US appeals court denies PokerStars appeal
Jul. 02, 2013
TRENTON, New Jersey (AP) — An appeals court in the U.S. has rejected a bid by the world's largest online poker website to regain the right to buy an Atlantic City casino.
In a decision made public Monday, the New Jersey court sided with the Atlantic Club in its battle with PokerStars. The ruling upheld a lower court ruling issued last month.
The Atlantic Club canceled a deal for the PokerStars web site to buy the casino when the online giant couldn't get preliminary ownership approval from state casino regulators in time.
PokerStars' Isle of Man-based parent company, The Rational Group, claimed the judge made several errors and that its $15 million purchase deal should be reinstated.
Michael Frawley, the Atlantic Club's chief operating officer, said the casino was "obviously very pleased."