News From The Casino Scene

Atlantic Club Casino still with no owner

Atlantic Club Casino still with no owner

Today's report by The Wall Street Journal stated that PokerStars lost their chance to buy Atlantic Club casino as they missed the deadline to close the deal. For months, the Isle of Man based Casino have considered buying the casino from a California investment, Colony Capital, as a strategy to revive Atlantic City and to start a new gambling market in New Jersey.

It was also reported that one of the terms on the deal was that PokerStars needed to obtain, by last Friday, a temporary license from New Jersey gaming regulators. Unfortunately for PokerStars, no green light has been turned on yet as getting a license might take until mid-summer for the Casino Control Comission to make a recommendation wether they should get a license or not.

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