Online Gambling Quest in New Jersey: PokerStars gets Back Fire from Colony Capital

The owner of the Atlantic Club Casino that PokerStars wishes to buy, Colony Capital, fired back following the law suit filed against it by the online poker company this week.

It is quite a difficult case filled with semi-interesting drama, but mostly embarrassing when you take into count average poker players have been missing their online poker for over two years.

The deal was canceled by Colony Capital once the deadline had been passed without the required checkpoints being reached.

PokerStars is claiming a breach in the agreement and has asked a judge to verify the casino hadn’t been sold to another party. Colony Capital has stated that once the first filings with the Commission and the New Jersey Division of Gaming Enforcement were made by PokerStars, important information came to the surface publicly that the principals of PokerStars were in connection with bad criminal activities more broad and unresolved than was earlier made public.

This portion of the brief is referring to what the American Gaming Association fought in March about PokerStars’ previous business in the United States.

Americans were closed off from the site after Black Friday in April 2011.  The big online company’s plans to purchase a casino comes to an issue of no one being completely sure if it will be capable of winning a license to run a brick-and-mortar and offer online gambling.