Judge: Atlantic Club Casino Can Seek New Buyer
A struggling Atlantic City casino is free to seek a new buyer after a judge ruled that it can scrap a deal to sell itself to the world’s largest online poker website.The Atlantic Club was going to sell to the parent company of PokerStars, but terminated the contract last month when PokerStars had not obtained preliminary casino licensing.
A judge on Friday ruled that the casino had the right to end the contract. As a result, the Atlantic Club is now free to seek a new buyer as Atlantic City prepares to offer Internet gambling later this year.
In February, New Jersey legalized Internet gambling, expected to be a lucrative market in the state.
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