Tag Archives: New Jersey

PokerStars Bashes Atlantic Club Owners for Gambling with Employees’ Jobs

Posted on by RTR Dave

If somebody walked away from a deal with you and kept $11 million of your money thanks to a contract stipulation, you’d be pretty mad, right? This is exactly the scenario that played out between PokerStars and the Atlantic Club Casino in early 2013. PokerStars’ parent company, the Rational Group, had offered to buy the Atlantic Club from Colony Capital for $15 million and keep the casino running. The latter point would’ve saved around 1,800 jobs, but greed got Colony Capital in the end. Colony Capital wiggled out of the deal so that they could keep Atlantic Club in hopes …

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