PokerStars Retaliates Against AGA

Submitted by Ace King on

Written by :

Ace King

Published on :

Attorneys for the Rational Group, parent company of PokerStars, sent off a scathing 15-page letter responding to the American Gaming Association’s petition to try and prevent Stars from purchasing an Atlantic City casino.

The letter essentially accuses the AGA of attempting to protect its own economic interests.

PokerStars is looking to buy the troubled Atlantic Club Casino and Hotel in Atlantic City.

Stars attorneys letter noted: “There is no precedent recognizing the right of a trade association comprised of competing casinos to participate in a license application.

“For all of its lofty rhetoric, the only interest the AGA actually has in this proceeding derives from the fact that some of its members perceive themselves to be Rational’s competitors.”

The AGA last week went as far as to suggest PokerStars was a “criminal enterprise”.

New Jersey Governor Chris Christie signed a bill into law that would make some forms of online gambling legal in the Garden State.  Nevada’s Governor signed a similar bill into law just days prior.  Both New Jersey and Nevada are looking to form multi-state compacts.

- Ace King, Gambling911.com

Lock-Poker-012913.jpg

 

Related Content

Fire at casino

Ocean Casino Resort in Atlantic City Closed Monday Following Fire, Water Leak: Slot Tournament Canceled

Atlantic City Fire Department crews responded to the casino for a fire some time around 5:30 a.m. Monday morning. The fire was contained to a linens room but while putting out the blaze, a pipe burst and flooded portions of the building.
Fanatics to Acquire Exchange and Clearinghouse from BGC;  Parties to Partner on Prediction Markets

Fanatics to Acquire Exchange and Clearinghouse from BGC; Parties to Partner on Prediction Markets

Builds a prediction markets ecosystem that serves both retail and institutional participants, bringing together differentiated market expertise and datasets that combine prediction market and financial market intelligence.
When and Where Can I Stream New Netflix Documentary About Prediction Markets: The Prediction Games

When and Where Can I Stream New Netflix Documentary About Prediction Markets: The Prediction Games

“The clip misleadingly indicates that the individual is trading sports event contracts while located in Nevada, despite the court order prohibiting such activity,” Dedaj wrote in his letter to Netflix in reference to the teaser released on Thursday.
Instadocs: The Prediction Games Comes Out Sunday July 26

Instadocs: The Prediction Games Now Streaming

Prediction market Kalshi immediately sent out a cease and desist letter upon being notified of the trailer it says is "misleading". The prediction market claims that the trailer features what appear to be "fabricated" bet slips.