It’s becoming clear from sources we have received that the deal by PokerStars’ Owners, The Rational Group, to buy the Atlantic Club casino is not going to go forward.
The deal that was penned back in December stipulated a deadline of the 30th of April for Rational’s internet gaming platforms to obtain an eGaming licence, and as this has not happened, and no extension has been negotiated, it appeared the deal was dead.
This appears to have been confirmed when the Chief Operating Officer of the Atlantic Club told the Associated Press earlier today that the deal was off “in accordance with its terms.”
The road to licensing for the PokerStars and Full Tilt brands, both owned by rational, has been a rocky one in recent months. The American Gaming Association had begun lobbying the New Jersey regulators to withhold a licence from the Rational Group due to it’s apparent “history” of “systematically flouting US law.” This was based off the action taken by US authorities based in NEW York on the 15th of April, 2011, commonly known amongst poker players as Black Friday.
We are still waiting for confirmation from the Rational group, and we don’t know if this is a negotiation tactic, or truly the end of this deal.