Deals
PokerStars Wins Court Ruling Keeping Casino Purchase Alive
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PokerStars, seeking to buy the Atlantic Club Casino Hotel in New Jersey, won a temporary court order barring owner Colony Capital LLC from ending their sale agreement or approaching others to purchase the property.
The order, issued today by New Jersey Superior Court Judge Raymond A. Batten in Mays Landing, prevents Colony Capital from terminating the sale to PokerStars until a May 17 hearing. PokerStars, the largest online poker site in the world, is a division of Isle of Man-based Rational Group Ltd.