PokerStars bid to buy AC casino scrapped - Fox 2 News Headlines

PokerStars bid to buy AC casino scrapped

Posted: Updated:
Photo courtesy Atlantic Club Casino Photo courtesy Atlantic Club Casino

ATLANTIC CITY, N.J. (AP) - 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 state legalized Internet gambling this year and the first online bets are expected by year's end.

The Atlantic Club was bidding to become the first casino in America to be fully owned by an online gambling company. The trade group representing brick & mortar casinos had opposed the deal.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Woman in custody in NYC stroller snatch attempt

    Woman in custody in NYC stroller snatch attempt

    Saturday, April 19 2014 2:55 PM EDT2014-04-19 18:55:51 GMT
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
  • Basil farm ready to switch to marijuana

    Basil farm ready to switch to marijuana

    Friday, April 18 2014 4:11 PM EDT2014-04-18 20:11:50 GMT
    Basil plants grow on a New Jersey farm, but the facility could be turned into a five-acre medical marijuana greenhouse with only 48 hours' notice. The hoses from the state-of-the-art Dutch hydroponic system are watering flowers now, but with a few minor adjustments could just as easily grow marijuana plants for medicinal cannabis. The only reason it's not happening now is because the company is publicly traded and subject to federal law.
    Basil plants grow on a New Jersey farm, but the facility could be turned into a five-acre medical marijuana greenhouse with only 48 hours' notice. The hoses from the state-of-the-art Dutch hydroponic system are watering flowers now, but with a few minor adjustments could just as easily grow marijuana plants for medicinal cannabis. The only reason it's not happening now is because the company is publicly traded and subject to federal law.
  • NJ woman sues over "8theist" plate

    NJ woman sues over "8theist" plate

    Friday, April 18 2014 12:08 PM EDT2014-04-18 16:08:10 GMT
    New Jersey NewsNew Jersey News
    A New Jersey woman has filed a lawsuit against the state's Motor Vehicle Commission, claiming the agency rejected her application for a license plate proclaiming she's an Atheist. Shannon Morgan filed the suit in federal court, saying the rejection of a plate reading "8THEIST" is a violation of her First Amendment rights. The Maurice River Township woman claims plates reading "BAPTIST" have been approved.
    A New Jersey woman has filed a lawsuit against the state's Motor Vehicle Commission, claiming the agency rejected her application for a license plate proclaiming she's an Atheist. Shannon Morgan filed the suit in federal court, saying the rejection of a plate reading "8THEIST" is a violation of her First Amendment rights. The Maurice River Township woman claims plates reading "BAPTIST" have been approved.

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices