NJ Appellate Court Nixes PokerStars Casino Bid

Law360, New York (July 2, 2013, 8:48 PM EDT) -- New Jersey’s appellate court on Monday freed the owners of an Atlantic City, N.J., casino to secure a new buyer, rebuffing an appeal from online poker company PokerStars, which, despite investing $11 million, couldn’t stop the casino’s owners from backing out of a deal.

The Superior Court of New Jersey’s Appellate Division issued an order declining to hear an appeal from PokerStars’ parent company Rational Group U.S. Holdings Inc., which hoped to overturn Superior Court Judge Raymond A. Batten’s May ruling that the owners of The...
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