Pokerstars Online Gambling Venture in NJ

Online Casinos 888 and Net EntPokerstars Pursues Online Gambling Venture in NJ by Filing an Appeal

Pokerstars, through lawyers of its parent company Rational Group, submitted a 34-page appeal in NJ’s appellate court. The appeal contends that Judge Batten committed legal errors, which affected his decision to release Atlantic Club (AC) casino from the purchase agreement between Rational and Colony Capital LLC. The judge’s verdict caused a temporary cessation in the vetting of the online poker company’s license application due to the resulting lack of a land-based Atlantic City casino, in which to run its proposed online gambling venture.

A major error cited was the “April 26 deadline” that was construed by the court as a condition for the fulfillment of the purchase contract. Rational Group lawyers contend that this was a deadline set for securing an NJ License to operate the casino, and that there was mutual understanding between the contracting parties that the date could be extended in view of the regulatory processes involved.

Other alleged errors cited by the appeal includes Rational’s contention that the NJ judge based his decision on documentations not formally entered as legal evidence in the court records and on improper testimonies supplied by some AC casino witnesses.

Still, NJ gambling regulators recently came out with an announcement that sets June 29, 2013 as deadline for Atlantic City casinos to file a completed application to offer Internet gambling within the state. Those who miss the deadline lose their chance to get in the Internet gambling bandwagon once it launches in November of this year.

The short time remaining and the appeal filed by Rational make the AC casino a less attractive choice for other interested Internet gambling operators. Such conditions leave the Atlantic Club owners with little, if no advantage at all, in bargaining for a higher selling price.