Quest For Online Gambling In New Jersey: Colony Capital Fires Back At PokerStarsTwo Firms Exchanging Blows Out In The Open |
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Colony Capital, the owner of the Atlantic Club Casino which PokerStars wants to purchase, fired back this week after the online poker company filed a civil suit against it.
It’s a very complex legal case, full of quasi-interesting.drama, but overall embarrassing when you consider average poker players have been without their beloved online poker for more than two years now.
Colony Capital terminated the deal after a deadline supposedly had passed without the necessary checkpoints being reached. PokerStars claimed a breach in their agreement, and asked a judge to make sure the casino wasn’t sold to someone else. Colony Capital now has come out publicly to state that it was in its right, under the terms, to nix the agreement.
According to NorthJersey.com, Colony Capital also said that “after [PokerStars] made [its] initial filings with the Commission and the [New Jersey Division of Gaming Enforcement], significant information emerged publicly that [PokerStars’] principals were associated with serious criminal activities more extensive and unresolved than previously disclosed.”
This section of the brief refers to what the American Gaming Association argued in March about PokerStars’ prior business in the United States. The site was closed off to American after Black Friday in April 2011. PokerStars settled with the government without admitting wrongdoing.
The online giants quest to buy a casino basically comes down to a problem of supposedly no one being totally certain about whether it would be able to win a license to both run a brick-and-mortar property and offer online gambling. New Jersey regulators are supposedly tough.
For more news from New Jersey, check out its state page.
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