Atlantic Club, PokerStars deal folds - NBC40.net

Atlantic Club, PokerStars deal folds

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ATLANTIC CITY -

The deal that would've sold the Atlantic Club to online gambling company, PokerStars, has ended. Officials with the Atlantic Club said in a statement Wednesday that the agreement had been "terminated in accordance with its terms," implying a contractual dispute may've been the cause.

"Our purchase agreement with PokerStars has been terminated in accordance with its terms. The Atlantic Club remains committed to the aggressive pursuit of the opportunities presented by online gaming. The advent of New Jersey's online gaming legislation has changed Atlantic City's future for the better and The Atlantic Club is absolutely going to be a part of that future.

 

In the interim, our intentions are to maintain our year over year market share gains through our unique brand positioning as 'the best deal in Atlantic City'. The Atlantic Club's 2013 revenue and net revenue trends are proof positive that customers are rediscovering us and our popularity is higher than ever."

-Michael Frawley, COO The Atlantic Club Casino Hotel

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