Casino's deal with online firm falls through

Discussion in 'General Craps Discussion' started by splicer9, May 3, 2013.

  1. splicer9, May 3, 2013

    splicer9

    splicer9 Member

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    The deal that could have made Atlantic City's smallest casino the first U.S. brick-and-mortar gambling hall owned by an online-gambling company is no more.

    On Wednesday, Atlantic Club Casino Hotel announced that a purchase agreement with Rational Group US Holdings, the British company that owns the PokerStars and Full Tilt Poker websites, has been terminated.

    Michael Frawley, the casino's chief operating officer, said: "The Atlantic Club remains committed to the aggressive pursuit of the opportunities presented by online gaming."

    The struggling casino, among the least profitable of Atlantic City's dozen gaming venues, hitched its future to online gambling months ago, when it sought out only buyers from that sector.


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