Weekly Poker Roundup: October 15, 2017
TJM Properties Nearing Deal to Sell Atlantic Club Casino
New Jersey’s Atlantic Club Casino Hotel, which has been closed since early 2014, may be on the verge of having a new owner, according to a report in The Press of Atlantic City. Its current owner, TJM Properties, who has just let the casino sit empty in a state of disrepair, would not reveal the buyer, just that it was waiting for the “hard money” part of the deal to be finalized.
The Atlantic Club was built in 1980 as the Golden Nugget. It eventually became Bally’s, then the Atlantic City Hilton, then ACH. When it eventually took its latest name in February 2012, it was rebranded as a locals casino. PokerStars’ parent company, Rational Group, had a deal in place to buy the Atlantic Club from its then-owner Colony Capital in 2012, but it fell through.
TJM almost sold the casino on at least a couple occasions in the last year or two, but obviously those deals fell through, as well. There is no word what will become of the property if and when it is sold.
PokerStars Launches Real Money Power Up Games
Power Up has gone live for real money on PokerStars after going through on and off public testing for the better part of this year. Real money games were launched on the .EU client on Tuesday, while PokerStars’ other sites, like the .COM and .UK, were announced as having it ready “very soon.” Honestly, games could be running as I write this, but as I live in the U.S., I can’t see what’s going on on those sites.
As we have discussed here before, Power Up is a nutty new game that allows players to manipulate the game with “powers.” Each player receives to power cards to begin the three-handed Sit-and-Go and receives another after every hand as long as they have fewer than three. Powers can do things like destroy a community card, allow a player to swap out a hole card, or give the player a peek at the next card. Each power costs “energy”; players receive 10 energy to start and receive 2 after every hand up to a maximum of 15.
Other than the powers, Power Up games play the same as any other Sit-and-Go. Buy-ins are $1, $3, $7, and $15.
AP Co-Founder Scott Tom In and Out of Jail
Absolute Poker co-founder Scott Tom is back home in Antigua after serving just a week in jail in the United States. He was the second-to-last person named in the Black Friday indictments to get legal closure with the U.S. government, finally coming back to the States on May 31st to enter a plea deal.
Disappointingly, the one charge he pled guilty to had nothing to do with his role as the ringleader of the “superuser” cheating scandal at Absolute Poker or that he scampered off with tens of millions of dollars of players’ money after Black Friday. Instead, it was one misdemeanor count of accessory after the fact for transferring gambling information.
At the sentencing hearing on September 28th, Tom’s attorney, James Henderson, asked Judge Barbara C. Moses for time served, but she decided that since Tom had not spent any real time in custody, he needed to receive some time behind bars. That time was just seven days, plus a $300,000 fine. Tom didn’t think he would get any jail time, so he had actually booked a flight to Antigua on September 30th.
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