Station Casinos Secures Control of Internet Gaming Entity
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.