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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Wildlife volunteer pleads in deaths of 300 animals

    Wildlife volunteer pleads in deaths of 300 animals

    A longtime volunteer with a local animal protection organization in New Jersey has pleaded guilty to animal cruelty charges. Authorities say they found more than 300 dead birds and animals in the Little Silver home of the volunteer, 56-year-old Gretchen Rell.
    A longtime volunteer with a local animal protection organization in New Jersey has pleaded guilty to animal cruelty charges. Authorities say they found more than 300 dead birds and animals in the Little Silver home of the volunteer, 56-year-old Gretchen Rell.
  • Newark, Jersey City, Paterson

    3 New Jersey mayors announce joint anti-crime plan

    3 New Jersey mayors announce joint anti-crime plan

    Monday, July 28 2014 6:28 PM EDT2014-07-28 22:28:17 GMT

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.

    The mayors of New Jersey's three largest urban areas said Monday they are looking at inter-city collaboration as a way to stem the flow of bloodshed on their streets. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres spoke mainly in generalities about the partnership, but said specifics would be hammered out at a mayors' roundtable that will convene in September.


  • Massive brawl at NJ wedding

    Massive brawl at NJ wedding

    Monday, July 28 2014 2:24 PM EDT2014-07-28 18:24:34 GMT
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
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