PokerStars Not Ready To Fold In NJ Casino Takeover

Law360, New York (June 14, 2013, 9:22 PM EDT) -- Online gaming company PokerStars this week revived its pursuit of an Atlantic City, N.J., casino, appealing a state judge’s ruling that nullified a sales agreement, which could cost PokerStars up to $15 million if its appellate bid fails, according to reports.

PokerStars' parent company Rational Group U.S. Holdings Inc. appealed a decision from Superior Court Judge Raymond A. Batten, who ruled in May that the owners of The Atlantic Club was free to seek another buyer, despite Rational's having paid $11 million to keep the struggling...
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