press news agency late Thursday that the company wants to salvage its deal to purchase …
Originally thought to be a mere “agreement time-expired” glitch, the acquisition deal between Pokerstars parent The Rational Group and Atlantic City land casino Atlantic Club owners, Colony Capital LLC could be more serious than was at first thought. The agreement called for Rational to obtain an interim casino licence from the New Jersey regulators by …
In an interview on the public service broadcaster NJTVonline this week, the chief operating officer of New Jersey’s Atlantic Club land casino, Michael Frawley, talked about the application by Pokerstars parent The Rational Group to buy the troubled Atlantic City operation, giving an insight into the considerable investment that the Isle of Man online poker …
According to New Jersey journalist John Brennan, PokerStars parent company The Rational Group has appealed in a fifteen-page letter to the New Jersey Division of Gaming Enforcement (DGE) to reject the American Gaming Association’s (AGA) formal opposition against its acquisition of The Atlantic Club casino . In the letter obtained by Meadowlands Matters, a daily …
The American Gaming Association, which counts most of the major Las Vegas land casino operators among its members, has made an unprecedented move in filing its opposition to the proposed acquisition of Atlantic City casino Atlantic Club by Rational Group, the parent company of online poker giant Pokerstars. The Association has never before sought to …
With its proposed acquisition of the Atlantic Club land casino still progressing through the New Jersey regulatory system, Pokerstars parent Rational Group has big plans for improvements, it would appear. Philly.com quotes Atlantic Club chief operating officer Michael Frawley, who along with a colleague first came up with the idea of an online – land …
If you thought the online gambling scene in Schleswig Holstein, a state in Germany that is currently betwixt and between a gambling treaty with other German states and compliance with its own EU approved gambling laws, be prepared to add another element of confusion to the mix. Despite the plans of its anti-online gambling state …
London’s new Hippodrome Casino deals with Microgaming and Pokerstars were fleshed out with more detail in a statement from the casino Tuesday. The deals will create an online presence for the Hippodrome and enhance the new casino’s live poker room offering, the statement disclosed. PokerStars, the worlds’ largest online poker site, will refurbish and re-brand …
The Spanish gambling group Codere appears to be intent on whittling down potential competition in its newly liberalised and regulated home market, launching a series of legal actions seeking injunctions against prominent online gambling operators. Targets have included the Austrian publicly listed group Bwin, online poker giant Pokerstars and sports betting group Sportingbet. Codere’s take …
The French gambling regulator ARJEL has released its second list of new licensees, which features two of the online gambling industry’s major operators, Party Gaming and Pokerstars.
The McClatchy-Tribune Information service reports that an online gambling market estimated to be worth $20 billion globally this year continues to attract pro-online gambling investment in lobbying activities.
The business section of the Isle of Man Today newspaper reported this week that Internet gambling is the fastest growing sector of the Manx economy, bucking the economic slowdown trend with the prospect of new businesses and new jobs being created on the island over the next few years.