PokerStars bid to buy AC casino scrapped - Houston weather, traffic, news | FOX 26 | MyFoxHouston

PokerStars bid to buy AC casino scrapped

Posted: Updated:
Photo courtesy Atlantic Club Casino Photo courtesy Atlantic Club Casino

ATLANTIC CITY, N.J. (AP) - A bid by the world's largest online poker website to buy an Atlantic City casino has gone bust.

The Atlantic Club Casino Hotel announced Wednesday that a purchase agreement with the British parent company of PokerStars has been terminated.

Chief Operating Officer Michael Frawley says the deal is off "in accordance with its terms" but did not provide further details.

Frawley says the casino will aggressively pursue any other opportunities made possible by the advent of online gambling in New Jersey. The state legalized Internet gambling this year and the first online bets are expected by year's end.

The Atlantic Club was bidding to become the first casino in America to be fully owned by an online gambling company. The trade group representing brick & mortar casinos had opposed the deal.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    New Jersey NewsNew Jersey News
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
  • Officer struck in hit and run fighting for his life

    Officer struck in hit and run fighting for his life

    Saturday, April 19 2014 6:28 PM EDT2014-04-19 22:28:45 GMT
    Bergen County Police Officer Daniel Breslin is fighting for his life at New Jersey's Hackensack Hospital. Officials say Officer Breslin was hit from behind by another vehicle on Route 46 west in Lodi around 2am Saturday morning. Officer Breslin had stopped parallel to another officer's vehicle because that officer was having problems with his radio.Without warning, cops say a Ford Fusion then slammed into Officer Breslin's vehicle.
    Bergen County Police Officer Daniel Breslin is fighting for his life at New Jersey's Hackensack Hospital. Officials say Officer Breslin was hit from behind by another vehicle on Route 46 west in Lodi around 2am Saturday morning. Officer Breslin had stopped parallel to another officer's vehicle because that officer was having problems with his radio.Without warning, cops say a Ford Fusion then slammed into Officer Breslin's vehicle.
  • Woman in custody in NYC stroller snatch attempt

    Woman in custody in NYC stroller snatch attempt

    Saturday, April 19 2014 2:55 PM EDT2014-04-19 18:55:51 GMT
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
    Police say an 8-month-old baby was nearly snatched by a stranger while being pushed down a Manhattan street in his stroller, but a bystander intervened to foil the abduction attempt.
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices