Rational's Atlantic Club Bid In Jeopardy

Yesterday, Casino Listings reported that the deal between the Atlantic Club Casino and internet poker giant The Rational Group had hit a small snag, as the poker group could had its interim casino license application delayed. Now it appears that the deal has fallen through.

The deal was originally thought to be in a holding pattern as the Rational Group was awaiting a decision by the state of New Jersey regarding its casino license application. This licensing was delayed through administrative and opposition to the deal by the American Gaming Association. It turns out that the issue is more serious than originally thought, and that the agreement between the two firms has been terminated.

Atlantic Club CEO Michael Frawley confirmed those details, saying that his casino will look into deals with other betting providers while not disclosing exactly why the deal fell through.

Speaking about his casino's stance on internet gambling Frawley said, "The advent of New Jersey's online gaming legislation has changed Atlantic City's future for the better and The Atlantic Club is absolutely going to be a part of that future."