The Rational Group, US Holdings Expected to Purchase Atlantic Club Casino

January 25, 2013
By

to PokerStars Parent Company The Ratioonal GroupIn recent months, since the introduction of a potential online gaming Bill AS 2578 being signed into law by Governor Chris Christie, The Rational Group, has agreed in principal to purchase Atlantic Club Casino on the Boardwalk.  The struggling casino  has also been known as the Hilton, ACH, Golden Nugget over the years.

The Rational Group, US Holdings is the owner and parent company of both of these online Poker sites, PokerStars.com and FullTilt.com.  On January 18th, 2013 the company took the first step by filing an application requesting an “interim” authorization with the New Jersey state Division of Gaming Enforcement, NJ DGE.

Many Benefits for Atlantic City, NJ

There are many benefits to this purchase including: keeping the jobs of over 2,000 local employees, a new emphasis will be placed on National and Worldwide Poker Tournaments in Atlantic City that will boost tourism during these events.  The Rational Group gets the benefits of growing their brands FullTilt and PokerStars into other segments that they would not normally be able to pursue.
 
If the current purchase agreement were formally approved, it would be the first brick and mortar casino for the Rational Group. One of the potential problems is in the licensing of the company.  If you recall back in 2011, online poker sites took a hit being shut down by the United States Department of Justice. 

The Casino Operating License is Only Question

The evaluation process by the New Jersey DGE will allow for a 90 investigation of their application including digging deep into the backgrounds all its members and owners.  Once the official report is filed, there will be a 30 day evaluation and review process, at this time the results of the application will be rendered.
 
If this purchase goes through, it will inject some life into the Atlantic City casino market that is just what the doctor ordered.  Atlantic City is on the rebound from the results of Superstorm Sandy, things are starting to get back to normal as far hotel occupancy is concerned.

YouTube Video with the Details of the Sale 

Recommended Posts:

The following two tabs change content below.

Atlantic City Guy

Vice President at Atlantic City Hotel Experts LLC
+JJ Jackson I have lived and worked in Atlantic City my entire life. Currently a business owner in the heart of the tourism district, I enjoy writing about all kinds of events, history and things to do in Atlantic City, New Jersey.

Tags: , ,

« | « | » | »

Leave a Reply

Your email address will not be published. Required fields are marked *


*

Atlantic City, New Jersey

Atlantic City is a fun seaside town also known as the Jersey Shore. Live entertainment in the form of concerts, shows, comedy shows, wow factor restaurants, beaches, shopping, gaming and much more. Look for deals and discounts at area hotels in Atlantic City and plan a getaway to the New Jersey Shore. Also look for upcoming entertainment posts with shows and concerts in Atlantic City.