PokerStars bid to buy AC casino scrapped - Mid-South News, Weather, Traffic and Sports | FOX13

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Ex-NBA player: Re-entry tougher than serving time

    Ex-NBA player: Re-entry tougher than serving time

    Thursday, April 17 2014 6:50 PM EDT2014-04-17 22:50:46 GMT
    Jayson WilliamsJayson Williams
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
    Former NBA player Jayson Williams says trying to re-enter society after serving time for shooting a limousine driver was more difficult than being in prison.
  • Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Governor Christie wants to do away with campaign donation limits and realty transfer fees

    Thursday, April 17 2014 4:08 PM EDT2014-04-17 20:08:25 GMT

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

    During his town hall meeting in Somerset County on Tuesday Gov. Chris Christie said he believes there should be no limits on the amount of money people can donate to political campaigns, as long as they disclose their contributions within a 48-period, according to nj.com.

  • Man with samurai sword arrested at New Jersey deli

    Man with samurai sword arrested at New Jersey deli

    Thursday, April 17 2014 9:27 AM EDT2014-04-17 13:27:28 GMT
    New Jersey NewsNew Jersey News
    Employees at a southern New Jersey deli say they feared for their lives when a man walked in and brandished a samurai sword. It happened at American Deli in Lower Township.
    Employees at a southern New Jersey deli say they feared for their lives when a man walked in and brandished a samurai sword. It happened at American Deli in Lower Township.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

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