Until two weeks ago the relationship between Rational Group (the company that owns the PokerStars) and the owners of the Atlantic Club looked like a bed of roses, for now it seems more calm gave way to the storm. Last week the owners of the New Jersey Casino decided to cancel the sales agreement establishing the Rational Group, and yesterday this company responded with a lawsuit, getting to have a restraining order to prevent the Casino is sold.
According to local media, the sale agreement of the Atlantic Club of Atlantic City meant a payment of $ 15 million. Of this amount Rational Group paid $ 11 million in advance, with the remainder value waiting until the Gambling Commission New Jersey give your opinion on the deal, which has not happened yet.
The information contained in the complaint lodged by the Rational Group, which obtained a restraining order, indicate that Resorts International (owner of Atlantic Club) presented a proposal to extend the deadline by 10 days to pay extra $ 6 million more. Not having Rational Group accepted this request, Resorts decided to proceed with the termination of the agreement and thus far requested $ 4 million for failing to PokerStars actually purchasing. Adding the $ 11 million already received the $ 4 million intended to terminate the agreement, Resorts International wished to receive full payment Casino, getting the same.
The New Jersey court accepted the request of Rational Group to restrict the actions of Resorts International and prevented it from selling Casino Atlantic to other companies in the coming days. This is a temporary restraining order, which was already scheduled a hearing for May 17.
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