Posts Tagged ‘Fertitta Interactive’

Online Poker Is Here (in Nevada)

Stations Casinos launch new era of American gaming

by , May 3, 2013 | 10:00 am

Ultimate PokerThe first-ever legal pay-to-play online poker website in the United States is expected to launch this morning when Station Casinos-owned Ultimate Poker flips the switch on a new era in Nevada gaming.

The site, UltimatePoker.com, can be accessed only on computers or mobile devices located in Nevada.

State gaming authorities signed off of the company’s technology last week and allowed Ultimate Poker to move forward in what is considered a test period.

Ultimate Poker was licensed for interactive gaming in October.

The site is expected to go live at 9 a.m. with limit and no-limit Texas hold ’em poker through single-table cash games, sit-and-go events, and multi-table tournaments.

The poker games will have buy-ins from a few cents to $100.

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Station Casinos Secures Control of Internet Gaming Entity

Says real-money online poker will be live by June 30

by , Nov 15, 2012 | 1:00 pm

Station Casinos LLC posted its third consecutive profitable quarter on Tuesday. The locals gaming company’s bottom line continued to benefit from its aggressive marketing efforts, despite a competitive Las Vegas market and a sluggish economic recovery.

The privately held company also announced it will acquire a 50.1 percent ownership stake in Fertitta Interactive LLC, which operates Ultimate Gaming. Fertitta Interactive launched Ultimate Gaming’s free-play site on Facebook earlier this year, with a real money site expected to launch in Nevada by June 30.

Marc Falcone, executive vice president and chief financial officer with Station Casinos, declined to disclose the purchase price. He expected the all-cash deal for Fertitta Interactive to close by the end of the month.

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Three More Approved for NV Online Poker Licenses

Boyd Gaming, Station Casinos, Golden Nugget ready for internet play

by , Oct 22, 2012 | 4:00 pm

Three companies were granted interactive gaming licenses by the Nevada Gaming Commission on Thursday as the lineup for the state’s potential online poker market grew more crowded.

Commissioners licensed Boyd Gaming Corp. the Golden Nugget ownership and Fertitta Interactive – which includes the owners of Station Casinos and operators of Ultimate Fighting Championship – to launch online poker websites as soon as the technology is approved.

The website can be accessed only by people age 21 and older playing on computers or mobile devices within Nevada.

Boyd Gaming Executive Vice President Bob Boughner told gaming commissioners the company believes online poker in Nevada will be a $180 million a year business and would damage the state’s live poker business.

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Is Online Poker’s Window of Opportunity Closing?

Casinos say Nevada jobs at risk without federal bill to validate intrastate regs

by , Sep 1, 2012 | 1:00 pm

What seemed like a tremendous decision for the gaming industry nine months ago – the re-evaluation of the Federal Wire Act of 1961 – may not be so advantageous for Nevada unless Congress takes steps to enact Internet poker legislation.

A window of opportunity that could place Nevada at the center of the potential U.S. Internet gaming market is closing quickly, and some in the gaming industry worry that lack of federal action could cost the state tax revenues and casino customers, while making Nevada subservient to less-regulated states.

“There are different standards for gaming regulation in one state versus another,” Station Casinos Vice Chairman Lorenzo Fertitta said. “We know some companies will shop for the lowest common denominator. We could start seeing bets being taken away from Nevada.”

The U.S. Department of Justice on Dec. 23 reversed a 50-year-old interpretation of the Wire Act, saying the law covers only sports wagering. Legal experts said the decision frees individual states to let online operators offer poker and traditional casino games such as slot machines and blackjack if the play doesn’t cross state lines.

It’s been estimated that U.S. gamblers spent as much as $26 billion annually gambling online before federal prosecutors indicted the operators of three of the largest Internet poker websites in April 2011. Closing those sites, which had violated federal law by accepting wagers from the U.S., effectively walled Americans off from the online gaming universe.

Now, states dealing with tight budgets are looking at that huge, untapped Internet market and are increasingly open to allowing – and taxing – it. Lawmakers in several states are in various stages of adopting regulations to allow full-scale online gaming.

Several Nevada gaming companies are on the verge of offering in-state online poker, but they foresee trouble ahead if their market is limited only to players in the sparsely populated Silver State.

And not only are they concerned about missing out on poker profits, they fear gamblers who can play online at home won’t bother traveling to Las Vegas’s tourist-dependent resorts.

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Station Casinos Ready Themselves for Online Play

Fertitta Interactive launching Ultimate Gaming, Poker

by , Jun 20, 2012 | 10:35 am

Fertitta Interactive LLC on Tuesday announced it will launch its real-money and social gaming company, Ultimate Gaming, an online gaming business it has been developing since its October acquisition of CyberArts Licensing LLC.

“We view it as a global opportunity,” Tom Breitling, chairman of Fertitta Interactive, said during an hour-long presentation . “We believe the timing is right to enter the world of online gaming, so we are doing so with Ultimate Gaming.”

Breitling said its free-play poker game, Ultimate Poker, will be released Friday on Facebook, with a promotional campaign to begin July 7 during Ultimate Fighting Championship 148, a pay-per-view event.

He said Ultimate Gaming is UFC’s official online gaming sponsor.

The Las Vegas-based company will launch real money poker in Nevada as soon state gaming regulators approve pending manufacturer, service provider and operator licenses, Breitling said. That should be by the end of the year, he said.

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