Rational Group set to buy the Atlantic Club Casino Hotel

Rational Group, the Isle of Man based company, are set to purchase the Atlantic Club Casino Hotel in New Jersey’s Atlantic City.

Rational Group, the parent company to online poker providers, Poker Stars and Full Tilt Poker are to purchase the casino from its current owners, Resorts International an affiliate of the Los Angeles based hedge fund, Colony Capital.

The casino, which reported a gross operating loss of $13.6 million, is set to become Rational Groups first casino and online gambling house, should the proposed bill to legalise online gambling within casinos in New Jersey, be signed by New Jersey Governor Chris Christies.

The exact details pertaining to the purchase of the casino as well as the conditions of sale and the proposed amount, have yet to be released to the media, but all the paperwork, investigations as well as the approval of the license should be approved before the end of the year.