Atlantic Club Casino To Be Auctioned

ATLANTIC CLUB CASINO TO BE AUCTIONED

20th November, 2013 at 01:05:58
Source: http://www.azonlinecasinos.com

Notorious for backing out of a Pokerstars deal, casino is now bankrupt and about to go on the auction block.

Atlantic Club, the Atlantic City casino notorious in the industry for backing out of an acquisition deal with Pokerstars and making off with around $11 million of its money (see previous reports) is now not only bankrupt, but about to be auctioned off.

Owners RIH Acquisitions NJ LLC will accept sealed bids until December 16 this year with a view to finalising the sale with the winning bidder mid-2014, the company has announced.

RIH plans to release the identity of the winning bidder before the end of 2013.

Potential bidders will need both courage and resources, as the operation has been turning in poor performances and is manifestly in financial difficulties. In the abortive Pokerstars deal an acquisition price of $15 million was agreed.

Related News Tags: ,



« News index »



SPAIN'S ONLINE GAMBLING MARKET HAS A SOUND FUTURE

29th March, 2017 at 19:48:16
Analyst says sector likely to deliver Euro 500 million in Revenues in 2017.

BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING

28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.

ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?

24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?

POKERSTARS CASINO MAKES THREE MILLIONAIRES IN ONE MONTH

10th March, 2017 at 19:59:37
Over $4.2 million won from million dollar jackpots at PokerStars Casino in 27 days from end-January to end-February this year..

BAAZOV SELLS A THIRD OF HIS DOMINANT STAKE IN AMAYA ONLINE GAMBLING GROUP

08th March, 2017 at 11:38:44
Former CEO sells off 7 million shares worth a total of Cdn 133 million...and still has plenty more at home.