MAYS LANDING, N.J. (AP) – A New Jersey judge on Friday will hear an increasingly bitter dispute between the world’s largest online poker web site and the Atlantic City casino it is trying to buy.
The parent company of PokerStars got a temporary restraining order May 6 barring The Atlantic Club Casino Hotel from selling itself to anyone but PokerStars.
The casino says a deal to sell itself to PokerStars is dead, but PokerStars says it has already given the casino $11 million of the proposed $15 million purchase price to keep it afloat.
In February, New Jersey legalized Internet gambling. Buying an Atlantic City casino would give PokerStars’ parent, The Rational Group, a quick on-ramp into what is expected to be a lucrative online gambling market in the state.
Copyright 2013 The Associated Press.
