PokerStars – Atlantic Club Hearing Postponed
The Associated Press reports on Wednesday afternoon that New Jersey casino regulators have postponed the hearing relating to the parent company of PokerStars.com’s intention to buy the Atlantic Club casino in Atlantic City and specifically “on whether a national casino association can participate in the licensing process for the parent company of the PokerStars web site.”
The state’s Casino Control Commission was supposed to listen to arguments on Wednesday from the American Gaming Association, which wants to be heard as to whether PokerStars should be permitted to buy Atlantic City’s Atlantic Club casino hotel.
The AGA, according to the AP, “opposes the purchases, accusing PokerStars of willfully violating U.S. law by taking illegal bets.”
PokerStars paid the U.S. government $547 million in 2012 to settle a case (without admitting any wrongdoing). The parent company says the opposition to the potentially historic purchase “is really about brick-and-mortar casinos trying to keep a new type of competitor out of the market,” according to the AP.
More time is needed says CCC chairman Matthew Levinson.