May 20, 2013
Court gives reason to the Atlantic Club Casino
The company Colony Capital LLC, owner of Atlantic Club Casino, saw their claims met by a judge in New Jersey and other potential buyers can search Hotel Casino Atlantic City.
The judge's decision is a major blow in Rational Group (now owner of PokerStars and Full Tilt Poker), who already had advanced $ 11 million to purchase the enterprise. $ 11 million total agreement of $ 15 million, in advance while waiting the decision of the Commission of Game New Jersey, on the acceptance or rejection of the deal.
Colony Capital LLC does not get satisfied with this outcome and will appeal to the Rational Group pay over $ 4 million for failing to implement the deal as agreed.
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