MENU

National

Thursday, April 25, 2024

Atlantic City casino ends purchase deal with PokerStars parent

May 02, 2013 12:01 am • Last Updated: October 31, 2014 9:31 am

A bid by the world's largest online poker website to buy an Atlantic City casino has gone bust. The Atlantic Club Casino Hotel announced Wednesday that a purchase agreement with the British parent company of PokerStars has been terminated.

Chief Operating Officer Michael Frawley says the deal is off "in accordance with its terms" but did not provide further details. Frawley says the casino will aggressively pursue any other opportunities made possible by the advent of online gambling in New Jersey.

The Atlantic Club was bidding to become the first casino in America to be fully owned by an online gambling company.

- Associated Press

Comment threads are monitored for 48 hours after publication and then closed.

STORIES THAT MAY INTEREST YOU

The Buzz: Regional Innovation Center names Zhang as community manager

The Chamber of Commerce of Eastern CT has announced the appointment of Kevin Zhang as community manager of the Regional Innovation Center in New London. Zhang’s primary responsibilities will include o...

Haiti warily welcomes new governing council as gang-ravaged country seeks peace

Port-au-Prince, Haiti — Haiti opened a new political chapter Thursday with the installation of a transitional council tasked to pick a new prime minister and prepare for eventual presidential election...

Hamas says it would lay down its arms if independent Palestinian state is created

Istanbul (AP)― A top Hamas political official told The Associated Press the Islamic militant group is willing to agree to a truce of five years or more with Israel and that it would lay down its weapo...

Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his friend Trump

New York — As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands ...