Rational Group US Holdings online casino operator announces that it is remaining committed to the New Jersey intra-state iGaming market despite despite seeing the collapse of the struggling land based Atlantic Club Casino and Hotel late last week.  Rational Group is the firm responsible for PokerStars online gambling.  They unveiled their plans in January to purchase the Atlantic City casino as a way to potentially enter the newly regulated intra-state internet gambling market in New Jersey. 

Subsequently, the Isle of Man Based firm, completed submission of obtaining their New Jersey state licensing for state gambling over two weeks ago prior to the purchase agreement falling through for unconfirmed reasons.  The Head of Corporate Communications for PokerStars, Eric Hollreiser, is reported to say that Rational Group will remain committed to fixing the situation of their investment in New Jersey.

What lead to the deal with the Chief Operating Officer, Michael Frawley, was the delay in acquiring the required regulatory approvals by Rational Group, according to a report by The Press Of Atlantic City.  On Wednesday it had been stated that the agreement had been put off in accordance with its terms.  While Rational Group has tried to extend negotiations, the Atlantic City property has sent them notice of termination.  Rational Group expected that the closing date would be extended to allow completion of the transaction based on previous deals between both parties.