The Meruelo Group of Downey, California, plans to close the deal by May 31. It is the lowest price ever paid for a casino in Atlantic City.
The Obama Justice Department scored the first conviction under a 2006 law that outlaws online gaming, including poker. More convictions may be coming. But monied interests are pushing Congress to scrap the law.
12/07/2011 04:23 pm
Poker Ponzi scheme: The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
09/21/2011 05:31 pm
The US Attorney in Manhattan has filed fraud charges against Full Tilt Poker and two other online companies. The move is roiling the US poker community, and it plays into a larger debate about the legal status of online betting.
04/16/2011 06:03 pm