PokerStars' Bid To Buy Casino Sinks In NJ Court

Law360, New York (May 17, 2013, 9:11 PM ET) -- A New Jersey judge on Friday ended PokerStars’ campaign to buy an Atlantic City casino, refusing to cement a temporary injunction preventing the casino’s owners from terminating the deal and declining to invalidate a contract written with terms unlike any the judge said he’d ever seen.

Superior Court Judge Raymond A. Batten dissolved injunctive restraints he placed last week on the Atlantic Club’s owners, preventing them from terminating a deal to sell to Rational Group US Holdings Inc., PokerStars’ parent company. But despite paying $11 million...
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