Online poker site to buy Atlantic City casino - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Online poker site to buy Atlantic City casino

Posted: Updated:
Photo courtesy Atlantic Club Casino Photo courtesy Atlantic Club Casino
NEW JERSEY (MYFOXNY.COM) -

The parent company of two internet gambling sites has agreed in principal to purchase a struggling Atlantic City casino.

Rational Group, US Holdings has filed an application to run the casino with the New Jersey gaming enforcement division.

Company COO, Michael Frawley, previously issued a statement saying:  "The acquisition of The Atlantic Club Casino Hotel will secure up to 2,000 jobs and maintain the economic benefits the casino brings to New Jersey."

The company hopes to boost visits and revenue by holding poker tournaments in the casino.

Atlantic Club Casino Hotel has now filed notice to 1,729 employees that they may lose their jobs.  The company says the layoff notice is a formality as part of the pending sale.

The troubled casino has going through a number of changes since it was built in 1980 as a Golden Nugget property.

New Jersey is considering allowing on-line gambling, a move that is facing resistance by federal regulators.

 

The Associated Press contributed to this report.

  • New Jersey NewsNew Jersey NewsMore>>

  • Dangerous rip currents at NJ, NY beaches

    Dangerous rip currents at NJ, NY beaches

    Wednesday, August 27 2014 4:54 PM EDT2014-08-27 20:54:07 GMT
    Several beaches on the New Jersey and New York coastlines are open to visitors but closed to swimming because of high surf and dangerous rip currents. The National Weather Service has issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
    Several beaches on the New Jersey and New York coastlines are open to visitors but closed to swimming because of high surf and dangerous rip currents. The National Weather Service has issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
  • Man kills wife, wounds self at NJ hospital

    Man kills wife, wounds self at NJ hospital

    Wednesday, August 27 2014 11:50 AM EDT2014-08-27 15:50:16 GMT
    Authorities say a man fatally shot his wife and wounded himself at a hospital in southern New Jersey. Camden County Prosecutor's Office spokesman Jason Laughlin says the shooting happened Wednesday at Kennedy University Hospital in Stratford. The man was being treated for his injuries.
    Authorities say a man fatally shot his wife and wounded himself at a hospital in southern New Jersey. Camden County Prosecutor's Office spokesman Jason Laughlin says the shooting happened Wednesday at Kennedy University Hospital in Stratford. The man was being treated for his injuries.

  • Mayor Zimmer urges lawmakers to legalize app-based taxi services

    Mayor Zimmer urges lawmakers to legalize app-based taxi services

    Wednesday, August 27 2014 11:22 AM EDT2014-08-27 15:22:39 GMT
    Hitching a ride in Hoboken should be as simple as tapping a button but as of now, mobile apps like Uber that connect users with drivers through the use of GPS technology are currently illegal in Hoboken. Now, Hoboken Mayor Dawn Zimmer has released a statement expressing her support for Rideshare services and imploring state legislatures to take action.
    Hitching a ride in Hoboken should be as simple as tapping a button but as of now, mobile apps like Uber that connect users with drivers through the use of GPS technology are currently illegal in Hoboken. Now, Hoboken Mayor Dawn Zimmer has released a statement expressing her support for Rideshare services and imploring state legislatures to take action.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices