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PokerStars parent company The Rational Group has issued a comment regarding its failure to close its purchasing agreement of Atlantic City land casino the Atlantic Club.
"Several days ago the Rational Group received a purported notice of termination of this agreement from the current owners of the Atlantic Club," Rational Group Spokesman Eric Hollreiser told the Associated Press. "It was the Rational Group's expectation and understanding, based on the ongoing dealings between the parties, that the closing date would be extended to allow the transaction to be completed. The Rational Group remains entirely committed to resolving this situation and to our investment in New Jersey."
The comments come a day after it was reported that Rational's deadline to acquire an interim casino license through the state of New Jersey had expired without a license being awarded. This caused the Atlantic Club to terminate the deal, and the site's CEO to claim that the group will seek out other buyers.
The two gaming firms entered into an agreement in December 2012 in which Rational agreed to purchase the struggling Atlantic City casino. The purchase has stirred up some controversy, with U.S. gaming lobbying firm the American Gaming Association opposing the deal.